An organization consisting primarily of state regulators called on the Securities and Exchange Commission to stop allowing brokers to require mandatory arbitration as a means to settle disputes with clients. However, the arbitration system has many defenders in the securities industry. "It's faster and cheaper than court, and it delivers fair, transparent and merit-based outcomes for all investors," said Ira Hammerman, SIFMA's general counsel. Learn more at SIFMA's Pre-Dispute Arbitration Resource Center.

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