Question

An arbitration case dealing with a dispute between a customer and a member firm in the amount of $72,000 will be heard byA)one arbitrator, unless FINRA determines three is more appropriate.B)three arbitrators, the majority of whom must be public.C)three arbitrators, all of whom must be public.D)one arbitrator, unless both parties agree to three.

Answer 1

Option D. An arbitration case dealing with a dispute between a customer and a member firm in the amount of $72,000 will be heard by one arbitrator, unless both parties agree to three.

What is meant by arbitration?

By agreement of the parties, a dispute is presented to one or more arbitrators through the arbitration process, who then render an official ruling on the matter. Instead of going to court, the parties choose arbitration as a private conflict settlement process.

a procedure wherein a neutral third party renders an official judgment that resolves a legal dispute without the need for a trial: In commercial disputes, arbitration is frequently favoured by businesses. Arbitration that is required or binds.

Read more on arbitration here: brainly.com/question/4779318

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