Arbitration Procedures: Rapid Fire

What this video covers

• Why the customer, not the firm, chooses among NFA arbitration, CFTC reparations, and court, and why a member firm cannot refuse a properly filed customer claim
• The head-to-head distinctions between NFA arbitration (private, arbitrator or panel, essentially final) and CFTC reparations (federal administrative, registrant target only, appealable)
• Why NFA arbitration awards money to make the customer whole but cannot fine, suspend, or expel a firm, which is a separate disciplinary process
• What a pre-dispute arbitration agreement does and does not take away: court is waived, CFTC reparations stays open, and the 45-day re-election window after firm notice
• The two-year filing clocks and their different starting triggers: discovery for NFA arbitration versus accrual for CFTC reparations
• Why eligible contract participants lose the retail protections and can be required to waive both court and reparations as a condition of doing business
• The registration suspension hammer that enforces payment of a CFTC reparations award