nwsun, good to see you around still and asking...
lots of your questions.
Perhaps you didn't see the unanimous Appellate Court decision or perhaps... you did. Consider....
The issue of fraud is a moot point. No fraud was proven by or against our fine brokerages just a question of their failure from their broker’s fiduciary responsibilities; an oversight on their part perhaps. Those shareholders who were informed of possible fraudulent behavior and posed the possibility in their arbitration pleadings were perhaps mis-informed. Since the arbitration hearings are informal, not a real court, and since most shareholders did not have proper representation, they should be able to amend their original pleadings in a proper U.S. court I would imagine. American law in these matters can be a bit overwhelming for the avg. Joe and proper U.S. representation would be necessary.
The unanimous Appellate Court decision, which is Federal I believe, now presents shareholders with a more balanced (12 jurors of our peers instead of a three member panel for ex.) opportunity; after all we just want what we paid for. So much time has passed now though that a refund just isn’t enough, IMO. But that is for a real court to decide if things go that far; unfortunate really if it does need to be resolved in a real court.
So, if one used/included certain language at your hearing, IMO, you will have an opportunity to revise your verbose effort in a proper court; which I’m sure our fine brokers shouldn’t have any reservations to attend, right? After all, the unanimous Appellate Court decision, made it quite clear shareholders have rights after all.
The above are possibly some reasons as things sorted themselves out. The path is much clearer now IMO.
To the MO folks: “SHOW ME!”… the money! (Brilliant!)
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