For example, it will pick a panel of arbitrators and give you the right to ask that one of them be replaced without giving a reason. If you have information that would suggest an arbitrator would not be able to render an impartial award, you can challenge an appointment. You must arrange for witnesses and documentary evidence to support your case. If documents are not voluntarily supplied by either party, they can be subpoenaed. During the hearing, you should carefully document your claim, including proof of damages and an explanation of how you arrived at the damages.
Decisions are final and are subject to review by a court only on a very limited basis.
For example, if there is evidence of fraud or if an arbitrator fails to disclose a relationship with someone connected to the case, you may have grounds for review. Newly discovered evidence is not grounds for review. By Christine Dugas Stoneman says that Jan Herrmann is typical of these inexperienced investors. The money had been invested in mutual funds, and Herrmann says she told the broker, Mort Forney, that she was comfortable with that. Eventually, she says, he started investing Herrmann's money in technology stocks.