Dispute Resolution Statistics
- Virtual Arbitration Hearing Statistics
- Arbitration Statistics Through March
- Historical Statistics for Cases Filed and Closed
- Top 15 Controversy Types in Customer Arbitrations
- Top 15 Security Types in Customer Arbitrations
- Top 15 Controversy Types in Intra-Industry Arbitrations
- How Arbitration Cases Close
- Results of Customer Claimant Arbitration Award Cases
- Result of Customer Claimant Arbitration Award Cases (Regular Hearing Only)
- Result of Customer Claimant Arbitration Award Cases (Special Proceeding Hearing Only)
- Result of Customer Claimant Arbitration Award Cases (Paper Only)
- Results of All-Public Panels and Majority Public Panels in Customer Cases
- Arbitrators by Type and Location
- Mediation Statistics Through March
- Pre-Arbitration Requests for Mediation Through March
View Previous Year-End Statistics
- Statistics on Expungement of Customer Dispute Information in the FINRA Arbitration Forum
Virtual Arbitration Hearing Statistics Through March
| Contested Motions for Virtual Hearings | Granted | Denied | Open | Total |
|---|---|---|---|---|
| Customer | 294 (63%) | 175 (37%) | 2 | 471 |
| Intra-Industry | 157 (75%) | 51 (25%) | 2 | 210 |
| Total Customer and Intra-Industry | 451 (67%) | 226 (33%) | 4 | 681 |
Since the postponement of in-person hearings, and as of March 31, 2,125 arbitration cases have conducted one or more hearings via Zoom (734 customer cases and 1,391 industry cases).
There are 806 total joint motions for virtual hearings. (352 in customer cases and 454 in industry cases).
Arbitration Statistics Through March
| Year | New Case Filings | Cases Closed | Open Cases | Turnaround Time (in months) |
|---|---|---|---|---|
| 2024 | Total: 638 Customer: 422 (66%) Intra-Industry: 216 (34%) | 861 | 3,202 | Overall*: 11.9 Regular Hearing Decisions: 16.8 Special Proceeding Decisions: 6.5 Paper Decisions: 5.4 |
| 2023 | Total: 711 Customer: 443 (62%) Intra-Industry: 268 (38%) | 699 | 3,135 | Overall*: 17.2 Regular Hearing Decisions: 19.7 Special Proceeding Decisions: 4.7 Paper Decisions: 4.9 |
| 2022 | Total: 631 Customer: 369 (58%) Intra-Industry: 262 (42%) | 966 | 3,594 | Overall*: 17.5 Regular Hearing Decisions: 18.2 Special Proceeding Decisions: 8.1 Paper Decisions: 5.0 |
| 2024 vs 2023 | Total: -10% Customer: -5% Intra-Industry: -19% | +23% | +2% | Overall*: -31% Regular Hearing Decisions: -15% Special Proceeding Decisions: +38% Paper Decisions: +10% |
* Includes cases closed for any reason.
Historical Statistics for Cases Filed and Closed
| Year | Cases Filed | Cases Closed |
|---|---|---|
| 2024 | 638 | 861 |
| 2023 | 3,382 | 3,027 |
| 2022 | 2,671 | 3,564 |
| 2021 | 2,893 | 4,029 |
| 2020 | 3,902 | 3,564 |
| 2019 | 3,757 | 4,011 |
| Year | Cases Filed | Cases Closed |
|---|---|---|
| 2018 | 4,325 | 3,756 |
| 2017 | 3,456 | 3,735 |
| 2016 | 3,681 | 3,635 |
| 2015 | 3,435 | 3,489 |
| 2014 | 3,822 | 3,838 |
| 2013 | 3,714 | 4,498 |
| Year | Cases Filed | Cases Closed |
|---|---|---|
| 2012 | 4,299 | 4,877 |
| 2011 | 4,729 | 6,099 |
| 2010 | 5,680 | 6,241 |
| 2009 | 7,137 | 4,571 |
| 2008 | 4,982 | 3,757 |
| 2007 | 3,238 | 5,345 |
Top 15 Controversy Types in Customer Arbitrations
A single arbitration case may include multiple controversy types.
| Controversy | Time Period | 2024 Cases served | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Breach of Fiduciary Duty | Through March | 342 | 364 | 273 | 415 | 417 |
| Year-End | -- | 1,518 | 1,340 | 1,445 | 1,714 | |
| Negligence | Through March | 308 | 335 | 256 | 391 | 369 |
| Year-End | -- | 1,408 | 1,261 | 1,371 | 1,592 | |
| Failure to Supervise | Through March | 286 | 267 | 222 | 324 | 347 |
| Year-End | -- | 1,129 | 1,075 | 1,218 | 1,433 | |
| Misrepresentation | Through March | 280 | 247 | 200 | 348 | 341 |
| Year-End | -- | 1,078 | 990 | 1,181 | 1,384 | |
| Breach of Contract | Through March | 257 | 271 | 205 | 297 | 305 |
| Year-End | -- | 1,095 | 1,048 | 1,110 | 1,292 | |
| Omission of Facts | Through March | 230 | 216 | 166 | 308 | 301 |
| Year-End | -- | 881 | 825 | 958 | 1,215 | |
| Suitability | Through March | 227 | 227 | 184 | 271 | 324 |
| Year-End | -- | 931 | 899 | 1,071 | 1,220 | |
| Fraud | Through March | 173 | 178 | 149 | 200 | 263 |
| Year-End | -- | 687 | 699 | 744 | 918 | |
| Breach of Regulation BI* | Through March | 100 | 101 | 13 | -- | -- |
| Year-End | -- | 408 | 216 | -- | -- | |
| Violation of Blue Sky Laws | Through March | 95 | 117 | 57 | 109 | 76 |
| Year-End | -- | 414 | 402 | 355 | 338 | |
| Manipulation | Through March | 73 | 66 | 48 | 85 | 79 |
| Year-End | -- | 273 | 266 | 285 | 316 | |
| Elder Abuse | Through March | 48 | 55 | 36 | 44 | 48 |
| Year-End | -- | 212 | 188 | 162 | 172 | |
| Unauthorized Trading | Through March | 42 | 46 | 53 | 53 | 45 |
| Year-End | -- | 175 | 149 | 160 | 190 | |
| Errors-charges | Through March | 25 | 37 | 26 | 50 | 18 |
| Year-End | -- | 132 | 99 | 127 | 102 | |
| Transfer | Through March | 24 | 4 | 12 | 13 | 7 |
| Year-End | -- | 38 | 52 | 46 | 41 |
*These categories were not tracked for the years in which no data appears.
Top 15 Security Types in Customer Arbitrations
A single arbitration case may include multiple security types.
| SECURITY | Time Period | 2024 Cases Served | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Common Stock | Through March | 81 | 116 | 88 | 136 | 82 |
| Year-End | -- | 393 | 349 | 433 | 385 | |
| Real Estate Investment Trust | Through March | 59 | 57 | 52 | 125 | 164 |
| Year-End | -- | 197 | 211 | 429 | 421 | |
| Corporate Bonds | Through March | 53 | 53 | 14 | 21 | 8 |
| Year-End | -- | 236 | 239 | 57 | 79 | |
| Mutual Funds | Through March | 42 | 55 | 35 | 53 | 41 |
| Year-End | -- | 294 | 159 | 161 | 177 | |
| 401(k) | Through March | 34 | 10 | 10 | 7 | 22 |
| Year-End | -- | 50 | 35 | 41 | 73 | |
| Private Equities | Through March | 28 | 22 | 37 | 44 | 66 |
| Year-End | -- | 120 | 146 | 161 | 213 | |
| Annuities | Through March | 25 | 19 | 12 | 21 | 21 |
| Year-End | -- | 78 | 57 | 98 | 93 | |
| Options | Through March | 23 | 43 | 35 | 62 | 38 |
| Year-End | -- | 121 | 153 | 157 | 180 | |
| Structured Products | Through March | 22 | 10 | 3 | 10 | 11 |
| Year-End | -- | 47 | 38 | 33 | 35 | |
| Exchange-Traded Funds | Through March | 19 | 18 | 13 | 22 | 21 |
| Year-End | -- | 95 | 60 | 76 | 95 | |
| Limited Partnerships | Through March | 17 | 17 | 21 | 41 | 40 |
| Year-End | -- | 68 | 122 | 134 | 146 | |
| Preferred Stock | Through March | 15 | 21 | 10 | 6 | 6 |
| Year-End | -- | 73 | 42 | 31 | 37 | |
| Variable Annuities | Through March | 14 | 13 | 11 | 24 | 25 |
| Year-End | -- | 81 | 48 | 75 | 95 | |
| Municipal Bond Funds | Through March | 13 | 14 | 15 | 19 | 50 |
| Year-End | -- | 75 | 50 | 57 | 136 | |
| Business Development Company (BDCs) | Through March | 10 | 17 | 22 | 70 | 9 |
| Year-End | -- | 45 | 88 | 177 | 218 |
Top 15 Controversy Types in Intra-Industry Arbitrations
A single arbitration case may include multiple controversy types.
| CONTROVERSY | Time Period | 2024 Cases Served | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Breach of Contract | Through March | 74 | 60 | 51 | 79 | 88 |
| Year-End | -- | 294 | 225 | 268 | 309 | |
| Promissory Notes | Through March | 55 | 32 | 20 | 37 | 91 |
| Year-End | -- | 154 | 84 | 126 | 229 | |
| Libel or Slander on Form U-5 | Through March | 31 | 28 | 18 | 25 | 44 |
| Year-End | -- | 104 | 84 | 89 | 148 | |
| Compensation | Through March | 26 | 18 | 15 | 24 | 42 |
| Year-End | -- | 74 | 77 | 84 | 135 | |
| Libel, Slander, or Defamation | Through March | 24 | 14 | 20 | 14 | 35 |
| Year-End | -- | 91 | 69 | 59 | 152 | |
| Wrongful Termination | Through March | 15 | 18 | 10 | 22 | 26 |
| Year-End | -- | 66 | 50 | 62 | 101 | |
| Commissions | Through March | 10 | 10 | 10 | 14 | 21 |
| Year-End | -- | 36 | 37 | 55 | 72 | |
| Breach of Fiduciary Duty | Through March | 7 | 2 | 1 | 6 | 8 |
| Year-End | -- | 14 | 21 | 23 | 31 | |
| Raiding Disputes | Through March | 6 | 5 | 7 | 3 | 6 |
| Year-End | -- | 24 | 24 | 13 | 28 | |
| Discrimination or Harassment* | Through March | 5 | 7 | 3 | 10 | 8 |
| Year-End | -- | 25 | 25 | 36 | 38 | |
| Fraud | Through March | 3 | 1 | 1 | 2 | 4 |
| Year-End | -- | 6 | 13 | 8 | 16 | |
| Misrepresentation | Through March | 3 | 0 | 1 | 3 | 15 |
| Year-End | -- | 7 | 12 | 12 | 57 | |
| Indemnification | Through March | 2 | 3 | 1 | 1 | 4 |
| Year-End | -- | 12 | 7 | 6 | 14 | |
| Negligence | Through March | 2 | 0 | 2 | 2 | 3 |
| Year-End | -- | 5 | 14 | 8 | 17 | |
| Whistleblower | Through March | 2 | 4 | 0 | -- | -- |
| Year-End | -- | 12 | 5 | -- | -- |
* This category combines the following discrimination controversy types: disability, age, gender, race, sexual orientation, national origin, religion, employment discrimination, and sexual harassment. This number does not represent the number of cases served, as one case may have multiple discrimination claims.
How Arbitration Cases Close
| Cases Decided by Arbitrators | Mar-2024 (% of Cases) | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| After Regular Hearing | 109 (13%) | 436 (15%) | 533 (15%) | 497 (12%) | 335 (9%) |
| After Special Proceeding Hearing | 5 (1%) | 17 (1%) | 24 (1%) | 34 (1%) | 13 (0%) |
| After Review of Documents (Paper Cases) | 20 (2%) | 77 (3%) | 78 (2%) | 102 (2%) | 101 (3%) |
| Total | 134 (16%) | 530 (18%) | 635 (18%) | 633 (15%) | 449 (13%) |
| Cases Resolved by Other Means | Mar-2024 (% of Cases) | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Direct Settlement by Parties | 480 (56%) | 1,496 (50%) | 1,752 (49%) | 2,418 (59%) | 2,060 (58%) |
| Settled via Mediation | 108 (13%) | 489 (16%) | 700 (20%) | 458 (11%) | 477 (13%) |
| Withdrawn | 97 (11%) | 265 (9%) | 290 (8%) | 384 (9%) | 329 (9%) |
| All Others | 36 (4%) | 213 (7%) | 175 (5%) | 216 (5%) | 243 (7%) |
| Total | 721 (84%) | 2,463 (82%) | 2,917 (82%) | 3,476 (85%) | 3,109 (87%) |
Results of Customer Claimant Arbitration Award Cases
| Year Decided | All Customer Claimant Cases Decided (Hearings, Special Procedures & Paper) | Percentage Decided of All Customer Claimant Cases Closed | Percentage (and Number) of Cases where Customer Awarded Damages |
|---|---|---|---|
| 2024 YTD | 61 | 12% | 26% (16 cases) |
| 2023 | 274 | 14% | 24% (67 cases) |
| 2022 | 311 | 13% | 36% (111 cases) |
| 2021 | 328 | 13% | 31% (103 cases) |
| 2020 | 193 | 9% | 32% (62 cases) |
| 2019 | 313 | 13% | 45% (141 cases) |
Result of Customer Claimant Arbitration Award Cases (Regular Hearing Only)*
| Year Decided | Customer Claimant Cases Decided (Hearing Only) | Hearing Customer Claimant Cases Where Customer Awarded Damages | Hearing Customer Claimant Not Awarded Damages | Percentage of Customer Award Hearing Cases |
|---|---|---|---|---|
| 2024 YTD | 41 | 14 | 27 | 34% |
| 2023 | 200 | 59 | 141 | 30% |
| 2022 | 237 | 92 | 145 | 39% |
| 2021 | 231 | 86 | 145 | 37% |
| 2020 | 120 | 41 | 79 | 34% |
| 2019 | 241 | 109 | 132 | 45% |
*The data in this chart includes cases dismissed prior to the hearing on the merits, and are counted as cases in which the customer claimant was not awarded damages.
Awards on the Merits of the Case with One or More Zoom Evidentiary Hearings*
| Year Decided | Customer Claimant Cases Decided | Customer Claimant Cases Where Customer Awarded Damages | Customer Claimant Not Awarded Damages | Percentage of Customer Claimant Cases Where Customer Awarded Damages |
|---|---|---|---|---|
| 2024 | 8 | 4 | 4 | 50% |
| 2023 | 53 | 21 | 32 | 40% |
| 2022 | 116 | 51 | 65 | 44% |
| 2021 | 136 | 60 | 76 | 44% |
| 2020 | 30 | 12 | 18 | 40% |
*The data in this chart excludes cases dismissed prior to the hearing on the merits.
Awards on the Merits of the Case with In-Person Evidentiary Hearings*
| Year Decided | Customer Claimant Cases Decided | Customer Claimant Cases Where Customer Awarded Damages | Customer Claimant Not Awarded Damages | Percentage of Customer Claimant Cases Where Customer Awarded Damages |
|---|---|---|---|---|
| 2024 | 21 | 7 | 14 | 33% |
| 2023 | 91 | 34 | 57 | 37% |
| 2022 | 74 | 34 | 40 | 46% |
| 2021 | 46 | 22 | 24 | 48% |
| 2020 | 34 | 17 | 17 | 50% |
*The data in this chart excludes cases dismissed prior to the hearing on the merits.
Result of Customer Claimant Arbitration Award Cases (Special Proceeding Hearing Only)
| Year Decided | Customer Claimant Cases Decided (Special Proceeding Only) | Special Proceeding Customer Claimant Cases Where Customer Awarded Damages | Special Proceeding Customer Claimant Not Awarded Damages | Percentage of Customer Award Special Proceeding Cases |
|---|---|---|---|---|
| 2024 YTD | 5 | 1 | 4 | 0% |
| 2023 | 15 | 0 | 15 | 0% |
| 2022 | 19 | 7 | 12 | 37% |
| 2021 | 16 | 2 | 14 | 13% |
| 2020 | 5 | 1 | 4 | 20% |
| 2019 | 8 | 1 | 7 | 13% |
Result of Customer Claimant Arbitration Award Cases (Paper Only)
| Year Decided | Customer Claimant Cases Decided (Paper Only) | Paper Customer Claimant Cases Where Customer Awarded Damages | Customer Claimant Not Awarded Damages | Percentage of Customer Award Paper Cases |
|---|---|---|---|---|
| 2024 YTD | 15 | 1 | 14 | 7% |
| 2023 | 59 | 8 | 51 | 14% |
| 2022 | 55 | 12 | 43 | 22% |
| 2021 | 81 | 15 | 66 | 19% |
| 2020 | 68 | 20 | 48 | 29% |
| 2019 | 64 | 31 | 33 | 48% |
Results of All-Public Panels and Majority Public Panels in Customer Cases
| Year Decided | Cases Decided by All-Public Panels | Percentage (and Number) of Cases Decided by 3 Public Arbitrators where Customer Awarded Damages | Cases Decided by Majority-Public Panels | Percentage (and Number) of Cases Decided by 2 Public Arbitrators and 1 Non-Public Arbitrator where Customer Awarded Damages |
|---|---|---|---|---|
| 2024 YTD | 22 | 32% (7 cases) | 8 | 25% (2 cases) |
| 2023 | 122 | 32% (39 cases) | 46 | 26% (12 cases) |
| 2022 | 141 | 42% (59 cases) | 51 | 37% (19 cases) |
| 2021 | 139 | 39% (54 cases) | 46 | 30% (14 cases) |
| 2020 | 76 | 33% (25 cases) | 26 | 23% (6 cases) |
| 2019 | 149 | 53% (79 cases) | 47 | 28% (13 cases) |
Arbitrators by Type and Location
| Arbitrator Type | Total |
|---|---|
| Public | 4,102 |
| Non-Public | 4,235 |
| Total | 8,337 |
Number of Cases and Arbitrators* per Hearing Location Through March.
Click on each hearing location below to view the number of cases and a breakdown of available arbitrators by type. View in table format.
We expand arbitrator pools in select hearing locations as case demand requires.
* Arbitrators can serve in multiple hearing locations, thus, these figures cannot be totaled to produce the overall number of arbitrators on the roster.
** These figures include the arbitrators designated on the Local Public Chair list.
*** These figures include the arbitrators designated on the Non-Local Public Chair list.
Mediation Statistics Through March
| Year | Cases in Agreement | Cases Closed (Percent Settled) | Turnaround Time (in days) |
|---|---|---|---|
| 2024 | 130 | 119 (86%) | 91 |
| 2023 | 229 | 157 (82%) | 125 |
| 2022 | 236 | 165 (92%) | 182 |
| 2024 vs 2023 | -43% | -24% | -27% |
Pre-Arbitration Requests for Mediation Through March
| Year to Date | Number of Requests* | Parties Agreed (%) |
|---|---|---|
| 2024 | 57 | 8 (14%) |
| 2023 | 45 | 7 (16%) |
| 2022 | 48 | 11 (23%) |
* As of January 1, 2020, Number of Requests only includes cases subject to FINRA’s jurisdiction. Previously, these statistics included all requests to mediate, including those not subject to FINRA’s jurisdiction.