Are there any restrictions on the arbitrators who can handle a securities arbitration case?

In Washington, arbitrators handling securities arbitration cases must meet certain qualifications under the law. According to the Washington State Office of Financial Management, any person who is a licensed attorney must have at least 2 years of experience in securities law or at least 5 years of experience in assessing and/or adjudicating securities disputes. Additionally, arbitrators must have a valid license or registration with the Washington Department of Financial Institutions, the Washington State Bar Association or the appropriate federal or state arbitration agency. The arbitrator must also have a valid certificate from the National Association of Securities Dealers. Washington also requires that arbitrators be impartial and free from bias or conflict of interest. This means that an arbitrator cannot have any personal or professional relationships with either party in the securities dispute, including any business or family relationships. Further, any financial or other interests the arbitrator might have in the securities dispute must be disclosed to the parties before the arbitration hearing. Finally, Washington requires that all arbitrators sign a confidentiality agreement, ensuring that all proceedings are kept confidential. This helps to guarantee the privacy and integrity of the arbitration process.

Related FAQs

Are there any restrictions on the arbitrators who can handle a securities arbitration case?

Related FAQs

Related Blog Posts