Arb-omination

With scandals continuing to dominate the news and broker/dealers under more fire from the investing public, it come as little surprise that arbitration figures rose again in 2003. According to the NASD, 2003 brought more arbitrations than any year in a decade by far. WHY THEY'RE SUING Most types of complaints rose in 2003, especially those related to breaches of fiduciary duty and negligence. Type

Mar 01, 2004

With scandals continuing to dominate the news and broker/dealers under more fire from the investing public, it come as little surprise that arbitration figures rose again in 2003. According to the NASD, 2003 brought more arbitrations than any year in a decade — by far.

WHY THEY'RE SUING

Most types of complaints rose in 2003, especially those related to breaches of fiduciary duty and negligence.
Type of Case	2002	2003
Breach of Fiduciary Duty	4,236	5,565
Negligence	2,522	3,500
Misrepresentation	2,623	3,280
Failure to Supervise	2,633	3,230
Unsuitability	2,644	3,198
Omission of Facts	1,178	1,949
Unauthorized Trading	930	789
Source: NASD

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