SICA, arbitration, dispute resolution


The following is a Report prepared by the Securities Industry Conference on Arbitration ("SICA" or "Conference") concerning non-attorney representation in arbitration. The report is the result of a study, conducted by SICA over the past two years, on the practices and activities of individuals and organizations ("Non-Attorney Representatives" or "NARs") that provide public customers an alternative to representation by attorneys in disputes between customers and broker/dealers. The study was prompted by complaints concerning the quality of such representation; and, raised questions as to whether the activities of NARs constituted the unauthorized practice of law, and whether the interests of investors might be jeopardized or compromised by such representation. In addition, there were concerns raised regarding the fact that some NARs employ misleading and inaccurate advertising, and that some NARs had been barred from working in the securities industry by one or more regulatory bodies for violation of the securities law, rules and regulations. This Report outlines the manner in which SICA studied the issue of non-attorney representation, the arguments made both in favor and opposed to non-attorney representation, and SICA's conclusions and recommendations.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.