Are there any special considerations for securities arbitration?
When it comes to securities arbitration in Washington, there are several special considerations that need to be taken into account. First, securities arbitration is different from traditional arbitration due to the fact that the parties involved are often large, institutional investors. As such, the rules for resolving disputes can be quite complicated and require the use of specialized legal advisors. Additionally, securities arbitration can involve high amounts of money, which is why it is important for the parties to have a clear understanding of the terms and conditions before signing any agreements. Furthermore, securities arbitration involves a unique set of rules and regulations that are determined by the Financial Industry Regulatory Authority (FINRA). FINRA has specific rules around how disputes can be settled, as well as the types of damages that can be awarded in certain cases. Parties must also be aware of the various rules related to discovery, which can include gathering evidence and witnesses in order to build a case. Finally, Washington law also includes a variety of statutory limits on the amount of money that can be recovered through securities arbitration. There are also restrictions on punitive damages, as well as other forms of damages, which can be awarded in certain cases. It is important for parties to understand these rules in order to ensure that they are properly protected against any potential losses.
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