Exercise

Circle the word(s) that make(s) 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/awarded] in an arbitration dispute.

4.Arbitration is always [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 no