Stock Market Loss News

An author maintains that while financial fraud claims increase during poor economic times this doesn’t mean that more fraud is occurring. Hugh Berkson challenged that assertion, explaining that financial salespeople may seek out less beneficial and even fraudulent products to sell to maintain their own revenue streams.

The National Association of Securities Dealers (NASD) withdrew a proposed amendment to the arbitration code that would have allowed panels to dismiss claims prior to a full hearing. Investor plaintiffs’ attorneys successfully challenged the amendment. Attorney Hugh Berkson explains, in the article, that his clients are often required to participate in arbitration and deserve to …