This Report to the Securities Industry Conference on Arbitration (SICA) documents the results of the authors' empirical study, through a one-time mailed survey, of survey participants' perceptions of fairness of securities Self-Regulatory Organization (SRO) arbitrations involving customers. The...

Arbitration in securities industry-sponsored forums is the primary mechanism to resolve disputes between investors and their brokerage firms. Because it is mandatory, participants debate its fairness, and Congress has introduced legislation to ban pre-dispute arbitration clauses in customer...

This article addresses an issue of securities arbitration that has largely gone unexamined: whether arbitrators have to apply the law in deciding customers' disputes with their brokers. Because of the Supreme Court's 1987 opinion in Shearson/American Express v. McMahon, most customers' disputes...

This article details the interdisciplinary collaboration that the authors conceived, designed and implemented between Pace Law School's Securities Arbitration Clinic and graduate students in Pace's Business School. The clinic provides free legal representation to small investors who have...

In light of the twentieth anniversary of the Supreme Court's decision in Shearson v. McMahon enforcing a pre-dispute arbitration clause in a brokerage customer's account agreement, the author revisits the assumptions of the McMahon Court supporting its conclusion that arbitration is fair to...

No matter what area of law students might end up practicing, dispute resolution and practical problem solving (“ADR” and PPS) will play a central role. Litigators resolve far more cases through voluntary processes than through trial. Transactional lawyers negotiate the terms of a deal....

This article examines the NASD's proposal to change its Code of Arbitration Procedure to require NASD arbitrators to write explained awards upon the customer's request. The article evaluates the pros and cons of the proposal, and the policy reasons why such a rule change might be desirable. The...

This article explores the birth. life and possible death of the securities arbitration clinic (SAC), a law school clinic in which students represent investors of modest means in arbitrable securities disputes with their broker-dealers. The article first describes the history of the SAC, how a...