Stock Market Loss Attorneys in the News

March 31, 2016

Hugh Berkson, a principal with McCarthy, Lebit, Crystal & Liffman, is the current President of the Public Investors Arbitration Bar Association. More than 400 PIABA members represent investors nationwide in mandatory arbitration conducted under the auspices of the Financial Industry Regulatory Authority (FINRA). PIABA also promotes the interests of the public investor in securities arbitration, more »

February 25, 2016

We three longtime members of the securities litigation group – attorneys Anthony Hartman, Hugh Berkson, and Jay Salamon — are pleased to announce that we have become principals in the prominent Cleveland, Ohio law firm of McCarthy, Lebit, Crystal & Liffman, Co. LPA. We are joined at McCarthy Lebit by our team’s stellar paralegal, more »

January 25, 2016

Former Merrill Lynch broker Thomas J. Buck has been named in several complaints, already costing the company over $4.1 million in settlements. Many of the complaints allege that Mr. Buck steered clients toward commission-based accounts versus lower cost fee-based accounts. Highly active accounts quickly racked up charges. Although the settlement amounts seem high, they were more »

January 25, 2016

A report from a FINRA task force recommends 51 changes to the arbitration process. Among these changes is increasing the stipend for arbitrators, explanation of arbitration decisions unless one party opts out, and revamping the expungement process for advisors. It also recommends adding a mediation process to a system. FINRA’s arbitration system has been viewed more »

January 25, 2016

FINRA’s arbitration task force presented 51 recommendations to improve the arbitration process. Of special focus was the issue of the expungement of advisor’s disciplinary records. Hugh Berkson, president of the Public Investors Arbitration Bar Association, discussed the proposals his organization contributed to the process. The current system heavily favors the advisors, leaving their clients with more »
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