Is there a procedure for appealing a securities arbitration ruling?

Yes, there is a procedure for appealing a securities arbitration ruling in North Dakota. According to North Dakota law, the appeal of a securities arbitration ruling must be brought within 30 days of the party receiving the arbitration ruling. The appeal must be filed with the North Dakota Supreme Court. The Supreme Court will review the decision of the arbitration panel and determine whether it is supported by the evidence or if there was an error in the determination of the facts or in the application of the law. The appeals court will consider the entire record and evidence that the parties submitted to the arbitration panel. If the court finds that the ruling was not based on the evidence, it can reverse or modify the ruling and enter a judgment in favor of the appealing party. The court can also remand the case back to the arbitration panel for further proceedings consistent with the court’s findings. If the appeals court affirms the arbitration ruling, the appealing party is responsible for the arbitration fees and costs awarded in the ruling, including attorneys’ fees and costs. The appellate court may modify or remand the ruling based on its review. However, in the event of an appeal, both parties should be aware that the appellate court can affirm, reverse, or modify the findings of the arbitration panel.

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