Is there a procedure for appealing a securities arbitration ruling?

Yes, you can appeal a securities arbitration ruling in Florida. Generally, appeals are handled by the American Arbitration Association (AAA). The AAA Arbitration Rules provide a mechanism for appealing the decision of a securities arbitrator in Florida. The first step in the appeals process is to file a written notice of appeal with the AAA within ten days of the arbitrator’s award. In this notice, the appellant must state the grounds on which he or she believes the award is incorrect. The appellant must also submit a copy of the notice to the respondent. Next, the AAA will rule on the appeal. They will review all documents and arguments made by the appellant and respondent. The AAA panel can affirm, modify, or reverse the arbitrator’s decision. Finally, the AAA will issue a written opinion or “opinion and award” that explains the effect of their ruling. This opinion and award can also be appealed—but such appeals are extremely rare and rarely rejected. In summary, if you disagree with a securities arbitration ruling in Florida, you can file an appeal with the AAA using the rules and procedures outlined above. If the AAA panel affirms the decision of the arbitrator, you can appeal their decision but such cases generally have little chance of success.

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