How does a securities arbitration decision become final?

A securities arbitration decision becomes final once it is issued. This means that the Arbitrator has reached a binding decision and all parties to the claim must abide by the terms laid out in the decision. In North Carolina, a securities arbitration decision becomes final either when all parties to the claim have voluntarily signed an agreement to accept the decision (known as a ‘Award on Stipulation’) or when the Arbitrator makes a written award that is not appealed. For an Award on Stipulation to be valid, all parties to the claim must agree to the terms of the decision, and agree to be bound by the terms of the decision. Once the Award on Stipulation is accepted, the securities arbitration decision becomes final and all parties must abide by the terms of the decision. If the parties to the claim cannot agree to an Award on Stipulation, the Arbitrator can render a written award that is binding and final if it is not appealed. Generally, an Appeal must be brought within 30 days of the date of the award for it to be successful. If no Appeal is brought within the allotted time, the securities arbitration decision becomes final. Once a securities arbitration decision is final, all parties must abide by the terms of the decision. It is essential that parties understand the finality of securities arbitration decisions, as failure to comply may result in enforcement proceedings. It is important to understand all aspects of securities arbitration proceedings in North Carolina before entering into an arbitration agreement.

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