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Home / Courts / 4th Circuit / Contract – Arbitration – Securities Broker – ‘Associated Person’ – Financial Advisor – Ponzi Schemes (access required)

Contract – Arbitration – Securities Broker – ‘Associated Person’ – Financial Advisor – Ponzi Schemes (access required)

Waterford Investment Services Inc. v. Bosco Although a financial advisor who allegedly operated Ponzi schemes had changed brokers before plaintiff investors filed their FINRA arbitration claim, the current broker must arbitrate the claim because the advisor was an “associated person,” the 4th Circuit says.

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