What is the difference between a securities arbitration panel and a FINRA panel?

Securities arbitration panels and FINRA panels are both used in securities arbitration law in Florida. However, these two types of arbitration panels serve different functions. A securities arbitration panel is composed of three members appointed by an arbitration organization or commission to resolve disputes between members or participants of the securities industry. These members are usually securities or industry experts and they are responsible for determining what actions or remedies are necessary to resolve the dispute. The parties involved in the dispute may suggest individuals to serve on the arbitration panel, however, the decision to appoint the members rests with the arbitration organization or commission. A FINRA panel, on the other hand, is composed of members of the Financial Industry Regulatory Authority (FINRA). This organization is responsible for overseeing the activities of securities firms and brokers. The members of the FINRA panel are responsible for making decisions about the behavior of firms and brokers and determining potential disciplinary actions. Unlike securities arbitration panels, FINRA panel members are not appointed by any other organization or commission and are selected from the ranks of FINRA employees. In conclusion, a securities arbitration panel and a FINRA panel serve different functions in securities arbitration law in Florida. A securities arbitration panel is appointed by an arbitration organization or commission and is responsible for resolving disputes between members or participants of the securities industry. A FINRA panel, on the other hand, is composed of members of the Financial Industry Regulatory Authority and is responsible for making decisions about the behavior of firms and brokers.

What is the difference between a securities arbitration panel and a FINRA panel?

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