Chapter 20 preview
Chapter 20: Resolving Disputes and Suitability
Chapter 20 covers dispute resolution, regulatory disclosures, and suitability edge cases. FINRA mediation is voluntary and non-binding. FINRA arbitration is binding and final. Simplified arbitration applies to claims of $50,000 or less. Form U4 is the registration application; Form U5 is the termination notice. BrokerCheck is the public record of registrations and disclosures. Churning is governed by Rule 2111's quantitative suitability obligation and FINRA Rule 2010.
Chapter summary
Chapter 20 covers dispute resolution, regulatory disclosures, and suitability edge cases. FINRA mediation is voluntary and non-binding. FINRA arbitration is binding and final. Simplified arbitration applies to claims of $50,000 or less. Form U4 is the registration application; Form U5 is the termination notice. BrokerCheck is the public record of registrations and disclosures. Churning is governed by Rule 2111's quantitative suitability obligation and FINRA Rule 2010.
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Key concepts
- Errors
- Resolving Problems
- Disclosures Under Code of Arbitration - Updating Form U4
- Suitability
- Errors
- Resolving Problems
- Disclosures Under Code of Arbitration - Updating Form U4
- Suitability
- Distinguish between an execution error (trade executed incorrectly) a...
- Identify clearly erroneous transactions: FINRA and exchanges can canc...
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