Recently FINRA issued an alert to investors regarding the purchase of securities "on margin." There was a 27% increase in trading on margin over the first nine months of 2013, which averaged to more than $406 billion. FINRA is concerned that investors are underestimating the risks of trading on margin. When the investors cannot satisfy […]

Patel v. Balchandani, FINRA ID # 11-00973 (Louisville, KY, 5/4/2012) - A FINRA Arbitration Panel awarded approximately $1 million, including $200,000 in punitive damages, to a pair of customers who alleged a churning scheme targeting Indian-Americans. The following is part of the "Case Summary" that was presented on FINRA's website: "Claimants asserted the following causes […]