How do I file FINRA arbitration?
Effective August 22, 2016, filing an arbitration claim online is performed using the FINRA DR Portal.
- Complete an online Claim Information Form;
- Submit a Statement of Claim, signed Submission Agreement, and other supporting documentation electronically,*
- Pay the filing fee online;
How do I file an arbitration case?
Step by step guide to arbitration
- Step 1 Show details. Claimant. Appoints its arbitrator, pays the registration fee and files its request for arbitration.
- Step 2 Show details. Claimant.
- Step 3 Show details. SCC.
- Step 4 Show details. Claimant.
- Step 5 Show details. The Arbitral Tribunal.
- Step 6 Show details. The Arbitral Tribunal.
Does FINRA require arbitration?
An investor must arbitrate at FINRA if: The arbitration is required by written agreement; The dispute is with a member of FINRA, which could be a broker and/or brokerage firm; and. The dispute involves the securities business of the broker and/or brokerage firm.
How long does the arbitration process take?
around three months
A typical arbitration timeline can take around three months to reach a final decision.
How does FINRA arbitration work?
The parties and arbitrators meet in person to conduct the hearing in which the parties present arguments and evidence in support of their respective cases. After the conclusion of the hearing, the arbitrators deliberate the facts of the case and render a written decision called an award.
Who can use FINRA arbitration?
FINRA cannot offer legal advice or legal representation to anyone. Investors can file an arbitration claim or request mediation through FINRA when they have a dispute involving the business activities of a brokerage firm or one of its brokers.
How long is a FINRA hearing session?
four hours
Hearing Session Fees The fees arbitrators assess to parties for each hearing session. A hearing session is any meeting between the parties and arbitrator(s) of four hours or less, including a hearing or a prehearing conference. Thus, two hearing sessions may be held in one day.
What is the difference between FINRA and Arbitration?
The decision-makers are called arbitrators. Awards are rendered by independent arbitrators who are chosen by the parties to issue final, binding decisions. FINRA makes available an arbitration forum—pursuant to rules approved by the SEC—but has no part in deciding the award.
What is the preferred method of filing with the FLRA?
These forms are built in to the FLRA’s eFiling system, which is the preferred method of filing. We also provide those forms below in the event that you wish to complete them using Adobe or Word, and then upload them into the eFiling system.
How do I file exceptions to arbitration awards and oppositions?
The Authority has created forms that are templates for filing exceptions to arbitration awards and oppositions to arbitration exceptions. These forms are built in to the FLRA’s eFiling system, which is the preferred method of filing.
What is arbitration and how does it work?
Arbitration is a method of resolving a dispute between two or more parties by neutral, qualified individuals, who serve as decision-makers after weighing the facts of each case presented. The decision-makers are called arbitrators. Awards are rendered by independent arbitrators who are chosen by the parties to issue final, binding decisions.