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SunTrust sues to stop hedge fund’s $13 million FINRA arbitration

Reuters – SunTrust Banks Inc sued a Connecticut-based hedge fund on Wednesday to block arbitration of a $13 million dispute over mortgage-backed securities.

The lawsuit, filed in U.S. district court in Manhattan, is the latest one brought by a bank to challenge claims by investors that their disputes can be heard and decided by a Financial Industry Regulatory Authority arbitration panel.

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