| Monday, January 8, 2007
Herb Perone (202) 728-8464
NASD Unveils Free Arbitration Awards Online Database; Award Searches Now Faster and Easier
Washington, DC — NASD today unveiled its newly developed NASD Arbitration Awards Online database. The database's enhanced search capability enables users to search for awards by case number, by keywords within awards, by arbitrator names, by date ranges set by the user and by any combination of those features. Arbitration Awards from January 1989 through the present will be available in the new database.
"Searches are free, unlimited, quick and simple," said NASD Dispute Resolution President Linda Fienberg. "Because of the database's state-of-the-art search capability`, users are able to find the awards they're looking for with unprecedented ease using multiple criteria."
Arbitration awards can be viewed online, printed or downloaded as text-searchable PDF files. The awards will be posted to the site within a week of being served on the parties.
The new Arbitration Awards Online system can be accessed at www.nasd.com, through the Get Arbitration Awards link under the Arbitration and Mediation button.
Paper copies of arbitration awards will still be available directly from NASD by calling the Arbitration Awards Toll-Free Hotline at (866) 689-0849.
The new database, which is available online now, will soon replace the search tool NASD has offered through its Web site since 2001, using the services of an outside vendor.
NASD Dispute Resolution is the largest securities dispute resolution forum in the world. NASD facilitates the efficient resolution of monetary, business, and employment disputes between investors, securities firms, and employees of securities firms by offering both arbitration and mediation services through a network of hearing locations across the United States, Puerto Rico, and in London.
NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. NASD touches virtually every aspect of the securities business - from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and member firms.