Exercise
Circle the word(s) that makes the statement correct.
- 1. Customers, member firms, and associated persons [have/do not have] the authority to bring punitive action against other member firms or associated persons.
- 2. Claims alleging discrimination or sexual harassment and class actions claims are [exempt from being/required to be] arbitrated.
- 3. Monetary awards are [prohibited/confined] in an arbitration dispute.
- 4. Arbitration is [mandatory/not mandatory] when the case involves customers.
- 5. A nonpublic arbitrator [can/cannot] be employed by the securities industry, while a public arbitrator [can/cannot].
- 6. A panel will [not always/always] consist of three arbitrators.
- 7. Arbitrators [are/are not] required to provide a rationale with their final decision.
- 8. A simplified arbitration [only/does not] require(s) a prehearing.
- 9. Mediations [are/are not] disclosed to