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Finally, a Rational Analysis of "Mandatory" Arbitration

By Mark H. Astarita, Esq.

While his brethren at the claimant's bar shout for the end of mandatory arbitration in securities disputes, Seth Lipner, a well known and respected customer attorney,former PIABA President, and law professor, has entered the "mandatory" arbitration fray, and hit the nail on the head in his column at Forbes.com.In his column, Should Securities Arbitration be Mandatory? Seth is correct, and not just because he agrees with me. I have sung the praises of securities arbitration for decades, and have blogged about the recent move to end securities arbitration and problems with the process as FINRA tinkers with it. The posts here, here, here, here and here. Or just click on the "Arbitration" category in the right hand margin for all of the posts.Mandatory arbitration in the securities industry did not start with Shearson vs...continue to full post

Full post as published by SECLaw.com on June 30, 2009 (boomark / email).