Significant Changes Coming for Brokers Seeking an Expungement of Customer Dispute Information

Daniel Strong

Registered representatives seeking to expunge customer dispute information from the Central Registration Depository system (“CRD”) will likely be required to pay increased FINRA filing and hearing fees in the near future.[1]  With Proposed Rule Change 2020-005, FINRA seeks to amend Part IX of the FINRA Code of Arbitration Procedure for Customer Disputes and the Code…

Business Interruption Insurance Recoveries Due to COVID-19

Brad Inman

Many companies carry business interruption insurance as a component of their first-party property insurance or as a freestanding policy. Such coverage protects against losses sustained during periods of suspended operation due to various events and damage. Although there is no doubt that operations and business has been suspended across countless industries in recent months, business…

Workers’ Compensation Medical Treatment During the COVID-19 Pandemic

Melissa Woodard

Under The North Carolina Workers’ Compensation Act, an injured employee may seek a second opinion from a physician upon which the parties agree. N.C.G.S. § 97-25(b). Likewise, employers may request an Independent Medical Evaluation (IME) of the injured employee. N.C.G.S. § 97-27(a). In the wake of the COVID-19 pandemic, many medical providers that treat work-related…

COVID-19 and the Potential for a Significant Increase in FINRA Arbitrations

Daniel Strong

Recent market volatility associated with COVID-19 has the potential to result in a large uptick in arbitration filings with the Financial Industry Regulatory Authority.  Following a February to March decrease in the S&P 500 of over 34 percent and the recent historic dip in oil prices, investor confidence is understandably shaken.  For broker-dealers and registered…

The North Carolina Judicial Branch’s Response to COVID-19 (including updates from the NCIC and U.S. District Courts)

Teague Campbell

The NC Judicial Branch continues to monitor COVID-19 across the state. In conjunction with the Governor’s Coronavirus Task Force, state public health officials and the NC Department of Emergency Management, Chief Justice Beasley has issued several new orders. The NC Industrial Commission and U.S. Districts Courts have similar orders. We have compiled the pertinent resources…