The Explained Award of Damocles: Protection or Peril in Securities Arbitration

34 Securities Regulation Law Journal 17 (2006)

13 Pages Posted: 23 Feb 2015

See all articles by Barbara Black

Barbara Black

University of Cincinnati - College of Law

Jill Gross

Pace Law School

Date Written: 2006

Abstract

This article examines the NASD's proposal to change its Code of Arbitration Procedure to require NASD arbitrators to write explained awards upon the customer's request. The article evaluates the pros and cons of the proposal, and the policy reasons why such a rule change might be desirable. The authors conclude that it is unclear whether the proposal will increase investor protection and enhance perceptions of fairness, though, if adopted, it will add transparency and investor choice to the arbitration process.

Keywords: arbitration, securities arbitration, arbitration awards

Suggested Citation

Black, Barbara and Gross, Jill, The Explained Award of Damocles: Protection or Peril in Securities Arbitration (2006). 34 Securities Regulation Law Journal 17 (2006). Available at SSRN: https://ssrn.com/abstract=2568234

Barbara Black

University of Cincinnati - College of Law ( email )

P.O. Box 210040
Cincinnati, OH 45221-0040
United States

Jill Gross (Contact Author)

Pace Law School ( email )

78 North Broadway
White Plains, NY 10603
United States

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