1.   His panel prescribed rules for the industry to police itself and get rid of unsavory practices.

2.   In short, state arbitration statutes prescribed rules for the state courts, and the FAA prescribed rules for the federal courts.

3.   It would have been extraordinary for Congress to attempt to prescribe procedural rules for state courts.

4.   Most sections of the statute plainly have no application in state courts, but rather prescribe rules either for federal courts or for arbitration proceedings themselves.

5.   This court has supervisory authority over the federal courts, and we may use that authority to prescribe rules of evidence and procedure that are binding in those tribunals.

6.   In this context, several developed countries have prescribed rules for differential reporting in their respective countries.