Home > FAQs > Arbitration and Mediation > NFA Arbitrators

NFA Arbitrators

  1. How do I become an NFA Arbitrator?
  2. I am an NFA Arbitrator, how do I update my information?
  3. How often do I have to complete the profile?
  4. Why do I need to complete the Regulatory Questions each time I serve? Or if I am not in the Industry, do I still complete the questions?
  5. I am an NFA Arbitrator, my employment has changed, do I need to update my profile?
  6. How do I complete the training requirement?
  7. How often do I have to complete training?
  8. Does NFA honor training from other forums?
  9. Why don't I ever get called?
  10. I am not a Member of NFA, can I be an Arbitrator?
  11. Who do I contact when my information changes?
  12. Do I get paid?
  13. Does NFA need arbitrators who will travel?
  14. I am retired and spend several winter months in other locations, can I serve in those locations?
  15. Do I have to be a lawyer to serve?

1. How do I become an NFA Arbitrator?

It is easy to become an NFA Arbitrator. Start by completing the Arbitrator Profile form available on our website. (Please contact the Arbitration Department at 877-731-5300 to obtain a user name and password for the online system.) Once you've completed the form, you may upload supplemental documentation, such as your resume or proof of training, to the correspondence tab. 

It is an NFA requirement that all arbitrators complete training every three years. If you have not completed training at another forum, you may complete the training available at our online learning center.

Back to the Top

How do I become an NFA Arbitrator?

2. I am an NFA Arbitrator, how do I update my information?

You must update your information on our Online Profile System. To obtain a user name and password for the online system, please contact the Arbitration Department at 877-731-5300. Updates may be made through our online system at any time. 

Back to the Top

I am an NFA Arbitrator, how do I update my information?

3. How often do I have to complete the profile?

Each time we ask you to serve we make sure we have the most current information on file. If you do not serve often, we ask that you review and update the information contained in your profile every three years. 

Back to the Top

How often do I have to complete the profile?

4. Why do I need to complete the Regulatory Questions each time I serve? Or if I am not in the Industry, do I still complete the questions?

All arbitrators must complete the Regulatory Questions each time they serve because the answers to the questions could have changed.    

Back to the Top

Why do I need to complete the Regulatory Questions each time I serve? Or if I am not in the Industry, do I still complete the questions?

5. I am an NFA Arbitrator, my employment has changed, do I need to update my profile?

Yes, you are required to keep your employment information current. Once you've obtained a user name and password for the Online Profile System, you may update your profile at any time.

Back to the Top

I am an NFA Arbitrator, my employment has changed, do I need to update my profile?

6. How do I complete the training requirement?

NFA requires arbitrators to complete a training program at least once every three years. You may fulfill this requirement by using NFA's online learning center. The learning center has training programs geared toward new and experienced arbitrators. You may also complete training at another forum and provide us with proof of your attendance in the program.

Back to the Top

How do I complete the training requirement?

7. How often do I have to complete training?

All arbitrators must complete a training program every three years.

Back to the Top

How often do I have to complete training?

8. Does NFA honor training from other forums?

Yes, NFA will accept proof of training from other forums (e.g. FINRA, AAA) as long as you have completed the training within the last three years.

Back to the Top

Does NFA honor training from other forums?

9. Why don't I ever get called?

The majority of our proceedings take place in the major metropolitan areas of Illinois, California, New York and Florida. If you haven't been called, it's probably because we haven't had many proceedings in your area. Be sure to keep your contact information up-to-date, so we can contact you if cases arise in your area.

Back to the Top

Why don't I ever get called?

10. I am not a Member of NFA, can I be an Arbitrator?

 Yes!  NFA needs both industry and non-industry arbitrators. 

Back to the Top

I am not a Member of NFA, can I be an Arbitrator?

11. Who do I contact when my information changes?

You may update your information anytime through our Online Profile System. Once you have a user name and password, updates can be made at your convenience. To obtain and user name and password, contact the Arbitration Department at 877-731-5300.

Back to the Top

Who do I contact when my information changes?

12. Do I get paid?

NFA pays its arbitrators an honorarium for attending hearings and deciding summary proceedings. In addition, in some cases, arbitrators may receive an honorarium for participating in pre-hearing teleconferences and deciding certain motions. Finally, NFA reimburses its arbitrators for expenses incurred as a result of attending a hearing (i.e. mileage, parking).

For more detailed honorarium information, please contact the Arbitration Department at 877-731-5300.

Back to the Top

Do I get paid?

13. Does NFA need arbitrators who will travel?

Yes, NFA occasionally asks arbitrators to travel for a hearing. In those cases, NFA covers all reasonable travel expenses incurred. You may indicate your willingness to travel on the "Contact" tab of the Arbitrator Profile. You may also identify multiple states in which you are willing to serve. 

Back to the Top

Does NFA need arbitrators who will travel?

14. I am retired and spend several winter months in other locations, can I serve in those locations?

Yes, you may identify multiples states in which you are willing to serve. You may also add multiple addresses on the "Contact" tab of the Arbitrator Profile. 

Back to the Top

I am retired and spend several winter months in other locations, can I serve in those locations?

15. Do I have to be a lawyer to serve?

No, individuals from all professions are eligible to serve. The only skills NFA requires are impartiality, integrity and sound judgment. 

Back to the Top

Do I have to be a lawyer to serve?
NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the futures markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy