Procedures for Updating Arbitrator Disclosure Information

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

Additional Materials:


Richard J. Hillman
(202) 512-3000


Office of Public Affairs
(202) 512-4800

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.

Sep 4, 2015

Jul 30, 2015

Jul 27, 2015

Jun 25, 2015

Jun 11, 2015

May 22, 2015

May 5, 2015

Apr 30, 2015

Apr 15, 2015

Apr 6, 2015

Looking for more? Browse all our products here