Who pays for the costs of securities arbitration hearings?

The costs of securities arbitration hearings are ultimately paid by the parties involved. Generally, the party filing the claim is responsible for the filing fee, as well as a portion of the associated administrative costs. The other party typically pays any remaining costs associated with the hearing. In North Carolina, the North Carolina Office of Consumer Affairs (OCA) regulates securities arbitration to ensure fairness and equal access to justice. The rules governing the costs of arbitration hearings are outlined in the North Carolina Securities Act. According to the Act, if the dispute is resolved within 60 days of the filing of the claim, the OCA will pay for the arbitration costs. Otherwise, depending on the outcome of the claim, the OCA may require the parties to split the costs, one party to pay the full costs, or the costs to be paid by the other party. Investors should always be aware of the potential costs associated with bringing a claim to arbitration, as they could be liable for the fees of the other party if their claim is not successful. Consulting with a qualified attorney is highly recommended to ensure you understand the costs associated with bringing a claim and the potential outcomes.

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Who pays for the costs of securities arbitration hearings?

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