]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives NASD Arbitration Opens Connecticut Site
Sets goal for hearing location in every stte by 2005
As part of its plan to establish a hearing location in each state within a years time, NASD Dispute Resolution announced the recent opening of a Hartford, CT situs to service arbitration and mediation claims. The announcement, which appears in a News Release on the NASD Dispute Resolution WebSite (www.nasdadr.com), indicates that 89 arbitration claims were filed by Connecticut residents in 2002. Most of these cases will be or already have been heard in Boston or New York City, but future cases, while still administered by a staff in New York, will be tried before a Panel formed from an available pool of arbitrators that currently numbers 190. The addition of hearing locations has proven to have a positive impact, said Linda Fienberg, President of NASD-DR. By the end of the first quarter of 2005, NASD Dispute Resolution will have a hearing location in every state. (SAC Ref. No. 2004-13-02)
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Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article.
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