FiNRA Arbitration Submission Agreement

FiNRA Arbitration Submission Agreement is a 2-page legal document that was released by the Financial Industry Regulatory Authority (FINRA) and used nation-wide.

FAQ

Q: What is the FiNRA Arbitration Submission Agreement?
A: The FiNRA Arbitration Submission Agreement is a contract that individuals or entities must sign to submit their dispute to arbitration through FiNRA.

Q: What is FiNRA?
A: FiNRA stands for Financial Industry Regulatory Authority, which is a non-profit organization that regulates the securities industry in the United States.

Q: What is arbitration?
A: Arbitration is a process of resolving disputes outside of the court system, where the parties involved submit their case to a neutral third party (arbitrator) who makes a binding decision.

Q: Why would someone choose arbitration over going to court?
A: Some people choose arbitration over going to court because it can be faster, less formal, and more cost-effective.

Q: What types of disputes can be submitted to FiNRA arbitration?
A: FiNRA generally handles disputes related to securities and investments, such as disputes between investors and brokerage firms or between employees and employers in the securities industry.

Q: Do I have to sign the FiNRA Arbitration Submission Agreement to file a claim?
A: Yes, signing the FiNRA Arbitration Submission Agreement is usually a requirement to file a claim for arbitration through FiNRA.

Q: What happens after I sign the FiNRA Arbitration Submission Agreement?
A: After signing the agreement, your dispute will be processed by FiNRA and assigned to an arbitrator for resolution.

Q: Is the decision made in FiNRA arbitration binding?
A: Yes, the decision made in FiNRA arbitration is generally binding and cannot be appealed, except in limited circumstances.

Q: How long does FiNRA arbitration typically take?
A: The duration of FiNRA arbitration can vary depending on the complexity of the case, but it usually takes several months to a year to reach a resolution.

Q: Do I need a lawyer for FiNRA arbitration?
A: While it's not required, it's generally recommended to have a lawyer represent you in FiNRA arbitration, as the process can be complex and having legal guidance can be beneficial.