PaineWebber, Inc. v. Webb

— Order unanimously modified on the law and as modified affirmed without costs, in accordance with the following memorandum: The agreement between petitioner, a stockbroker, and respondent, its customer, provided that all controversies between the parties shall be determined by arbitration “in accordance with the rules in effect of either the New York Stock Exchange, Inc., American Stock Exchange, Inc., National Association of Securities Dealers, Inc. or where appropriate, the Chicago Board Options Exchange or National Futures Association, as the undersigned [customer] may elect.” The rules…