The Securities and Exchange Commission moved toward...

The Securities and Exchange Commission moved toward increasing the fairness of the security industry’s arbitration of disputes between disgruntled investors and stock brokers. The SEC seeks revisions in the Uniform Code of Arbitration in an effort to reduce potential conflicts of interest for arbitrators and ensure the fairness of the system. The key change would remove anyone with professional ties to securities industries from the roster of public arbitrators. Arbitration panels typically have one member from the industry and two public members.