Dispute Resolution Statistics
New Case Filings through April: |
2010 | 2011 | 2012 | 2012 vs 2011 |
1,997 | 1,703 | 1,537 | -10% |
Number of Cases Closed through April: |
2010 | 2011 | 2012 | 2012 vs 2011 |
1,949 | 2,102 | 1,800 | -14% |
Turnaround Time* (in months) through April: |
| 2010 | 2011 | 2012 | 2012 vs 2011 |
Overall | 12.0 | 14.2 | 14.8 | 4% |
Hearing Decisions | 14.8 | 15.9 | 16.8 | 6% |
Simplified Decisions | 6.3 | 6.1 | 7.3 | 20% |
* The timing of the arbitration process is heavily influenced by Code of Arbitration Procedures time limits, the parties, and the panel. |
Mediation Cases in Agreement through April: |
2010 | 2011 | 2012 | 2012 vs 2011 |
298 | 232 | 212 | -9% |
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| 2010 | 2011 | 2012 | 2012 vs 2011 |
Cases Closed | 262 | 227 | 286 | 26% |
Percent Settled | 85% | 84% | 77% |
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2010 | 2011 | 2012 | 2012 vs 2011 |
88 | 104 | 115 | 11% |
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*Each case can be coded to contain multiple controversy types. Therefore the columns in this table cannot be totaled to determine the number of cases served in a year. |
Type of Security* | 2008 | 2009 | 2010 | 2011 | April 2012 |
Corporate Bonds | 163 | 373 | 239 | 179 | 43 |
Certificates of Deposit | 31 | 71 | 41 | 31 | 16 |
Mutual Funds | 1,069 | 1,556 | 863 | 652 | 157 |
Options | 149 | 275 | 161 | 161 | 48 |
Common Stock | 773 | 1,367 | 862 | 838 | 250 |
Limited Partnerships | 33 | 73 | 80 | 104 | 25 |
Annuities | 236 | 300 | 208 | 172 | 47 |
Preferred Stock | 115 | 481 | 232 | 197 | 40 |
Variable Annuities** | 47 | 300 | 279 | 212 | 79 |
Derivative Securities** | 801 | 607 | 228 | 54 | 4 |
Auction Rate Securities** | 299 | 276 | 149 | 80 | 27 |
*Each case can be coded to contain multiple security types. Therefore the columns in this table cannot be totaled to determine the number of cases served in a year. |
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Cases Decided by Arbitrators | 2008 | % of Cases | 2009 | % of Cases | 2010 | % of Cases | 2011 | % of Cases | April | % of Cases | |
After Hearing | 721 | 19% | 839 | 18% | 1,143 | 19% | 1,065 | 18% | 324 | 18% | |
After Review of Documents | 176 | 5% | 310 | 7% | 258 | 4% | 211 | 3% | 58 | 3% | |
Total | 897 | 24% | 1,149 | 25% | 1,401 | 23% | 1,276 | 21% | 382 | 22% | |
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Cases Resolved by Other Means | 2008 | % of Cases | 2009 | % of Cases | 2010 | % of Cases | 2011 | % of Cases | April | % of Cases | |
Direct Settlement by Parties | 1,779 | 47% | 2,170 | 47% | 3,139 | 51% | 2,998 | 50% | 887 | 50% | |
Settled Via Mediation | 384 | 10% | 322 | 7% | 590 | 10% | 594 | 10% | 182 | 10% | |
Withdrawn | 421 | 11% | 598 | 13% | 621 | 10% | 708 | 12% | 149 | 8% | |
All Others* | 279 | 7% | 358 | 8% | 377 | 6% | 464 | 8% | 160 | 9% | |
Total | 2,863 | 76% | 3,448 | 75% | 4,727 | 77% | 4,764 | 79% | 1,378 | 78% | |
*All Other reasons for closed includes cases closed by: Stipulated Award, Bankruptcy of Critical Party; Uncured Deficient Claim; Forum Denied; Stayed by Court Action, etc. Note cases counted as closed in this report do not include those cases that closed and were then reopened. |
Year Decided | All Customer Claimant Cases Decided (Hearings & Paper) | Percentage Decided of All Customer Claimant Cases Closed | Percentage (and Number) of Cases Where Customer Awarded Damages* |
2007 | 671 | 18% | 37% (245 cases) |
2008 | 474 | 20% | 42% (199 cases) |
2009 | 669 | 21% | 45% (304 cases) |
2010 | 882 | 20% | 47% (415 cases) |
| 2011** | 670 | 16% | 44% (297 cases) |
| 2012 | 214 | 17% | 49% (104 cases) |
* Percentage of customer claimant award cases reflects only instances in which investors as claimants recovered monetary damages or non-monetary relief.
** In 2011, approximately 74 percent of customer claimant cases resulted, through settlements or awards, in monetary or non-monetary recovery for the investor.
This report lists all available arbitrators by Non-Public and Public Type.
Arbitrator Type | Total |
Public | 3,572 |
Non-Public | 2,878 |
Total | 6,450 |