SERIES 7: FINRA CODE OF ARBITRATION QUESTIONS AND ANSWERS WITH SOLUTIONS 2025

SERIES 7: FINRA CODE OF ARBITRATION
QUESTIONS AND ANSWERS WITH
SOLUTIONS 2025
FINRA,Code,of,Arbitration,handles,arbitration,between,who?,-,ANSWER,-
,Between,or,among,members

-,Between,or,among,members,+,public,customers
-
,Between,or,among,members,,registered,clearing,agencies,and,participants,using,a,registered,cl
earing,agency


Dispute,between,what,groups,of,people,*must*,be,arbitrated?,-,ANSWER,-,Member,vs.,member
-,Member,vs.,person,associated,with,a,member
-,Person,associated,with,a,member,vs.,member
-,Person,associated,vs.,person,associated


What,is,NOT,required,to,be,arbitrated?,-,ANSWER,-,Sexual,harassment


Between,who,would,they,NOT,handle,disputes?,-,ANSWER,-,Two,members,of,the,public


Who,can,issue,subpoenas,for,both,parties?,-,ANSWER,-,Only,arbitrators


Simplified,Arbitration,Procedure,-,ANSWER,-
,Between,public,customer,+,member,involving,dollar,amount,less,than,$50,000

-,One,single,arbitrator


$50,000-$100,000,-,ANSWER,-,One,arbitrator,unless,both,parties,agree,on,3


More,than,$100,000,-,ANSWER,-,3,arbitrators,unless,parties,agree,on,one