Is there a cost associated with resolving disputes through securities arbitration?

Yes, there is a cost associated with resolving disputes through securities arbitration in California. Generally, the claimant (the person making the claim) must pay filing fees and other costs associated with the arbitration, including fees for the arbitrator and expenses for expert witnesses. The amount of these costs can vary, depending on the complexity of the case and the number of hearings held. Generally, the claimant will also have to pay their own attorneys’ fees, as well as their portion of the arbitrator’s fees and costs. The respondent (the person responding to the claim) may be required to reimburse the claimant for all filing fees and costs, including attorney fees. The arbitrator has the authority to award the claimant money damages, as well as an order of reimbursement to the claimant for their attorney fees. In some cases, the arbitrator may order that all or part of the costs of arbitration be paid by the respondent. In some cases, the respondent may be asked to pay the costs of the arbitration regardless of the outcome of the case. Typically, this is done when the respondent does not cooperate with the arbitration process, delays the resolution of the dispute, or does not show up for hearings. In addition to the fees associated with filing and arbitrating a case, the parties must also consider the potential costs associated with if their case is not successful. Arbitration awards cannot be appealed and may require the parties to pay additional costs associated with collecting or enforcing an award.

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