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Investors Recover Losses 59% of Time in Arbitration
In 1998, investors filing arbitrations at the National Association of Securities Dealers (NASD) to recover their investment losses won 59% of the time. This is an increase from 54% in 1996 and 57% in 1997.
Likewise, investors pursuing mediation (a negotiated settlement) at the NASD were successful 83% of the time.
Arbitration filings in December of 1998 were up 11% from the year earlier. The NASD assumes that the cause of the increase is the volatility and the market losses from the summer of 1998.
Source: Wall Street Journal, January 11, 1999
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
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