Securities Fraud Lawyer Blog
FINRA Dispute Resolution reports that through March 2012 new cases filed are down eight percent year over year from 2011.
There were a total of 4,727 cases filed in 2011 which was down from 5,680 in 2010.
Through March 2012 variable annuity claims were the most common type of claim filed with a total of 212, an amount which equaled the total number of VA claims for all of 2011.
Also in 2012 the customer win rate has shot up to 51% an increase from the 44% reported for 2011. FINRA also reported that for 2011 customers received monetary compensation via an award or through a monetary settlement in 74% of cases