In the FINRA forum, claims valued at $50,000 or less are subject to rules governing simplified arbitrations. No hearings are held in simplified arbitrations, unless the customer requests a hearing. Instead, a single arbitrator will make a decision by reviewing documents and written descriptions of the facts submitted by the parties. Simplified arbitration is usually a less costly alternative than regular arbitration because the parties do not have to travel to a hearing and appear in person to give testimony or answer questions.
Simplified Arbitration in the FINRA Forum
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