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Materials information is important information pertaining to a securities transaction.
What is Arbitration? Arbitration is like court for the financial world. It is used to settle disputes between investors and their brokers. An inves...
Finance: What is Arbitration? 6 Views
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Description:
What is Arbitration? Arbitration is like court for the financial world. It is used to settle disputes between investors and their brokers. An investor can file a claim that leads arbitration, much like a lawsuit would lead to a court hearing.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Regulations
Transcript
- 00:00
finance a la shmoop what is arbitration? was it Shakespeare who mused about [Shakespeare on stage discussing arbitration]
- 00:08
killing all the lawyers, wasn't that Henry the sixth or something mmm well if he
- 00:12
done so well that'd make arbitration not necessary...So first what is arbitration?
- 00:17
well basically it's the adjudication of a case outside of the formal normal
- 00:22
court system which is massively clogged in the United States like it needs a [Man unclogging toilet]
Full Transcript
- 00:28
million gallon enema kind of clogged... The cost of fully adjudicating cases has
- 00:32
become astronomically expensive and time-consuming and filled with silly [Contract loopholes highlighted]
- 00:37
loopholes that make getting to a real just conclusion painful if not
- 00:42
impossible so it has become common practice for parties entering a
- 00:45
partnership or a contract in whatever form to agree to arbitration if a big
- 00:50
fat hairy conflict arises down the road you know...In arbitration both sides agree [A hairy monster appears in the woods]
- 00:55
to hiring a separate judge usually a retired judge from the normal court
- 00:59
system.. In arbitration
- 01:03
everyone simply relies on the arbitrating judge to be fair lots of [Judge stamped fair]
- 01:09
silly loopholes go away and "justice" in whatever form is
- 01:14
arrived at well hopefully faster and if that doesn't work well you can always do [Shakespear carrying a lawyer on a ship and throws him overboard]
- 01:18
things to Shakespeare way...
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GED Social Studies 1.1 Civics and Government
