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BUSINESS
April 26, 1992 | KATHY M. KRISTOF
Arbitration has become the only show in town for investors who have disputes with their brokers and brokerage firms. By now, virtually every big investment house in the nation requires investors to sign arbitration contracts agreeing to submit to binding arbitration in the event of a dispute. The brokerages maintain that the process results in quicker settlements, allowing both the investor and the brokerage to avoid a costly and protracted trial. Often arbitration does work just that way.
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BUSINESS
April 26, 1992 | KATHY M. KRISTOF
Arbitration has become the only show in town for investors who have disputes with their brokers and brokerage firms. By now, virtually every big investment house in the nation requires investors to sign arbitration contracts agreeing to submit to binding arbitration in the event of a dispute. The brokerages maintain that the process results in quicker settlements, allowing both the investor and the brokerage to avoid a costly and protracted trial. Often arbitration does work just that way.
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