QUESTIONING THE FAIRNESS OF SECURITIES ARBITRATION

Earlier this year, the New York Times ran an article on its online page questioning the fairness of securities arbitration.  The author of the article, Gretchen Morgenson, was particularly concerned with the process used in selecting the members of the arbitration panel.  According to Morgenson, "The problem is that the potential arbitrators are trusted to volunteer their own possible conflicts of interest."  (Gretchen Morgenson, When Arbitrators Are Their Own Judges, nytimes.online, August 12, 2007). http://www.nytimes.com/2007/08/12/business/yourmoney/12ref.html?_r=1&adxnnl=1&oref=slogin&adxnnlx=1186936010-MHLLecVoZFBF6OPenC0Qfg

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