George Friedman

George Friedman

George H. Friedman is the publisher and Editor-in-Chief of the Securities Arbitration Alert, a weekly online publication covering the latest developments in financial services arbitration and mediation. He is also the principal of George H. Friedman Consulting, LLC, providing expert advice on arbitration and mediation in general and the FINRA dispute resolution forum in particular.

He is former Executive Vice President - Dispute Resolution of the Financial Industry Regulatory Authority (“FINRA”), a position he held through January 2013. He held the same title at NASD, which consolidated with NYSE Member Regulation to form FINRA in 2007. In this capacity, he was in overall charge of FINRA's dispute resolution program, carried out by the company's four regional offices and 72 hearing locations in the United States and abroad, 200 employees, and an annual budget of $50 million. He also served as Secretary of the Securities Industry Conference on Arbitration. He has been referred to by the U.S. Court of Appeals—4th Circuit as a “leading arbitration expert.” He is a member of the American Arbitration Association's National Roster of Neutrals.

Mr. Friedman is an Adjunct Professor of Law at Fordham Law School, where he has taught a course on alternative dispute resolution since 1996. He is Chairman of the Board of Directors of Arbitration Resolution Services, Inc. of Coral Springs, Florida. Arbitration Resolution Services is an innovative online arbitration services company facilitating an affordable alternative to costly courtroom litigation and in-person arbitration for resolving Business-to-Business, Business-to-Individual, and Vehicle and Property Damage disputes. ARS is unique in that its entire process can be completed online through the company website.

In his extensive dispute resolution career, he previously held a variety of positions of responsibility at the American Arbitration Association, most recently as Senior Vice President from 1994 to 1998. He joined NASD in 1998 as Senior Vice President of NASD's Dispute Resolution Division, and was named Executive Vice President in 2002.

Mr. Friedman received a B.A. in Political Science from Queens College, and a Juris Doctor from Rutgers Law School - Newark, where he was an editor of the Law Review. He is admitted to the New York and New Jersey Bars and the United States Supreme Court, and is a Certified Regulatory and Compliance Professional. Mr. Friedman is a member of the Securities Experts Roundtable, and of several bar associations. He is past chair of the Committee on Alternative Dispute Resolution of the New York County Lawyers Association. He is a member of the Banking Advisory Committee of Bergen (NJ) Community College.

Mr. Friedman has lectured extensively on the subject of alternative dispute resolution, and has the distinction of being one of the architects of the American Arbitration Association’s Due Process Fairness Protocols for both employment arbitration and health care dispute resolution, and assisted in creating the Consumer Due Process Protocol. He has published often, with articles appearing in the Securities Arbitration Commentator, the ABA's Dispute Resolution Magazine, the New York Law Journal, the Rutgers Law Review, and the National Law Journal. He has blogs at Arbitration Resolution Services, Inc., the Securities Arbitration Commentator, and the World Future Society, among others.




Contact George Friedman

Website: secarbalert.com

Articles and Video:

The Presidents and Arbitration: From Washington to Biden: An Update (02/17/21)
This is an update from the author's 2016 blog post on the Presidents and arbitration. The material that follows about the past presidents is mostly repeated from his original blog post with the last two sections being updated.

FINRA DRS Postpones In-Person Hearings through April. Are Virtual Hearings Driving Down Customer Recoveries? These Researchers Say “Yes” (02/15/21)
FINRA’s Office of Dispute Resolution Services has again administratively postponed all in-person arbitration and mediation hearings, and a new report – not from FINRA – concludes that virtual hearings may have harmed investor recovery rates.

FINRA Year-end Stats 2020: Average in Some Respects; in Other Ways, a Most Uncommon, Even Unique, Year (02/09/21)
This review of the latest FINRA dispute resolution stats update is provided by Rick Ryder, President of SAC, Inc. and SAC's ARBchek - securities arbitration's first arbitrator evaluation service.

The Elections are (Finally!) Over: What’s in Store for the Arbitration and the Financial Services Worlds (02/03/21)
At long last, the 2020 elections are behind us, and the Democrats have taken over the White House, Senate and House. What might this mean for arbitration and the financial services worlds? In a word, lots!

Arbitration Tips-N-Tools (TNT): Round 5 (02/01/21)
In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about maintaining privacy and safety in online arbitration (OArb), especially in a digital world and faced with the complexities of the Covid-19 pandemic.

CFPB Consumer Financial Taskforce Issues Report: Hardly a Word About Arbitration (01/29/21)
A CFPB taskforce on consumer financial law issued a massive report in early January, with hardly a reference to arbitration.

SCOTUS on Henry Schein II Certiorari Grant: “Never Mind!” (01/26/21)
The Supreme Court has reversed in a summary dismissal its decision to grant Certiorari in its second look at Henry Schein, despite having heard oral argument in December.

Arbitration Tips-N-Tools (TNT): Round 4 (01/25/21)
In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about executing an arbitration hearing, especially in a digital world and faced with the complexities of the Covid-19 pandemic.

Arbitration Tips-N-Tools (TNT): Round 3 (01/20/21)
In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about obtaining discovery in arbitration, especially in a digital world and faced with the complexities of the Covid-19 pandemic.

Whatever Happened to Monster Energy on Remand to JAMS? (01/20/21)
A party is challenging JAMS’ neutrality as an administrator because the provider filed an Amicus Brief at the Supreme Court supporting the position taken by its adversary in the same arbitration.

Arbitration Tips-N-Tools (TNT): Round 2 (01/11/21)
In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about planning and executing a preliminary arbitration hearing, especially in a digital world and faced with the complexities of the Covid-19 pandemic.

FINRA DRS Postpones In-Person Hearings through Beginning of April (01/11/21)
FINRA’s Office of Dispute Resolution Services (“DRS”) has again administratively postponed all in-person arbitration and mediation hearings.

Eleventh Circuit Upholds $3 Million Sanction FINRA Award Against Morgan Stanley (01/06/21)
In an unpublished per curiam Opinion, the Eleventh Circuit, has affirmed unanimously a Southern District of Florida decision confirming a FINRA Award of over $3 million in sanctions against Morgan Stanley.

Arbitration Tips-N-Tools (TNT): Round 1 (01/04/21)
In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about filing arbitration claims, especially in a digital world and faced with the complexities of the Covid-19 pandemic.

Arbitration Conversation No. 41: George Friedman, Editor-in-Chief of Securities Arbitration Alert (12/30/20)
In this episode of the Arbitration Conversation Amy interviews George H. Friedman, publisher and Editor-in-Chief of the Securities Arbitration Alert and principal of George H. Friedman Consulting, LLC, providing expert advice on arbitration and mediation in general and the FINRA dispute resolution forum in particular.

SEC Approves FINRA Chair Honoraria Increases (12/28/20)
FINRA’s Board of Governors in December 2019 authorized staff to submit a rule filing with the SEC increasing certain Chairperson honoraria and the SEC has now approved the proposal.

SCOTUS Asked to Weigh in on Whether 28 USC Section 1782 Provides for Discovery in Aid of Private, Foreign, Commercial Arbitration (12/18/20)
The Supreme Court is being asked to resolve a major split on whether 28 USC Section 1782 provides for discovery in aid of private, foreign, commercial arbitration or only covers cases administered by governmental arbitration forums.

AAA Stats, 3rd Qtr. 2020: Consumer & Employment Case Info Updates (12/10/20)
AAA Award Data is updated quarterly by the American Arbitration Association and this analysis of the latest update is provided by Rick Ryder, President of SAC, Inc.

NY Trial Court Objecting to FINRA Jurisdiction but Participating in Arbitration Not Enough to Vacate Award (12/04/20)
A financial adviser who noted his continued objections to FINRA Dispute Resolution Services jurisdiction but otherwise participated in the arbitration cannot later challenge the Award under New York’s arbitration statute.

FINRA DRS Posts Stats Thru October: Some Reversions to Mean and Some Theories Validated (11/25/20)
FINRA Dispute Resolution Services (“DRS”) posted case statistics through October, with most numbers returning to near-normal during this abnormal year. And DRS Chief Berry has validated some of our theories on the trends.

Enforcement of $2 Billion ICSID Award Stayed While Internal Appeal is Pending at Arbitration Forum (11/20/20)
The District Court of Columbia declines for the time being to enforce a $2 billion ICSID Award against Egypt because an appellate arbitration proceeding is still pending.

SCOTUS Review Sought of Split Ninth Circuit Decision Holding That FAA Does Not Require Workers To Have Moved Goods Across State Lines (11/13/20)
The Supreme Court is being asked to review whether FAA Section 1 exempts from coverage only workers actually moving goods or people involved in interstate commerce.

Update on Split Ninth Circuit Decision Affirming Denial of a Motion to Compel Arbitration: Rehearing En Banc Sought (11/06/20)
DIRECTV is seeking a rehearing en banc on a split Ninth Circuit decision that had denied its Motion to compel arbitration.

FINRA DRS Posts Stats Thru Third Quarter: Still No 'COVID Crash' Surge in Customer Arbitration Claims, But New Case Filings Eclipse Customer Claims (11/03/20)
FINRA Dispute Resolution Services (“DRS”) posted case statistics through September, with some surprising trends: 1) while overall arbitration filings through the third quarter are still up, customer claims remain way down but have recovered slightly; 2) industry disputes remain up significantly and now for the first time ever exceed customer arbitration filings; and 3) pending cases are piling up, but there’s been some improvement.

Bipartisan House Bill Introduced to Amend FAA to Ban PDAA Enforcement for Physical Sexual Assault Claims (10/26/20)
A bipartisan bill has been introduced in the House to amend the Federal Arbitration Act (“FAA”) to restrict predispute arbitration agreement (“PDAA”) enforcement for disputes involving physical sexual assault claims.

No Surprise Here: Arbitration Comes Up At Coney Barrett Confirmation Hearings (10/19/20)
As we expected, arbitration came up at Judge Coney Barrett’s confirmation hearings. Also as expected, she declined to explain her past decisions.

Does 28 USC Section 1782 Provides for Discovery in Aid of Private, Foreign, Commercial Arbitration? (10/13/20)
Joining the Second and Fifth Circuits, the Seventh Circuit holds that 28 USC Section 1782 does not provide for discovery in aid of private, foreign, commercial arbitration. And the District of Delaware follows suit for the second time.

The Jury is Out on Judge Coney Barrett’s Arbitration Views, Though She Appears to Like FINRA Dispute Resolution (10/02/20)
As expected, President Trump on September 26 nominated Judge Amy Coney Barrett of the Seventh Circuit to fill the open seat at the Supreme Court resulting from the passing of Justice Ruth Bader Ginsburg and this article focuses on the nominee’s views on arbitration based on past decisions.

Fifth Circuit Applies 'Look Through' Standard to Removal of Case Seeking to Vacate FINRA Award Under FAA (09/29/20)
The Fifth Circuit holds that the District Court was correct when it applied the “look through” standard to determine that it had jurisdiction to remove a State Court action to vacate an Award.

PLI’s 'Securities Arbitration 2020' – A New Medium, But the Same Great Content (09/21/20)
Practising Law Institute’s (“PLI”) annual securities arbitration seminar took place via live Webcast on September 10th. Although the pandemic moved the event to a virtual-only format, the event as usual was packed with content of interest.

FINRA DRS Postpones In-Person Hearings Through December 4, but Posts Info on Reopening Plans (09/14/20)
FINRA’s Office of Dispute Resolution Services (“DRS”) has again administratively postponed all in-person arbitration and mediation hearings but has posted guidance on its plans to resume in-person hearings.