What is the role of the FINRA arbitration department?

The Financial Industry Regulatory Authority (FINRA) arbitration department plays a key role in overseeing the securities industry. This department’s primary purpose is to provide a fair and efficient forum for resolving securities-related disputes. FINRA’s arbitration department is responsible for overseeing the settlement and resolution of investor complaints in the securities industry. In order to protect investors, the FINRA arbitration department requires that all securities firms and brokers registered with the organization agree to mandatory arbitration when resolving disputes with their customers. This means that the parties in a securities dispute are required to go through the FINRA arbitration process instead of filing a lawsuit in a court of law. This arbitration process is designed to limit the costs and time involved in litigating a dispute. The FINRA arbitration department also provides guidance to both parties in a securities-related dispute, and offers services such as mediation, negotiation, and appraisal. In addition, the FINRA arbitration department requires all arbitrators involved in securities disputes to abide by its Code of Arbitration, which sets forth the rules and regulations that must be followed during the arbitration process. In Kansas, the FINRA arbitration department has become a vital resource for investors and securities firms alike. The department serves to protect consumers by providing a fair and efficient forum for resolving disputes, and its rules and regulations help ensure that the arbitration process is conducted fairly and in accordance with applicable securities law.

What is the role of the FINRA arbitration department?

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