Khung pháp lýCâu 393 / 398
In a FINRA arbitration involving a public customer, which statement is generally TRUE about the outcome?
a.The decision can be freely appealed and retried in state court
b.The arbitrators must always include a majority of industry members
c.Only monetary damages up to $10,000 may be awarded
d.The arbitration award is final and binding with very limited grounds to challenge it
Giải thích
FINRA arbitration awards are final and binding, and courts will overturn them only on very narrow grounds such as fraud or arbitrator misconduct. Customer disputes are heard by panels structured under FINRA rules, often allowing customers to choose an all-public panel. Arbitration is generally faster and less formal than court litigation.
Trích dẫn luật: FINRA RulesLuyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
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