Each of the stock exchanges offer arbitration forums, as does the National Association of Securities Dealers, Inc. and the American Arbitration Association. The ability to utilize the arbitration process is granted by contract, and the agreement under which disputes are arbitrated often contain forum clauses, designating which arbitration forum will hear the dispute. Additionally, by virtue of their membership in the various organizations, securities professionals and their firms have agreed to arbitrate disputes against them at their member organization. 

Since every stock broker and every brokerage firm is a member of the National Association of Securities Dealers, and are bound by the rules of the NASD to arbitrate their disputes at the NASD, the NASD is the largest arbitration forum, handling over 6,000 arbitrations a year. 

Information packets are available from each of the arbitration forums regarding the scope of the forum, the types of disputes that can be arbitrated at the specific forum, and procedures for arbitrating disputes. 

Last Updated July 7, 2007

The New York Stock Exchange
Director: Robert Clemente, Esq. 
20 Broad Street, New York, New York 10005 
(212) 656-2772 

The American Stock Exchange
86 Trinity Place 
New York, New York 10006 
(212) 306-1000 

American Arbitration Association
140 West 51st. Street 
New York, NY 10020-1203 
212-484-3266 // Fax: 212-307-4387 

Boston Stock Exchange, Inc.
Boston, MA 02108 
617-723-9500 

Chicago Board Options Exchange, Inc.
400 LaSalle Street 
Chicago, IL 60605 
(312) 786-5600 

Cincinnati Stock Exchange, Inc
440 S. LaSalle Street
Suite 2600
Chicago, IL  60605
312-786-8803 (phone)
312-939-7239 (fax)
 

Midwest Stock Exchange, Inc. 
400 LaSalle Street 
Chicago, IL 60605 
Phone: (312) 663-2354 

Municipal Securities Rulemaking Board
818 N Street, NW 
Washington, DC 20036 
Phone: (202) 223-9347 

Pacific Stock Exchange
220 Bush Street 
San Francisco, CA 94104 
Phone: (415) 393-4000 

Philadelphia Stock Exchange, Inc.
1900 Market Street 
Philadelphia, PA 19103 
Phone: (215) 496-5000