-
-
-
-
-
-
-
-
-
-
-
Joseph Young
Arbitration is a method of having a dispute between two or more parties
resolved by impartial persons who are knowledgeable in the areas in
controversy. Those persons are called arbitrators. Arbitration of
broker-dealer disputes has long been used as an alternative to the
courts because it is a relatively fast and cost effective means of
resolving complicated issues. There are laws governing the conduct of
an arbitration proceeding that must be considered by those planning to
use arbitration to resolve the dispute. Most importantly is the fact
that an arbitration award is final and binding, subject to review by a
court only on a very limited basis. Parties should recognize, too, that
in choosing arbitration as a means of resolving a dispute they
generally give up their right to pursue the matter through the courts.
March 1, 2017
-
