Investor Not ‘Customer’ of Marketing Firm 
By
Published: February 12, 2013
Tags: 4th U.S. Circuit Court of Appeals, Contract, Judge Barbara Milano Keenan
A company that valued and marketed certain bond funds purchased by plaintiff investors through a brokerage firm is not subject to FINRA arbitration proceedings, the 4th Circuit says, because the investors were not “customers” of the marketing company under the controlling FINRA rule; the district court order enjoining arbitration is affirmed.
FINRA, the Financial Industry Regulatory ...
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