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One of the top Alternative Dispute Resolution firms in South Florida

 

 

 

 

Donald T. Ryce, Esq.

 Arbitrator

 

772-205-2480 (Tel)

772-205-2765 (Fax)

305-873-3556 (Cell)

What is Arbitration?

Arbitration is a form of alternative dispute resolution is a technique for the resolution of disputes outside the courts. Arbitration can be either voluntary or mandatory. Mandatory arbitration can only come from a statute or from a contract that is voluntarily entered into, where the parties agree to hold all existing or future disputes to arbitration.

 

Why Arbitration might make sense?

 Arbitration often allows you to resolve disputes more quickly and cheaply than by going to court. Instead of judges or juries, arbitrators decide who is at fault and and how to remedy the circumstance during a private examination of the facts.

Arbitration Process

Arbitration is a proceeding in which a dispute is resolved by an impartial adjudicator whose decision the parties to the dispute have agreed, or legislation has decreed, will be final and binding. There are limited rights of review and appeal of arbitration awards.

 

 

Arbitration Fees and Expenses

 

 

The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States.

 

It operates the largest dispute resolution forum in the securities industry, using public arbitrators and industry arbitrators who may or may not be attorneys but are chosen for their ability to be neutral in such disputes.

 

According to FINRA, the following rules apply regarding arbitration:

 

Eligible Cases Arbitration cases are eligible to be heard in FINRA's forum if the following criteria are met:

 

     •    For disputes with investors:

 

◦  The cases involve an investor and an individual or entity registered with FINRA, such as cases between investors and brokers, between investors and brokerage firms, and between investors and brokers and brokerage firms; and

 

◦  The claim is filed within 6 years from the time the events giving rise to the dispute occurred.

 

     •    For disputes involving industry parties only:

 

◦  The cases involve an individual or entity registered with FINRA, such as cases between brokerage firms, between brokers, and between or among brokerage firms and brokers; and

◦  The claim is filed within 6 years from the time the events giving rise to the dispute occurred.

 

Required Investor Arbitration An investor must arbitrate at FINRA if:

 

•   The arbitration is required by written agreement;

•   The dispute is with a member of FINRA, which could be a broker and/or brokerage firm; and

 

•   The dispute involves the securities business of the broker and/or brokerage firm.

 

Required Industry Arbitration A broker or a brokerage firm must arbitrate at FINRA if:

 

•    The dispute arises out of the securities business activities of a broker and/or a brokerage firm; and

•    The dispute is between or among the following members of FINRA: brokerage firms, brokerage firms and brokers, or brokers.

 

If an investor requests arbitration, a broker or a brokerage firm must arbitrate at FINRA.

 

If you are a broker alleging employment discrimination, arbitration is voluntary.

 

 Mr. Ryce is a public arbitrator and is chairman- and injunction-qualified for FINRA Dispute Resolution cases