What is the process for selecting a securities arbitration panel?

Securities arbitration panels in Texas must be selected to ensure fairness and impartiality to all parties involved in a dispute. The Texas State Securities Board oversees the process for selecting a panel. The process begins with the parties involved in a dispute filing a request with the Securities Board. This request must include an outline of the dispute as well as the parties involved. Once the Securities Board receives this request, they will review the information and contact the parties to discuss the case. The Securities Board is responsible for appointing an arbitrator to each dispute. This arbitrator must be a member of the Texas Bar Association and must not have any prior links to the parties or the dispute. The arbitrator is responsible for selecting the rest of the panel. This panel is usually comprised of two to three additional members. The additional members of the panel must also meet certain criteria in order to ensure impartiality. These criteria include qualifications, experience, and availability to hear the case. Once the panel has been selected, the arbitrator will contact the parties to inform them of the decision. The process for selecting a securities arbitration panel in Texas ensures that all parties involved in the dispute receive a fair hearing. The Texas State Securities Board oversees the entire process to guarantee fairness and impartiality for all parties.

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What is the process for selecting a securities arbitration panel?

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