Series 82: Exercise

Exercise

Circle the word(s) that makes the statement correct.

1.Customers, member firms, and associated persons [have/do not have] the authority to bring punitive action against other member firms or associated persons.

2.Claims alleging discrimination or sexual harassment and class actions claims are [exempt from being/required to be] arbitrated.

3.Monetary awards are [prohibited/confined] in an arbitration dispute.

4.Arbitration is [mandatory/not mandatory] when the case involves customers.

5.A nonpublic arbitrator [can/cannot] be employed by the securities industry, while a public arbitrator [can/cannot].

6.A panel will [not always/always] consist of three arbitrators.

7.Arbitrators [are/are not] required to provide a rationale with their final decision.

8.A simplified arbitration [only/does not] requi