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

In Texas, there are limits on the kinds of awards that can be given in a securities arbitration case. Generally, the arbitrators presiding over the case will review the evidence presented during the arbitration process and determine an appropriate award. However, the award cannot exceed the damages requested in the claim. This means that if a claimant cannot prove their losses, the arbitrators are unable to award them more than the amount requested. Additionally, the arbitrators are unable to award punitive damages or injunctive relief. Punitive damages are designed to punish wrongdoers, while injunctive relief can only be given by a court. Therefore, if either of these remedies is needed, the claimant must file a traditional lawsuit. Also, it is important to remember that arbitrators are unable to grant more than two times the amount of compensatory damages. This means that if the claimant can prove their losses up to $100,000, the arbitrators cannot award them any more than $200,000. This limitation helps to ensure that arbitrators do not award too much compensation and enter into speculation of potential losses. Overall, there are limits on the kinds of awards that can be given in a securities arbitration case in Texas. These limits help to ensure that claimants receive the appropriate amount of compensation for their losses, while also ensuring that the decisions of the arbitrators are reasonable.

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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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