Cyrus Dugger

NASD Updates Investor Arbitration Rules

NASD Updates Investor Arbitration Rules By Hartley Bernstein

(AXcess News) New York - For the past two decades, investors have relied almost exclusively on arbitration to resolve disputes with their stock brokers and investment advisors. Brokerage firms routinely include an "arbitration clause" in each customer agreement. Since the early 1980s, federal courts - led by the Supreme Court - have upheld the validity of those arbitration provisions, forcing investors to turn toward self-regulatory organizations and away from the courthouse.... (keep reading)

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Posted at 10:40 AM, Feb 14, 2007 in
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