How does a securities arbitration decision become final?
Securities arbitration decisions become final when all appeals have been exhausted and no other legal action can be taken. In New Hampshire, once a decision is rendered in a securities arbitration proceeding, the parties have 30 days to appeal the decision. If an appeal is filed, the appellate court will review the decision and the lower court’s ruling. The appellate court may affirm the decision of the lower court or reverse or modify it. If the decision is affirmed, or if no appeal is filed, the decision is final. The New Hampshire Investor Protection Bureau may also file a motion to intervene to review the arbitration decision if they believe it is not in the public interest. If the motion is granted, the investors and the involved company must explain why the decision should or should not be allowed to stand. The decision of the court is the final word in the case. The securities arbitration decision is also considered final if the parties have not mutually agreed to file a follow up lawsuit in a court of law. In some cases, the parties may agree to settle the matter out of court as part of their mutual agreement. Once a final decision has been rendered, investors have no right to sue the company or arbitrator involved in the dispute.
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