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11/2008

ADR - New Securities ADR Pilot Launches, Allowing Industry Arbitrator Removal.

November 2008 ADR Brief - The Program - allows parties in this new pilot program to remove industry arbitrators from panels. The Catch - It's a pilot, and broker-dealers will only accept handfuls of these cases over then next few years. Will it improve perception? It already has. Program sign-ups have started flowing in immediately. But are baby steps really necessary? And doesn't this miss the real issue, arbitrator qualifications?

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The ADR brief discusses the ADR's New Securities ADR Pilot Launch that Allows Industry Abritrator Removal by parties but only andfuls of these broker-dealer cases will be allowed.

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