FSI's Brown supports FINRA arbitration but wants to see changes

06/13/2013 | InvestmentNews (free registration)

Speaking at a recent industry event, FSI President and CEO Dale Brown said he supports FINRA's mandatory arbitration but would like to see changes implemented to improve the system. Brown believes the arbitration panels must be more consistent in their rulings and must encourage the involvement of industry representatives on the panels. "Industry participants bring a perspective on how things really work, and I think add to the fairness of the proceedings for investors," Brown said.

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