The Wall Street Cartel- Get rid of their private justice system...
"Today, if you want to become a customer of the largest Wall Street firms, it requires that you to sign away your rights to access the nation’s courts and use Wall Street’s court instead – the Financial Industry Regulatory Authority’s (FINRA) dispute resolution program. This is a program where transparency dies.
There is no ability to see a repetitive pattern of fraud because claims are not heard in an open courtroom. Typically, the press is barred from the proceedings. Case law and legal precedent are not required to be followed. Brief decisions are written by an arbitrator which rarely provide the public with adequate insight into the full details of the dispute or any legal rationale for the decision. There have been numerous charges in the past that arbitrators who give a large award to a plaintiff against a Wall Street firm are blackballed from serving in the future.
On July 20, 2000 the Public Investors Arbitration Bar Association (PIABA) issued a statement charging the predecessor to FINRA, another self-regulatory body known as the National Association of Securities Dealers (NASD), with rigging its computerized system of selecting arbitrators. PIABA stated that: “In direct and flagrant violation of federal law, the NASD systematically evaded the Securities and Exchange Commission approved ‘Neutral List Selection System’ arbitration rule requiring arbitrators to be selected on a rotating basis. Instead, the NASD secretly programmed its computers to select some arbitrators on a seniority basis – just what the rule was designed to prevent.”
Arbitrators serve as judge and jury in deciding whether Wall Street can fleece the public with impunity. Rigging the judge and jury pool is indeed a serious matter."
http://wallstreetonparade.com/
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