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The Financial Industry Regulatory Authority is the largest independent regulator for all securities firms doing business in the United States. FINRA's mission is to protect investors by making sure the United States securities industry operates fairly and honestly. As of October 2023, FINRA oversaw 3,394 brokerage firms, 149,887 branch offices ...
The United States Arbitration Act ( Pub. L. 68–401, 43 Stat. 883, enacted February 12, 1925, codified at 9 U.S.C. ch. 1 ), more commonly referred to as the Federal Arbitration Act or FAA, is an act of Congress that provides for non-judicial facilitation of private dispute resolution through arbitration. It applies in both state courts and ...
Arbitration, in the context of the law of the United States, is a form of alternative dispute resolution. Specifically, arbitration is an alternative to litigation through which the parties to a dispute agree to submit their respective evidence and legal arguments to a third party (the arbitrator (s) or arbiter (s)) for resolution.
The Financial Industry Regulatory Authority describes itself as "an independent regulatory organization empowered by the federal government to ensure that America's 90 million investors are ...
For all other arbitrations you initiate, the AAA rules will govern payment of filing fees and the AAA’s and arbitrator’s fees and expenses. Information about filing fees for commercial arbitrations can be found in Section L-3 of AAA’s Commercial Arbitration Rules. If we, instead of you, initiate arbitration, we will pay all filing, AAA ...
The state district court has jurisdiction for arbitration conducted under its arbitration act. Punitive damages vary according to state. Contract is Silent on Rules of Procedure: The arbitration will be conducted utilizing USADR’s Rules of Procedure. Where USADR's rules conflict with governing law, the governing law will prevail.
Arbitration is a formal method of dispute resolution involving a neutral third party who makes a binding decision. The third party neutral (the 'arbitrators', 'arbiters' or ' arbitral tribunal ') renders the decision in the form of an ' arbitration award '. An arbitration decision or award is legally binding on both sides and enforceable in the ...
Arbitration in the United States is governed by the Federal Arbitration Act of 1925 (FAA, codified at 9 U.S.C. 1 et seq.), which requires courts to compel parties who agree to arbitration to participate in binding arbitration, the decision from which is binding upon the parties. Since the passage of the FAA, both state and federal courts have ...