What is the role of the FINRA arbitration department?

The Financial Industry Regulatory Authority (FINRA) Arbitration Department plays an essential role in the enforcement of securities arbitration law in Florida. The FINRA Arbitration Department is responsible for hearing, deciding, and administering all disputes involving securities arbitration in the state. The FINRA Arbitration Department sets the rules of arbitration proceedings and administers the process from start to finish. They will also collect fees and expenses associated with arbitration from the parties involved. In addition, the department assists parties in preparing the necessary documents, such as the arbitration claim and the arbitration award. The FINRA Arbitration Department also ensures that all applicable laws and regulations are followed by both parties and that the process is conducted fairly. They will investigate accusations of fraud, abuse, and other misconduct to protect parties from unfairness. The FINRA Arbitration Department has the power to make binding decisions and orders in arbitrations, which can be enforced in court if necessary. The department also offers assistance to those seeking resolution of their disputes without going to court through alternative dispute resolution options, such as mediation and negotiation. By providing impartial and fair arbitration, the FINRA Arbitration Department helps to protect the rights of investors in Florida and to ensure that securities laws are followed appropriately.

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What is the role of the FINRA arbitration department?

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