South Beach Capital Markets :: Securities Arbitration

Securities Arbitration

Bruce Foerster is a Member Financial Industry Regulatory Authority (FINRA) Dispute Resolution Board of Arbitrators. Inducted July 1996.

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Continuing Education

Securities Arbitrator Training Program
“Introductory Arbitrator Training” completed October 3, 1996.

Continuing Education Requirement
“Series S201” completed July 16, 2002.

Dispute Resolution Expungement
“e–learning course” completed August 6, 2008.

Dispute Resolution Revised Code of Arbitration Procedure Training
“e–learning course” completed January 24, 2009.

Motion to Dismiss Training
“Self–familiarization” and “On–line–familiarization” completed 12 April 2009.

New Procedural Requirements Concerning Expungement
“Reading of Frequently Asked Questions” completed 27 August 2009.

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Case History

Feb–Oct 03	Florida dispute between investor individually and as trustee of two trusts, and a broker and an asset management company. Claimant alleged multiple breeches of client–broker and client–fiduciary relationships, including unauthorized trading, unsuitability, negligent supervision, fraud, etc. Claimant settled pre–hearing.
Aug 01–Oct 02	California dispute between investor (claimant) and securities firm and certain of its employees (respondents) over alleged unauthorized trading, suitability and lack of employee supervision. Panel found for Claimant.
Jul 01–Nov 01	Florida dispute between investor (claimant) and securities firm (respondent) over 1) alleged trade reporting error that led claimant to transfer account to another firm; 2) allege respondent delay in effecting such transfer. Panel dismissed claimant’s statement of claim with prejudice.
Feb–Aug 00	Florida dispute between investors (claimants) and securities firm and one of its brokers (respondents) over alleged breach of fiduciary duty and failure to supervise. Settled pre–hearing.
Dec 98–Feb 00	Florida dispute between investors (claimants) and securities firm (respondent) over alleged unauthorized trading and suitability of investments. Settled pre–hearing.
Nov 98–Jan 99	Florida dispute between individual/independent contractor (claimant) and securities firm/service provider (respondent) over terms and manner of termination of compensation agreement between the two parties. Settled pre–hearing.
Jun 98–Mar 99	Florida dispute between investor (claimant) and securities firm (respondent) over timely election of option relating to merger transaction. Settled pre–hearing.
Jun–Nov 98	Florida dispute between investor (claimant) and broker and securities firm (respondents) over suitability of investments. Settled pre–hearing.
Jan–Jul 97	Florida dispute between brokers (claimants) and former employer (respondent) over recruiting practices, account assignment and expense reimbursement. Settled at hearing.
Nov 96–Oct 97	Florida dispute between investor (claimant) and securities firm (respondent) centering on investment suitability issues. Withdrew from arbitration panel, pre–hearing, due to conflict of interest.