Punitive Damages and the Consumerization of Arbitration

68 Pages Posted: 17 May 2012

Date Written: 1997


In this sequel to his 1986 article on punitive damages in arbitration, Professor Stipanowich explores the issues at the heart of the debate over whether punitive or exemplary damages should be available in arbitration between investors and securities brokers and firms. He critiques relevant proposals by the NASD’s Ruder Commission and examines mechanisms for more effectively addressing the punitive damages issue. This article predates and foreshadows the eventual recognition of the authority of securities arbitrators to award punitive damages.

Keywords: punitive damages, exemplary damages, arbitration awards, NASD arbitration, FINRA arbitration, NYSE arbitration, Securities Industry Conference on Arbitration, investor-broker disputes

Suggested Citation

Stipanowich, Thomas, Punitive Damages and the Consumerization of Arbitration (1997). Northwestern University Law Review, Vol. 92, No. 1, 1997. Available at SSRN: https://ssrn.com/abstract=2061796

Thomas Stipanowich (Contact Author)

Pepperdine University School of Law ( email )

24255 Pacific Coast Highway
Malibu, CA 90263
United States
310-506-4655 (Phone)
310-506-4437 (Fax)

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