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More Unauthorized Trading Complaints

Traders Magazine, January 2004

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.

Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.tradersmagazine.com

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