Author Question: Binding arbitration is a process that A) allows you to appeal to FINRA or any of the ... (Read 163 times)

mcmcdaniel · **on:** Jul 10, 2018

Binding arbitration is a process that

A)

allows you to appeal to FINRA or any of the organized exchanges for resolution of a complaint against your broker.
B)

is used by the SEC to determine appropriate damages against a broker for unethical conduct.
C)

involves hiring an attorney and suing your broker.
D)

resolves a conflict between the SEC and a broker with respect to charging excessive commissions.

Question 2

A financial intermediary that functions as an escrow service

A)

holds the buyers payment until the goods arrive and the buyer approves the payment.
B)

holds the buyers payment until appropriate state taxes are paid.
C)

holds the goods until it receives payment from the buyer.
D)

holds the goods until appropriate state taxes are paid.