Appellants seek to vacate the unanimous award of a panel of three arbitrators based upon the failure of one of the arbitrators to disclose that his brother, an independent securities broker, transacted substantial business through a clearing house that was wholly owned by the petitioner's parent company, Merrill Lynch Pierce Fenner & Smith. Not all undisclosed relationships will result in disqualification or provide a basis to vacate an arbitration award for the appearance...
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