Market Integrity, Investor Confidence: The Case for Pure Public Securities Arbitration –Now!
September 22nd, 2008 by 
Madelaine Eppenstein
We are witnessing unprecedented upheaval in the financial markets and investor insecurity. Sadly, against this backdrop in a few days FINRA will launch a wholly inadequate band aid for its own broken arbitration system, the so-called “Public Arbitrator Pilot Program,” in response to mounting Congressional and public pressure to eliminate mandatory securities arbitration and to remove the required industry arbitrator panelist. FINRA purports to study the impact of a panel’s composition on various “outcome” criteria – instead of taking bold action to benefit all investor participants in the FINRA arbitration system. But the last thing we need in order to truly foster public confidence in this compulsory system for the adjudication of most investor claims is yet another study. Read the rest of this entry »
Posted in Securities Arbitration & Litigation
