Panel: Firm Not Required To Arbitrate With Employee’s Allegedly Defrauded Investors

( May 2, 2025, 8:18 AM EDT) -- PASADENA, Calif. — A Ninth Circuit U.S. Court of Appeals panel found that retirees who invested in an alleged Ponzi scheme run by a securities firm’s employee were not entitled to arbitration under the Financial Industry Regulatory Authority’s arbitration rules because the retirees failed to demonstrate that they had transacted with the employee, affirming a lower court’s ruling....

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