Predispute Arbitration Agreements in Account Paperwork
Chapters in this video
- 0:00 The terrifying definition: giving up court access before a dispute exists
- 1:03 Seven required disclosures Riley must deliver
- 1:34 The 20-day joint-request deadline for explained decisions
- 2:45 Highlighted alert at the signature line
- 3:15 The 30-day and 10-business-day delivery clocks
- 4:28 Four prohibited contract conditions
- 5:00 The class action carve-out: temporary, not permanent
- 6:15 All-or-nothing compulsion: no cherry-picking claims
- 6:42 Rapid-fire exam recap
What this video covers
- The seven mandatory disclosure points that must precede the signature, including the loss of jury-trial rights, limited discovery, and finality of awards
- The 20-day joint-request deadline for an explained decision, and why a single party cannot trigger it alone
- The highlighted statement required immediately before the signature line, and why it must specify the exact page and paragraph of the arbitration clause
- The 30-day unprompted delivery clock versus the 10-business-day on-request clock, and which deadline controls when the two overlap
- The four prohibited conditions: no limitation on self-regulatory organization (SRO) rules, arbitration access, permitted court claims, or arbitrators' award power
- The class action carve-out, and why it is temporary rather than a permanent exit from arbitration
- The all-or-nothing rule when a firm seeks to compel arbitration against a customer who sued in court
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 82 course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.