Subject: File No. SR-FINRA-2010-053
From: John Lox

December 3, 2010

You MUST eliminate the industry arbitrator that serves on every FINRA panel What an unfair bias

How did this rule ever become a practice? No transparency no accountability...the industry should be ashamed.

It is bad enough to have a dishonest broker but the system should be one that all participants TRUST. The current system is NOT TRUSTWORTHY and singularly biased toward the industry players.

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