{"id":2705,"date":"2016-08-25T00:00:00","date_gmt":"2016-08-25T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/finras-handling-problem-unpaid-securities-arbitration-awards\/"},"modified":"2018-10-08T12:38:36","modified_gmt":"2018-10-08T16:38:36","slug":"finras-handling-problem-unpaid-securities-arbitration-awards","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finras-handling-problem-unpaid-securities-arbitration-awards\/","title":{"rendered":"How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards"},"content":{"rendered":"<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2942\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/How-FINRA\u2019s-Handling-the-Problem-of-Unpaid-Securities-Arbitration-Awards.jpg\" alt=\"How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards on silverlaw.com\" width=\"364\" height=\"272\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/How-FINRA\u2019s-Handling-the-Problem-of-Unpaid-Securities-Arbitration-Awards.jpg 759w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/How-FINRA\u2019s-Handling-the-Problem-of-Unpaid-Securities-Arbitration-Awards-300x224.jpg 300w\" sizes=\"auto, (max-width: 364px) 100vw, 364px\" \/><\/p>\n<h2>Millions of dollars in awards go unpaid by defunct brokerage firms, boiler rooms, and unscrupulous brokers\u2014what is FINRA doing to address this growing issue?<\/h2>\n<p style=\"text-align: justify;\">A recent <a href=\"http:\/\/pretisecuritieslitigationarbitration.blogspot.in\/2016\/03\/the-problem-of-unpaid-securities.html\"  target=\"_blank\"><span style=\"text-decoration: underline;\">report<\/span><\/a> from the Public Investors Arbitration Bar Association (PIABA) says that 75 awards (approximately one third of all money awarded to clients in FINRA arbitration) during the year 2013 went unpaid.<\/p>\n<p style=\"text-align: justify;\">Unlike many other types of business, brokers and financial advisors are not required to carry insurance, meaning there isn\u2019t another source of assets to pay client awards if the firm\u2019s assets dry up. While most large firms pay arbitration awards as quickly as possible in order to maintain their reputation and avoid further legal action, many smaller firms can\u2019t or don\u2019t pay many of their awards.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/finras-handling-problem-unpaid-securities-arbitration-awards\/\"  title=\"Continue Reading How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Millions of dollars in awards go unpaid by defunct brokerage firms, boiler rooms, and unscrupulous brokers\u2014what is FINRA doing to address this growing issue? A recent report from the Public Investors Arbitration Bar Association (PIABA) says that 75 awards (approximately one third of all money awarded to clients in FINRA arbitration) during the year 2013 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588],"tags":[9,304],"class_list":["post-2705","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","tag-finra","tag-unpaid-securities-arbitration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards &#8212; Securities Arbitration Lawyers Blog &#8212; August 25, 2016<\/title>\n<meta name=\"description\" content=\"Check out the new article How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finras-handling-problem-unpaid-securities-arbitration-awards\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards &#8212; Securities Arbitration Lawyers Blog &#8212; August 25, 2016\" \/>\n<meta name=\"twitter:description\" content=\"Check out the new article How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards on silverlaw.com\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/How-FINRA\u2019s-Handling-the-Problem-of-Unpaid-Securities-Arbitration-Awards.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards &#8212; Securities Arbitration Lawyers Blog &#8212; August 25, 2016","description":"Check out the new article How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards on silverlaw.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/finras-handling-problem-unpaid-securities-arbitration-awards\/","twitter_card":"summary_large_image","twitter_title":"How FINRA\u2019s Handling the Problem of Unpaid Securities Arbitration Awards &#8212; 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