Securities Arbitration
There is another dispute resolution called arbitration; an alternative to the traditional lawsuit in court. Rather than have a matter decided by the judge, participants solved disputes by impartial persons knowledgeable in the areas of controversy. They are called arbitrators. Generally, and in the securities industry, a party cannot be compelled to arbitrate a dispute unless he has contractually bound himself to do so. However, the reader should not be misled by this statement, as a contractual obligation to arbitrate a dispute does not arise solely from a written contract, but rather may be created in a variety of ways.
Mr. Arbitrator…