NASD Proposes More Changes To Arbitration Code

Law360, New York (May 4, 2006, 12:00 AM EDT) -- The National Association of Securities Dealers’ Dispute Resolution arm has asked the U.S. Securities and Exchange Commission to approve a set of modifications to its current arbitration procedures, in hopes of simplifying and reorganizing the current system.

The NASD has proposed improvements that will divide the current arbitration policy into three separate codes: a customer code, an industry code and a mediation code.

The NASD said it hopes that breaking down the current code will clarify procedures, allowing parties to more easily determine which rules apply...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.