Federal Judge Finds Broker’s Client’s Claims Precluded By SLUSA

(April 15, 2024, 8:39 AM EDT) -- NEW YORK — A federal judge in New York dismissed a putative class complaint brought against an investment company and certain of its employees by a client who said the company failed to disclose that a team heading a new investment program was involved in arbitration with the team members’ former employer, finding that the client’s claims are barred by the Securities Litigation Uniform Standards Act (SLUSA)....

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