Subscribe to the Finance Headline RSS feed | Subscribe to the Finance Headline feed via EmailBNA INSIGHTS: The Market Meltdown and Mutual Fund Investors: Likely Claims and Several Potential Defenses
April 26, 2010 in Securities Regulation & Law Report · Leave a Comment
According to the Financial Industry Regulatory Authority (FINRA), 2009 witnessed a significant increase in arbitration filings and complaints by mutual fund investors. Contrary to past experience, mutual funds now make the largest single product source for customer complaints, outpacing claims arising from investments in common stocks and corporate bonds. Overall, FINRA reports that the total number of new arbitration claims filed in 2009 approached the level of activity last witnessed in the “tech wreck” era of 2001–2004…
