Here is an interesting blurb from the Report:
“The task force felt that it was important to take up the issue of mandatory arbitration. The mandatory nature of SRO securities arbitration is a defining characteristic of the process that engenders controversy about its fairness. Despite considerable discussion, however, the task force was not able to reach consensus. It concludes that the debate over mandatory securities arbitration is to a large extent a philosophical or policy question about which thoughtful, informed individuals disagree and which the task force cannot settle. The task force therefore decided that it was a better use of its limited time and resources to focus on the current system of FINRA arbitration and propose recommendations to improve it.”
To be continued….
Read the full report here: http://www.finra.org/sites/default/files/Final-DR-task-force-report.pdf