16 Pages Posted: 8 Feb 2016 Last revised: 22 Jul 2016
Date Written: February 7, 2016
This article explores the history of arbitration in the securities industry, focusing on the right of customers to demand arbitration of broker-dealer disputes. The article argues that, rather than depicting FINRA arbitration as an alternative dispute resolution process offering a level playing field, FINRA, as well as industry and investor advocates, should recall and reinforce the historical basis of securities arbitration as a mechanism to protect investors.
Keywords: securities regulation, arbitration, forum selection clause
JEL Classification: K22
Suggested Citation: Suggested Citation
Gross, Jill, The Historical Basis of Securities Arbitration as an Investor Protection Mechanism (February 7, 2016). Journal of Dispute Resolution 171, 2016. Available at SSRN: https://ssrn.com/abstract=2728978