Lucky the Banker mascotLTB
← SIE: Regulatory Framework
SIE practice questionmediumArbitration

In a FINRA arbitration involving a customer claim of $75,000, how many arbitrators will typically hear the case?

  1. AFive arbitrators
  2. BA single FINRA employee acting as judge
  3. CThree arbitrators
  4. DOne arbitrator✓ Correct answer
Explanation

Why D — One arbitrator

A $75,000 FINRA customer arbitration claim is generally heard by one arbitrator unless the parties agree in writing to use three arbitrators. Larger claims over the applicable threshold use a three-arbitrator panel.

Turn it into reps

Reading one answer is not the same as being ready

Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.

Practice SIE freeSIE exam guide

Spot an error in this question or explanation? Tell us — we fix these fast.

Related Regulatory Framework questions