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 ratio