The Historical Basis of Securities Arbitration as an Investor Protection Mechanism
By Jill Gross, SSRN, March 18, 2016
This post has been viewed 2,346 times.
This article explores the history of arbitration in the securities industry, focusing on the right of customers to demand arbitration of broker-dealer disputes. The article argues that, rather than depicting FINRA arbitration as an alternative dispute resolution process offering a level playing field, FINRA, as well as industry and investor advocates, should recall and reinforce the historical basis of securities arbitration as a mechanism to protect investors.
