Joseph has been Leon's account executive for several years. Leon has been questioning Joseph's integrity because it appears as though Joseph might be churning. If Leon wants to take formal action about his concern, he likely will be required to use an arbitration board.

Question

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Arbitration boards are typically used to resolve disputes between parties, such as Leon and Joseph, who have a disagreement but want to avoid going to court. It is common for contracts between financial advisors and their clients to include mandatory arbitration clauses.

Joseph Has Been Leon's Account Executive for Several Years