NASD Did Me Wrong, Claims Broker

Ex-Merrill Lynch broker Christopher Pan, has accused the NASD of handing him the short end of the stick in an arbitration case. The New York Post reports that Jeffrey Liddle, a lawyer representing Pan, is accusing Sherri Hughes, a veteran NASD dispute resolution arbitrator, of having ruled on the merits of Pan's claim before his legal team has formally filed documentation related to the arbitration. His charges are based on an e-mail sent by Hughes to two other panelists instructing them to dismiss Pan's defamation claim against Merrill. Liddle claims the problem here is he was denied his well-established right to argue the claim. Arbitration panel are forbidden to discuss case merits before arguments have been made. .