United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-04-27 monographic deposited born digital 14 p. GA 1.13:GAO-01-654R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-654R P0b002ee180399673 f:d01654r DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-01-654R machine generated eng fdlp REPORT GAOREPORTS-GAO-01-654R GAO-01-654R Securities arbitration Securities regulation Self-regulatory organizations Brokerage industry Noncompliance Correspondence A00951 The Securities and Exchange Commission (SEC) and securities self-regulatory organizations have taken actions that should help reduce the occurrence of unpaid arbitration awards. However, more time is needed to assess the effectiveness of the actions taken to date. Although recent data suggest that the percentage of unpaid awards has decreased, this data was limited to a very short time span. That data also showed that the problem of unpaid awards was still primarily due to broker-dealers and individual brokers leaving the securities industry without paying awards. The National Association of Securities Dealers-Dispute Resolution, Inc., has developed rule and procedure changes to help address this problem. SEC also plans to continue to monitor the payment of awards and, if nonpayment continues to be a problem, consider other approaches. Insurance coverage of unpaid awards, as proposed by Texas securities attorney William S. Shepherd, could impose additional costs on investors and other market participants and would need to be carefully examined. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-654R/html/GAOREPORTS-GAO-01-654R.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-654R/pdf/GAOREPORTS-GAO-01-654R.pdf GAO-01-654R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-654R Correspondence GAO-01-654R; Evaluation of Steps Taken to Address the Problem of Unpaid Arbitration Awards; Securities arbitration Securities regulation Self-regulatory organizations Brokerage industry Noncompliance