Arbitration

Securities arbitration refers to the alternative dispute resolution process to resolve claims between broker firms and their customers and employees. FINRA operates the largest arbitration forum in the United States for the resolution of these disputes.

While no one can be forced to give up their rights to a trial in court, virtually all agreements between investors and their stockbrokers include mandatory arbitration agreements, and every registered stock broker is required to arbitrate their disputes with their customers and firms.

Our site has been providing information regarding securities arbitration since 1995, starting with Overview of the Securities Arbitration Process. We update the site on a regular basis and invite you to explore our commentary and links, and to ask questions.

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Arbitration

NYSE Arbitration Statistics 02/03

Filings continue to rise through 2003 NYSE STATS, 2/03: From the “News & Updates” section of the NYSE Arbitration WebSite, we have arbitration statistics through the month of February 2003. The Exchange is now refreshing its statistical summary of cases filed and closed each month. We reported on the month […]

Arbitration

NYSE Arbitration Award Summaries, May 2002

A summary of the 18 awards issued in May NYSE AWARDS, 5/02: Among the customer-initiated matters that concluded at the New York Stock Exchange in May were 10 ML Media-related Awards, a stipulated Award granting expungement, one small claims arbitration, and 7 others. The seven Customer-Member claims split 3-4 in […]

Arbitration

GAO Studies Arbitrator Disclosure

No further recommendations made. GAO STUDIES ARBITRATOR DISCLOSURE: In early November, the U.S. General Accounting Office responded to a congressional inquiry on the adequacy of NASD’s procedures in updating its arbitrators’ biographical records for disclosure to parties. In a brief report entitled “Procedures for Updating Arbitrator Disclosure Information,” (GAO-01-162R), the […]

Arbitration News

GAO Updates Non-Payment Study

New Procedures Result in Payments and Sanctions. GAO FOLLOW-UP STUDY: Responding to Congressional requestors, the U.S. General Accounting Office reported on events and developments following its June 2000 study of unpaid arbitration awards. The GAO’s evaluation of the steps taken by the SEC and the SROs to address GAO recommendations […]

Analysis Arbitration

Out of State Attorneys In Florida Update

FLORIDA BAR & RAPOPORT:The Florida Supreme Court’s decision regarding an attorney not licensed in Florida, but practicing in Florida securities arbitrations, has caused a stir among both Claimants’ and Respondents’ counsel; an interim policy now seems in the works. In the case of The Florida Bar v. Rapoport, No. SC01-73 […]

Arbitration

NASD Defunct Firm Proposal

The Securities and Exchange Commission has invited public comment on a rule proposal from NASD Dispute Resolution that would institute default arbitration procedures for non-responding defunct firms and terminated personnel. When the General Accounting Office disclosed in June 2000 (SAA 00-26) that many winning Claimants in arbitration do not collect […]