There is a way for #Apes to have a direct effect on the brokerage industry in the short term. Become a FINRA arbitrator. In many cases, the list of arbitrators that we get when representing a customer is filled with industry folks. We need you. finra.org/arbitration-me…
"As a FINRA arbitrator, you have the opportunity to develop skills, give back and supplement your income. No previous arbitration, securities or legal experience is required to apply—just five years of paid work experience and two years of college-level credits." /1
"FINRA arbitrators listen to both sides of a securities-related dispute, weigh the facts and render a final and binding decision. Arbitrators are paid an honorarium for the cases on which they serve. FINRA arbitrators are independent contractors, not FINRA employees." /2
"Arbitrators receive free training to hone ... skills and talents .... In addition to practical training about FINRA rules and procedures, arbitrators receive training designed to enhance their leadership, management and communication skills." /3
You get paid something, although not a lot. Typically arbs get $600 per day or $725 per day for arbitrators serving as chair. /4
The most important reasons to become a FINRA arbitrator are (1) to learn about FINRA, (2) to participate in the resolution of disputes in a judge-like fashion, and (3) to ensure retail customers have a more fair pool of potential arbitrators to decide disputes. /5
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