Lessons from the Option of Last Resort: Preparation and Expense

By: Robert Noens, Fall 2017 IAC Student Intern

From start to finish, I believe the case I co-counseled took a year. I, however, was only involved for two weeks. Granted, the weeks leading up to a hearing and the hearing itself will likely be the most expensive time period in the life of a FINRA dispute, but that does not take away from one simple fact; FINRA hearings, like any trial, are expensive. Every day leading up to the FINRA hearing there are copying costs, which – surprisingly or not – add up quickly, lawyers billing by the hour day-in and day-out, experts billing by the hour, and jury and/or witness consultants. This goes on all day and every day leading up to the hearing. The result is almost invariable a bill that will dwarf the vast majority of Americans’ yearly salaries. Continue reading

Lessons from the Option of Last Resort: The Overall Hearing Experience

By: Robert Noens, Fall 2017 IAC Student Intern

Welcome to my second and final five-part blog series. In my final semester in the Clinic, I finally got the opportunity to experience a very rare and valuable thing – a FINRA hearing. The one thing that everyone pictures when they call the Clinic, feel the need to sue their broker, or envision securities litigation, is also both rare and something most Clinic students will never get the opportunity to see. In fact, while the reasons for not getting a case all the way through a hearing may vary, ultimately, for one reason or another, only 13% of FINRA disputes will be decided by an arbitrator(s) upon the completion of a hearing.

Continue reading

Mary Had a Little Lamb (Target Date Funds)

By Eric Peters, Fall 2017 IAC Student Intern

Mary had a solid job,

Worked real hard, nine to five.

Mary saved as best she could,

But worried ‘bout her goals.


Retire early, be comfortable,

Pay the bills, live for thrills.

Worry not for want and needs,

And take care of her home.


Then she learned of TDFs [Target Date Funds],

Target date funds to save best.

Suits your lifestyle and your age,

Can get it through your 401(k). Continue reading

My Clinic Story: From Course to Career Path

Law IACBy: Qudsia Shafiq, Fall 2017 IAC Student Intern

In Fall 2016, I enrolled in the business arbitration practicum without any prior knowledge about FINRA, arbitration or the securities industry. After one semester of the Business Arbitration Practicum course and two semesters of the Investor Advocacy Clinic, I can confidently say that this was the most impactful experience during law school because of what I learned.

Continue reading

My Clinic Story: Eric Peters

By Eric Peters , Fall 2017 IAC Student Intern

My decision to join the Investor Advocacy Clinic was driven by two goals: 1.) utilize my financial education in a real-world, legal environment, and 2.) help those who could not afford legal representation.  As this semester’s work in the Clinic is coming to an end, both these goals have been accomplished.  With the guiding hand of Professor Iannarone, I have made significant progress in developing my professional identity, skill set, and now feel prepared to enter the legal profession with confidence.  Professor Iannarone’s wealth of knowledge and willingness to assist and guide her students throughout the process of a FINRA arbitration has been an invaluable tool and helped me make strides towards becoming the lawyer I want to be.

Continue reading

My Clinic Story: Abigail Warren

By Abigail Warren, Fall 2017 IAC Student Intern

It’s hard to believe how fast this semester has flown by – it seems like yesterday when my clinic story began.  While my time in the clinic has been rather busy, I can honestly say that it is probably the most valuable experience of my law school career.

Continue reading

Translate This!: “Be careful with your investments, fruit leather is a volatile market right now.”

By: Julio Perez, Fall 2017 IAC Graduate Research Assistant

A good follow-up subject to liquidity is volatility, since they go hand in hand. Volatility refers to the up-and-down movement of the market, with drastic shifts either up or down in stock reflecting a higher volatility in the market during a defined period in time. Continue reading