Madison on ABC 6-TV "Ask the Attorney"

The Financial Industry Regulatory Authority (formerly known as the National Association of Securities Dealers or “NASD”) has exclusive jurisdiction to hear and to rule upon claims made by investors against their financial advisors or securities brokers and financial service firms. These claims include fraud, suitability fraud, negligence, breach of fiduciary duty, breach of contract, front-running, churning, and other violations of federal securities laws and state Blue Sky laws. In addition, FINRA rules on claims made between a securities broker or a financial advisor and a member…