The Financial Commission's third-quarter dispute awards reached $112,794 by 11 November, according to Finance Magnates. Rulings issued after quarter-end lifted the first-reported total of $75,585. The private dispute-resolution forum told the outlet that 43 rulings had favoured traders and pending cases had fallen from 158 to 144. Awards are amounts decided in disputes against members.
Reports of unauthorised account access rose from 43 in the second quarter to 84 in the third, with $507,602 in dispute. The forum's chief operating officer said that 11 had been decided on the merits, all in favour of the broker, 37 had closed without such a ruling and 36 were pending. Across all complaint categories, clients had sought $6.22 million in the quarter. The quarterly reporting does not break outcomes down by member.
Sources Finance Magnates · The Financial Commission
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