How does a securities arbitration decision become final?

A securities arbitration decision becomes final when it is confirmed by the court or when the time for appeal of the decision has expired. In Washington, the time period for appealing a securities arbitration decision is 30 days from the date of the award. The court confirmation process is a form of judicial review to ensure that the arbitration process was conducted properly and that the parties were given an opportunity to be heard. The court may modify, vacate, or confirm the arbitration award. If the award is modified or vacated, the arbitration panel may have to reconsider the case. The court confirmation process provides a final decision that can be enforced. The decision becomes final and unappealable either when the court confirms the award or when the 30-day appeal period has passed. The award is then binding on the parties and can be entered in court in order to be enforced. Once a securities arbitration award is final, the award may be enforced in any state court, regardless of the state where the arbitration was held. This is part of a process called “domestication of judgment”, which allows the award to be enforced in any state. The award may also be enforced in any federal court.

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