FINRA’s Investor Education Foundation recently has awarded grants to four law schools (Howard, Pepperdine, Florida International and Suffolk) to start Investor Advocacy law school clinics (securities arbitration) in law schools located outside of New York. See Press Release, here. Currently, approximately 14 law schools operate securities/investor rights clinics, but most are in the New York metropolitan area. As a result of this and other faculty shifts, several law schools, including Albany and Florida International, are searching for an instructor to teach in and supervise their securities arbitration clinics. If you are interested in applying for one of these positions, you can contact me and I can forward to you the relevant information.
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Many of the securities clinics that currently exist were started after receipt of grants from the New York State Attorney General’s Office in the mid 2000s following settlements of enforcement actions. Those grants were limited to New York-based law schools to help New York State investors. FINRA is a national self-regulatory organization and directed its grants to law schools in locations that had investors in dire need of free or low-cost legal services to resolve their arbitrable securities disputes.
Why all outside of NY? Is FINRA based in NY?