After the complaining party, or claimant, files a Statement of Claim and pays the required fees, the opposing party, or respondent, is served with the Statement of Claim, and a cover letter explaining the arbitration process and setting a time for reply to the claim.
An arbitration panel consists of either one or three arbitrators. The Financial Industry Regulatory Authority (FINRA) provides that the number of arbitrators shall depend on the amount in controversy. Where the amount of a claim is $50,000 or less, the panel shall consist of one arbit
The Securities and Exchange Act of 1934 ("1934 Act," or "Exchange Act") primarily regulates transactions of securities in the secondary market.
The development of federal securities law was spurred by the stock market crash of 1929, and the resulting Great Depression. In the period leading up to the stock market crash, companies issued stock and enthusiastically promoted the value of their company to induce investors to purchase those securities.
Segregation is the action of separating people, historically on the basis of race and/or gender. Segregation implies the physical separation of people in everyday activities, in professional life, and in the exercise of civil rights.
A self-regulatory organization (SRO) is a non-governmental entity that has the power to create and enforce industry regulations and standards.
Self-incrimination is the intentional or unintentional act of providing information that will suggest your involvement in a crime, or expose you to criminal prosecution.
Sentencing refers to the process by which a court imposes a penalty on a defendant following a conviction.
Settler colonialism can be defined as a system of oppression based on genocide and colonialism, that aims to displace a population of a nation (oftentimes indigenous people) and replace it with a new settler population.
Sherman Antitrust Act of 1890 is a federal statute that prohibits activities that restrict interstate commerce and competition in the marketplace.
