The Florida Supreme Court ruled in favor of Raymond James Financial Services, saying that arbitrators could reduce the amount of time investors have to file a complaint with the Financial Industry Regulatory Authority. The court found that Florida's statute of limitations can be applied to arbitration between a broker and its clients. SIFMA had supported Raymond James in the case with an amicus brief. "Statutes of limitations ensure fairness to defendants confronted with stale claims," said Kevin Carroll, associate general counsel of SIFMA. Learn more at SIFMA's Pre-Dispute Arbitration Resource Center.
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