Decide all important issues. Arbitrators have a duty to participate in making final and binding decisions in regard to all important procedural issues, all properly submitted claims, and costs. Arbitrators are authorized to refer the conduct of NASD member firms, or individuals associated with those firms, for possible disciplinary action after the conclusion of any case. Maintain Proper Post-Hearing Conduct. Such conduct includes rendering your award within 30 days after the hearings are closed.
Arbitrators generally enjoy quasi-judicial privilege for their deliberations and thought processes.
However, discussing the basis for the panel's award to an outside party, may waive this immunity for all arbitrators. If arbitrators are questioned about a case, or asked to testify or to sign an affidavit, the assigned staff should be contacted immediately. Your service as an NASD arbitrator is highly valued and appreciated. Thank you for your cooperation. Inc. All rights reserved.