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

In North Dakota, the answer to this question is yes, there are limits on what kind of awards can be given in a securities arbitration case. The North Dakota Securities Commission is the agency responsible for overseeing securities arbitration cases in the state. The North Dakota Securities Commission has set limits on the types of awards that can be given in a securities arbitration case. According to their website, “a claimant may not receive an award of more than $5 million in total damages or disgorgement, whichever is greater. Additionally, in a case against a member firm, claimants may receive only compensatory damages, or damages for a limited period of time, not to exceed two years.” The North Dakota Securities Commission also sets time limits on securities arbitration cases. In general, the North Dakota Securities Commission requires all securities arbitration cases to be resolved within one year of filing. This is to ensure fairness in the arbitration process. The North Dakota Securities Commission also requires both parties to provide full disclosure of any relevant information before any arbitration hearing. This helps to ensure fairness and equity between both parties in the case. In addition, the North Dakota Securities Commission also requires that all arbitration awards be reasonable and not punitive or excessive. Any award that is deemed excessive or over the limits set by the North Dakota Securities Commission may be overturned.

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