The Financial Industry Regulatory Authority (FINRA) arbitration process is the primary forum for resolving disputes between investors and financial professionals, including financial advisors and broker-dealers. Among the most common claims in FINRA arbitration are customer suitability claims, in which investors allege that their financial advisor recommended investments that were inappropriate...
Pitfalls for Minority Shareholders
Becoming a minority owner of an LLC or corporation (an owner of less than 50% of the business) is obviously a declaration of faith in the majority owner’s business savvy. It is also a declaration of faith in the majority owner’s good will, because control of a majority interest gives...