ADR – New Securities ADR Pilot Launches

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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