Procedures for Updating Arbitrator Disclosure Information

GAO-01-162R: Published: Nov 9, 2000. Publicly Released: Dec 4, 2000.

Additional Materials:

Contact:

Richard J. Hillman
(202) 512-3000
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

The National Association of Securities Dealers (NASD) subsidiary, NASD Dispute Resolution (DR), failed to update its arbitrator disclosure system in a timely manner. As a result, several parties in an arbitration did not receive timely information on their arbitrator. To reduce the potential for further errors, NASD-DRplans to: (1) introduce a form that will allow arbitrators to submit updated information electronically, and (2) centralize processing of the information in itsDepartment of Neutral Management. In 1992 and 1998, NASD-DR also used other measures to ensure that arbitrator background information was current. Because NASD-DR has made these changes and plans to make additional improvements to its procedures for updating arbitrator disclosure information, GAO is not making any further recommendations at this time.

Nov 15, 2016

Nov 10, 2016

Nov 4, 2016

Oct 17, 2016

Oct 6, 2016

Sep 29, 2016

Sep 6, 2016

Jul 25, 2016

Jul 5, 2016

Looking for more? Browse all our products here