What are the disadvantages of securities arbitration?
The most significant disadvantage is that the parties give up their right to trial by jury. In addition, the parties do not have the procedural and evidentiary protections provided through our court system. Limited discovery can be disadvantageous. Arbitration requires the payment of significant filing and hearing fees.
Related Questions
- Does an arbitration case or claim filed against me with the Financial Industry Regulatory Authority (formerly the National Association of Securities Dealers, Inc.) require disclosure?
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- What are the disadvantages of securities arbitration?
