Having said this, Leider believes there is plenty of room to compromise and work out a meaningful agreement on this issue.

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"Going after brokers is generally an exercise in futility, " says Arthur Leider, a San Diego arbitration specialist who represents five elderly Heritage investors.

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Robert Leider of the University of Pennsylvania School of Law suggests simple adjustments of the rules relating to mental health status and access to firearms, including safe storage mandates for responsible relatives of the mentally impaired, and a much improved tracking and reporting system for those who are currently so impaired.

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As Robert Leider, a fellow at the University of Pennsylvania School of Law points out in a Wall Street Journal opinion article, a federal law which generally prohibits the possession or acquisition of a firearm by a person who has been adjudicated as a mental defective or who has been committed to a mental institution is both under- and over-inclusive.

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