What organisation administers arbitration for futures disputes?
NFA
Is NFA arbitration binding?
Yes
Typical filling Deadline?
2 years from discovery
What guarantees enforcement?
Award can be enforced in court
Difference between arbitration and reparations?
Arbitration=NFA
Reparations = CFTC
Is NFA arbitration voluntary or mandatory?
Usually mandatory due to pre-dispute arbitration agreement in the customer account paperwork
Can arbitration awards be appealed?
Very limited appeal rights; awards are generally final and binding
What type of violations commonly lead to arbitration claims?
Unauthorised trading, mispresentation, churning m, failure to supervise
What is the key advantage of arbitration over litigation?
Faster and generally less expensive resolution
Does arbitration eliminate regulatory disciplinary action?
No. At its resolves civil disputes, disciplinary actions are separate.
How many arbitrators may hear a case?
One or three, depending on the claim amount
Who selects the arbitrators?
The NFA Provides a lis
