TITLE

Securities Arbitration System 'Rigged,' Massachusetts AG Tells Congress

AUTHOR(S)
Hume, Lynn
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/18/2005, Vol. 351 Issue 32093, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Massachusetts Attorney General William E. Galvin urged that control of the system should be taken away from the National Association of Securities Dealers (NASD) and New York Stock Exchange. The hearing was held by subcommittee chairman Representative Richard Baker, at the request of Representative Barney Frank from Massachusetts, the top-ranked Democrat on the full committee, and was prompted by complaints Galvin made about the system under which NASD panels arbitrate disputes involving municipal and other securities.
ACCESSION #
16488331

 

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