Stark & Stark’s Employment Group was quoted in the December 21, 2010 Financial Advisor Magazine article, FINRA To Ease Arbitrator Standards In Bonus Cases. As the number of cases involving brokers’ signing bonuses continues to increase, FINRA is seeking to reduce the requirements for who can serve on arbitration panels hearing the cases. Since the increase began in 2008 the number of claims filed over unreturned bonuses has more than doubled and now FINRA is having a tough time finding enough arbitratiors to fill the hearing panels.
You can read the full article online here.