Is there a limitation on the amount of damages that can be awarded in a securities arbitration case?

Yes, there is a limitation on the amount of damages that can be awarded in a securities arbitration case in Florida. Generally, the maximum amount of damages that can be awarded is capped at $500,000 in total. This cap may be increased up to $2,000,000 in certain cases. In order for a claimant to receive more than $500,000 in damages, they must file a request within the arbitration proceedings to increase the award to an amount higher than the $500,000 cap. This request must be granted in order for a claimant to receive a larger award than the default maximum of $500,000. The limitation on the amount of damages that can be awarded is intended to limit the number of large claims that can be brought against a party in a securities arbitration. By capping the amount of damages that can be awarded, the chances of a securities arbitration proceeding becoming too expensive for the defendant to afford is greatly reduced. Overall, the limitation on the amount of damages that can be awarded in a securities arbitration case in Florida is in place in order to protect claimants as well as defendants from excessive damages being awarded in a proceeding.

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Is there a limitation on the amount of damages that can be awarded in a securities arbitration case?

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