Finra arbitrators deny both IBD’s, brokers’ efforts to keep each other from clients
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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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