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The Public Investors Advocate Bar Association (PIABA) found that 24% of money awarded last year went unpaid; the group argues the problem of unpaid arbitration awards could get even worse in a down market.
David Komansky served as Merrill Lynch CEO from 1996 to 2002, a time in which the wirehouse added to its network of retail brokers in Japan, Canada and Australia, making the firm’s share of revenue from non-U.S. sources higher than at any of its...