Are there any limits on what kind of awards can be given in a securities arbitration case?

In Florida, there are limits on what kind of awards can be given in a securities arbitration case. Awards can include compensatory damages, punitive damages, interest, costs, and attorneys’ fees, but should be limited to what is fair and reasonable. Compensatory damages can include both economic and non-economic damages and cover losses and damages that can be measured in money. They can be awarded to compensate the investor for actual harm caused by the broker’s misconduct. Punitive damages can be awarded to the investor to punish the broker’s wrongful conduct and serve as a deterrent to future misconduct. These damages are rarely given, however, and must be particularly egregious. Interest can also be awarded to compensate the investor for the time value of money and should include lost interest. Costs generally include the filing fees and other expenses incurred by the claiming parties. Attorneys’ fees are generally not awarded in securities arbitration cases, but the arbitrator may award fees if the claimant has to take areas to collect their award or if the respondent has acted in bad faith. Overall, awards in security arbitration proceedings should be limited to what is fair and reasonable and not be excessive or punitive. The arbitrator has broad discretion in determining the award, and the award should be tailored to the circumstances of the case.

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Are there any limits on what kind of awards can be given in a securities arbitration case?

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