FINRA arbitrators—neutral, qualified individuals who are essential in maintaining a fair, impartial and efficient system of arbitration—serve as decision makers, weighing the facts of each case presented. FINRA arbitrators hear all sides of the dispute, study the evidence and then render a final and binding decision.
FINRA maintains a roster of more than 6,000 FINRA arbitrators. FINRA has two classifications of arbitrators: public and non-public. Public arbitrators are select individuals who are not required to have knowledge of the securities industry. Non-public arbitrators have a more extensive securities industry background.
Unless waived by FINRA at its discretion, arbitrator applicants must have a minimum of five years of paid business and/or professional experience and at least two years of college-level credits. FINRA recruits arbitrators to help resolve disputes, from diverse backgrounds including:
- business professionals; and
- securities professionals.
Before serving on a case, FINRA arbitrators must first successfully complete FINRA’s Basic Arbitrator Training Program. The Basic Arbitrator Training page on FINRA’s website for more information about pre-requisite training requirements before becoming eligible to serve on a case. FINRA arbitrators are strongly encouraged to be registered on FINRA’s DR Portal. The DR Portal benefits arbitrators by allowing them to view their current case data, access case documents, utilize the hearing scheduling tool, view upcoming hearing information, update their profile, and submit documents to the case administration team assigned to a particular case. Finally, the DR Portal allows arbitrators to view their honoraria payments, their neutral profile, their historical case data, and their past hearing dates. The portal is a useful tool for FINRA arbitrators and applicants seeking to stay on top of their cases in FINRA’s online forum.
The success of FINRA securities arbitration cases depends on the quality and skill of the arbitrators who hear and decide the disputes presented by investors. More information about FINRA arbitrators can be found at the links below.
Training, Serving on a Case and Honorarium
Benefits of Becoming an Arbitrator
For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, 561-416-8956, by email at [email protected] or visit www.securitieslawyer101.com. This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute legal advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes.
Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855