Abusive Brokers BewareLeah Nathans Spiro
Chalk one up for the little guy. With Clarence Thomas the only dissenter, on Mar. 6, the U.S. Supreme Court ruled 8-1 that brokerage firms cannot deny investors punitive damages in securities arbitration cases. "This is a landmark decision that's a real victory for investors," says David E. Robbins, a New York arbitration attorney.
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