November 30, 2010
I urge adoption of SR-FINRA-2010-053. Our firm represents claimants who are victims of abuse or negligence by the securities industry. The presence of an industry arbitrator on a panel creates an image of bias which should be eliminated. Claimants do not understand when they learn that an industry owned organization will hear the case and that one of three arbitrators in every case is a member of the securities industry. Again, I urge adoption of SR-FINRA-2010-053.