{"id":4539,"date":"2007-12-20T00:15:46","date_gmt":"2007-12-20T00:15:46","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/12\/nasaa_calls_for_voluntary_secu"},"modified":"2022-03-25T15:05:52","modified_gmt":"2022-03-25T20:05:52","slug":"nasaa-calls-for-voluntary-secu","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/","title":{"rendered":"NASAA Calls for Voluntary Securities Arbitration System"},"content":{"rendered":"<p>\t\t\t\tOn December 12, The North American Securities Administrators Association told the Senate Judiciary Constitution Subcommittee says that it is calling for a voluntary securities arbitration system. NASAA also approves of the proposed Arbitration Fairness Act (S. 1782). <\/p>\n<p>NASAA says that right now, nearly every broker-dealer has to include a pre-dispute arbitration provision in its customer agreements that says public investors must submit any disputes with a firm and its associates to an arbitrator. <\/p>\n<p>Illinois Secretary of State and Illinois Securities Director Tanya Solov says that mandatory arbitration is unfair to investors and that the securities arbitration system should be voluntary. Currently, arbitration panels are made up of one mandatory securities industry representative and public arbitrators that may have connections to the securities industry. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/\"  title=\"Continue Reading NASAA Calls for Voluntary Securities Arbitration System\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On December 12, The North American Securities Administrators Association told the Senate Judiciary Constitution Subcommittee says that it is calling for a voluntary securities arbitration system. NASAA also approves of the proposed Arbitration Fairness Act (S. 1782). NASAA says that right now, nearly every broker-dealer has to include a pre-dispute arbitration provision in its customer [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3798],"tags":[],"class_list":["post-4539","post","type-post","status-publish","format-standard","hentry","category-arbitration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NASAA Calls for Voluntary Securities Arbitration System &#8212; Investor Lawyers Blog &#8212; December 20, 2007<\/title>\n<meta name=\"description\" content=\"On December 12, The North American Securities Administrators Association told the Senate Judiciary Constitution Subcommittee says that it is calling for a &#8212; December 20, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NASAA Calls for Voluntary Securities Arbitration System &#8212; Investor Lawyers Blog &#8212; December 20, 2007\" \/>\n<meta name=\"twitter:description\" content=\"On December 12, The North American Securities Administrators Association told the Senate Judiciary Constitution Subcommittee says that it is calling for a &#8212; December 20, 2007\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NASAA Calls for Voluntary Securities Arbitration System &#8212; Investor Lawyers Blog &#8212; December 20, 2007","description":"On December 12, The North American Securities Administrators Association told the Senate Judiciary Constitution Subcommittee says that it is calling for a &#8212; December 20, 2007","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/","twitter_card":"summary_large_image","twitter_title":"NASAA Calls for Voluntary Securities Arbitration System &#8212; Investor Lawyers Blog &#8212; December 20, 2007","twitter_description":"On December 12, The North American Securities Administrators Association told the Senate Judiciary Constitution Subcommittee says that it is calling for a &#8212; December 20, 2007","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"NASAA Calls for Voluntary Securities Arbitration System","datePublished":"2007-12-20T00:15:46+00:00","dateModified":"2022-03-25T20:05:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/"},"wordCount":351,"articleSection":["Arbitration"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/","url":"https:\/\/www.investorlawyers.com\/blog\/nasaa-calls-for-voluntary-secu\/","name":"NASAA Calls for Voluntary Securities Arbitration System &#8212; 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