What is the difference between an arbitration hearing and a regular court hearing?

In North Carolina, securities arbitration law is the law that governs disputes between investors and their brokers. The main difference between an arbitration hearing and a regular court hearing is that arbitration is usually faster and more affordable. In addition, arbitration is typically more private than a court hearing because the proceedings are confidential. Arbitration hearings are conducted by an independent panel of three arbitrators, rather than a judge. The arbitrators are chosen by the parties involved in the dispute but may be selected by the arbitration organization or association that sponsors the case. The arbitrators will review the evidence presented by both sides and issue a decision. That decision is binding on the parties, and there is no further appeal. On the other hand, a court hearing is presided over by a judge who will decide on the case. This is known as a “bench trial” and the judge’s decision is often based on the court’s interpretation of the law. The decision can be appealed, depending on the jurisdiction. Overall, arbitration is a less formal, less expensive, and more private option for resolving securities disputes. It enables investors to resolve their disputes quickly without the need for a lengthy and costly court case.

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What is the difference between an arbitration hearing and a regular court hearing?

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