Pennsylvania + Wall


Pennsylvania + Wall provides commentary on a broad range of current financial, economic and regulatory reform topics. The views expressed are those of the authors, and do not necessarily reflect the position of SIFMA.

May 27, 2015

Wealth Management: Why Banning Mandatory Securities Arbitration Would be a Mistake

By Kevin Carroll

Kevin Caroll

The following Op Ed was originally published in on May 27, 2015.

Arbitration in the securities industry – between broker-dealers and their customers – wasn’t always mandatory.

In 1972, the predecessor to FINRA created a rule that compelled broker-dealers to arbitrate if demanded by the customer. That rule continues today as FINRA Rule 12200.

The rule is based on the belief – true then and still true over four decades later – that many customers will want to arbitrate and will benefit from arbitration..... Read more...

May 26, 2015

The New York Times: Fighting Cyberattacks - A Financial Industry View

By: Kenneth E. Bentsen, Jr.

LEI EventTo the Editor:

Re “Shortcomings of Cybersecurity Bills” (editorial, May 14):

The “shortcomings” referred to in this editorial are in fact critically important legislative fixes that will empower businesses and government agencies with the best information to protect consumers and stay ahead of the rapidly evolving and increasingly malicious nature of cyberattacks.

Businesses and government need the ability to learn from each other regarding the nature and location of cyberattacks. This sharing of information will enable the public and private sectors to continually improve network security and protect Americans’ information from cybercriminals..... Read more...



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