Series 82: Exercise

Exercise

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

1. 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. 2. Claims alleging discrimination or sexual harassment and class actions claims are [exempt from being/required to be] arbitrated.
3. 3. Monetary awards are [prohibited/confined] in an arbitration dispute.
4. 4. Arbitration is [mandatory/not mandatory] when the case involves customers.
5. 5. A nonpublic arbitrator [can/cannot] be employed by the securities industry, while a public arbitrator [can/cannot].
6. 6. A panel will [not always/always] consist of three arbitrators.
7. 7. Arbitrators [are/are not] required to provide a rationale with their final decision.
8. 8. A simplified arbitration [only/does not] require(s) a prehearing.
9. 9. Mediations [are/are not] disclosed to