INDUSTRY: SEC asked to change industry arbitration rule
A trade group for attorneys who represent investors has asked the SEC to end the mandatory use of industry arbitrators.
A trade group for attorneys who represent investors has asked the SEC to end the mandatory use of industry arbitrators. The Public Investors Arbitration Bar Association of Norman, Okla., last month filed a rulemaking petition with the SEC asking the agency to give investor plaintiffs the right to strike industry arbitrators from proposed lists of panelists in cases where the amount in controversy exceeds $100,000. For more details, visit sec.gov/rules/petitions/2009/petn4-586.pdf.
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