Which of the Following Statements Regarding Arbitration of Broker-Client Disputes

question 38

Multiple Choice

Which of the following statements regarding arbitration of broker-client disputes is not true?

• A) There is a cost to arbitration.
• B) Arbitration is a binding process that can determine damages.
• C) It is advised that investors hire a lawyer for the arbitration process.
• D) Arbitration rulings are frequently appealed.

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Definitions:

Voice

The distinctive tone or style of a writer or speaker, which conveys their attitude, personality, and character.

Sound Reasons

Justifications or explanations that are based on valid logic or evidence.

Persuade

The act of influencing or convincing someone to do or believe something through reasoning or the use of temptation.