SIA Submits Comments to the SEC on a Proposed Code of Arbitration Procedure for Customer Disputes
Published on:
July 13, 2005
The Arbitration and Litigation Committee of the Securities Industry Association (SIA)* provides comments to the Securities and Exchange Commission (SEC)on a proposal by theNationalAssociation of Securities Dealers, Inc. (NASD) for acode of arbitration procedure for customer disputes, File No. SR-NASD-2003-158. SIA generally supports the proposed code, but offers constructive comments on areas where the code could be improve including certain terms in the rule; and the sanctions provision in the rule.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.