Consumer Complaint Arbitration

                    

There’s a movement afoot to do away with arbitration for many complaints consumers may have where the dollar amounts are relatively small and the legal fees relatively high.

                       

The pressure to do away with arbitration is especially strong in the securities industry where the complaint is about alleged arbitration bias in favor of the industry.

                       

On closer inspection, note the complaints arise from the plaintiff lawyers who are financially hurt when legal disputes can be equitably and cheaply adjudicated without the use of expensive legal assistance.

                                       

There is little evidence of bias where the consumer or investor has been hurt by the arbitration process. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)