The changes will divide the current code into three codes: the customer code, the industry code, and the mediation code. The creation of three separate codes is intended to eliminate confusion over which rules apply to which disputes.
NASD DR also seeks to remove conflicts of interest among arbitrators by allowing only people without significant securities industry experience to serve as public arbitrators. Public arbitrators decide cases between broker-dealers and investors.
There have been
The week on Risk.net, July 14–20, 2017Receive this by email