Will I have any choice about where to arbitrate?

Yes, although you will be bound to arbitrate your claims, you do have some choice.

NASD Regulation, Inc. (an affiliate of the National Association of Securities Dealers, Inc., the major self-regulatory organization in the securities industry) operates the largest dispute resolution forum in the securities industry, featuring full-scale arbitration and mediation programs. You can also choose to arbitrate under the rules of the New York Stock Exchange or one of the others to which the broker belongs (assuming it is covered in the brokerage agreement’s arbitration clause). There are minor (but sometimes meaningful) differences in the processes used among the NASD and different exchanges.

An arbitration award is final and binding, subject to review by a court only on a very limited basis. In agreeing to arbitration, you will generally give up your right to pursue your case through the courts.