My great friend and former colleague, Barbara Black (Cincinatti), is attending the 15th Institute of Law and Economic Policy (ILEP) conference in Scottsdale, Arizona on “Recoveries for Victims of Securities Fraud.” While she blogged generally about the conference here, she reported to me privately that Elisse Walter, the keynote speaker and a current Commissioner of the Securities and Exchange Commission, mentioned that she is opposed to mandatory arbitration (although that was not the topic of her address). As Barbara observed: “I think that’s the first time a sitting SEC Commissioner has said that.” Barbara and I have written extensively on securities arbitration and the SEC’s support of the process (see some of our recent work at http://ssrn.com/author=485809). Could this presage a shift in the SEC’s current endorsement of mandatory arbitration in the securities industry?
- Jill Gross
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2 responses so far ↓
1 Stan Flatley // May 1, 2009 at 12:16 pm
Wow, interesting pice of info–thanks so much for passing it along! Hopefully comments like that will help bolster the recently reintroduced Feingold bill aimed at ending mandatory arbitration. http://tinyurl.com/cqfzr5 At any rate, thanks so much for the post!
2 Myths of Consumer Protection Law « Disputing // May 4, 2009 at 3:45 pm
[...] A SEC Commissioner Opposes Mandatory Arbitration, Jill Gross, ADR Prof Blog, April 25, 2009. [...]
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