Thank you for sharing!

Your article was successfully shared with the contacts you provided.
San Francisco-The California 2d District Court of Appeal has dealt a major blow to the state’s tough new ethical rules for securities arbitrators, deciding that federal law pre-empts the state Legislature’s ability to set such standards. Jevne v. the Superior Court of Los Angeles, No. B167044, is the first published California appellate court ruling on the controversial ethical rules to decide the issue of pre-emption. “Despite the laudable goals of the Legislature in promulgating the California Standards to protect consumers and maintain judicial scrutiny of securities arbitrations, the disqualification rules . . . present a clear physical conflict with the [National Association of Securities Dealers] rules,” wrote Justice Laurie Zelon. The rules require that arbitrators disclose financial relationships or other conflicts of interest between themselves and parties in disputes. It’s unknown if the consumer who lost the case will appeal the decision.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.