Attorney obtained dismissal in arbitration before the Financial Industry Regulatory Authority (FINRA) for our client, a FINRA member broker dealer

Attorney obtained dismissal in arbitration before the Financial Industry Regulatory Authority (FINRA) for our client, a FINRA member broker dealer. The theory of liability as to our client centered on successor in interest status related to the parent corporation's acquisition of another member broker dealer. The opinion noted that disposition motions are not favored in FINRA. Nonetheless, the attorney successfully argued that our client was not a successor in interest to the accounts, securities and conduct at issue.