Finra arbitrators deny both IBD’s, brokers’ efforts to keep each other from clients
An attorney for the independent reps said the decision has implications for the entire sector. The brokerage, NexTrend Securities, may seek to vacate the award.
Editor's note: The story has been revised to correct the explanation of the arbitration decision and to amplify related details.
Finra arbitrators this week denied efforts by both an independent broker-dealer and two of its former brokers to prevent the other from contacting clients with whom the
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