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

A securities arbitration panel and a FINRA (Financial Industry Regulatory Authority) panel are both panels of individuals who have the authority to make decisions related to securities law. However, there are some important differences between them. A securities arbitration panel is composed of people who are appointed by either an arbitration chamber or a legal panel. These people can be attorneys or financial specialists who understand securities law and can make decisions regarding disputes between two parties. They are not employed by any one entity and are considered to be unbiased judicators. A FINRA panel, on the other hand, is a panel of regulators and experts who are employed by the FINRA. They are responsible for resolving disputes between securities firms and their customers. These panels are typically composed of individuals who are knowledgeable about the securities markets and have experience working in the financial industry. In Kansas, both types of panels are allowed to hear disputes related to securities arbitration law. The choice of which panel to use is determined by the parties involved in the dispute. They may choose between a securities arbitration panel or a FINRA panel depending on which type of panel they feel is better suited to resolve their dispute.

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

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