The following is a statement from William Beatty, Washington Securities Director and president of the North American Securities Administrators Association (NASAA) regarding the Public Investors Arbitration Bar Association’s (PIABA) report, “The Importance of Arbitrator Disclosure.”

“NASAA has consistently raised concerns about the mandatory predispute resolution process and the report issued by PIABA notes additional important issues related to arbitrator disclosure and transparency that merit further review. NASAA continues to support the Investor Choice Act, introduced by Rep. Keith Ellison (D-MN) and supported by 30 House members, which would provide investors an opportunity to seek resolution of their claims through the court system.”

For More Information:
Bob Webster | Director of Communications
202-737-0900

 

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