Recent NASD arbitration awards reinforce securities brokers' rights as employees. (National Association of Securities Dealers)

From: Los Angeles Business Journal | Date: September 16, 1996| Author: Blumenfeld, Michael | Copyright information

In an era of intense scrutiny by the courts and society, in general, of employer-employee relationships and interaction in the workplace, the securities industry has managed to limit the exposure and accountability to which employers within virtually every other industry in this country have been subjected. This has resulted not from mere happenstance, but through concerted action by brokerage firms, which more than a century ago first created a system to arbitrate all disputes and, t...

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