Are there ‘small claims’ procedures in securities arbitration?
Yes. Generally if the amount of the claim is $25,000 or less, the claim may be processed by a single arbitrator under what are known as Simplified Arbitration Procedures. In that case the claim usually is decided solely on the basis of reading the parties' written submissions, and there will not be a hearing. (The arbitrator may request a hearing or require either party to submit additional documentation.) If you ask for a hearing, you will have one.
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