Commentary

Jos Schmidt
Traders Magazine Online News

Reducing the Regulatory Burden on Public Companies, Yes Please But...

In this commentary, NEO's Jos Schmidt discusses regulatory requirements and needs in the Canadian equity markets.

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February 1, 2004

More Unauthorized Trading Complaints

By Gregory Bresiger

Arbitration cases are on the rise. The most frequently cited reason for filing is the allegation of a breach of fiduciary duty. That's according to the NASD, which released its year-end numbers on dispute resolutions. There were also some 930 complaints over unauthorized trading in 2003 compared to 884 in 2002. Overall, the total number of arbitration cases were just under 9,000 last year. That was a 16 percent increase compared to the previous year.