How binding is a securities arbitration decision?

A securities arbitration decision is legally binding in California. This means that the parties involved are obligated to comply with the decision. The decision is final and cannot be appealed. However, there are some exceptions. Parties may request a review of a decision by an appeals court for various reasons, such as if the ruling is deemed to be unlawful or if the award is excessive. Securities arbitration is a more efficient and less expensive way to resolve disputes than litigation. Since the decision is final and binding, parties must be willing to comply with the ruling. This is why it is important to have experienced counsel who can make sure that the decision is fair and reasonable. In California, the process is administered by the Financial Industry Regulatory Authority (FINRA). FINRA is responsible for the enforcement of securities arbitration decisions. This includes ensuring that the parties comply with the decision and enforcing the payment of damages if necessary. To sum up, a securities arbitration decision is legally binding in California. It is a more efficient and less expensive way to resolve disputes than litigation, and FINRA is responsible for the enforcement of the decision. However, parties can appeal the decision and request a review by an appeals court for various reasons.

Related FAQs

How binding is a securities arbitration decision?

Related FAQs

Related Blog Posts