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
|Type of Case||2002||2003|
|Breach of Fiduciary Duty||4,236||5,565|
|Failure to Supervise||2,633||3,230|
|Omission of Facts||1,178||1,949|