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NASD To Clarify Mediation Rules

Law360 (January 3, 2006, 12:00 AM EST) -- Firms seeking mediation or arbitration from the National Association for Securities Dealers will soon find the rules easier to understand, thanks to an NASD initiative to clarify arbitration practices.

The U.S. Securities and Exchange Commission approved the rule changes, which will go into effect on January 30.

The revision of the arbitration rules is part of an effort to simplify dispute resolution rules to make them more logical and user friendly.

Under the current system, the NASD follows one code for customer and industry arbitrations and...
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