Is there a procedure for appealing a securities arbitration ruling?

Yes, there is a procedure for appealing a securities arbitration ruling in Texas. The arbitration decision can be appealed to the Texas Supreme Court. To do so, the person appealing the decision must first file a petition for a writ of mandamus with the court. This must be done within thirty days of receiving the arbitration award. The petition must contain the arbitration panel’s final award, a copy of the arbitration agreement, copies of any pleadings submitted in the arbitration case, and the signature of the party appealing the award. The party appealing the award must also pay a filing fee to the court. Once the petition is filed, the Texas Supreme Court will review the arbitration decision to determine whether it was rendered correctly. The court may affirm the award or find that an error was made. If the court finds that an error was made, it may modify or vacate the award. The Texas Supreme Court’s decision in the appeal is final. If a party wishes to appeal it to a higher court, they must petition the US Supreme Court. This is a lengthy and expensive process, so it is often only done for large cases involving a significant amount of money.

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