What remedies are available to parties to a securities arbitration case?

In New Hampshire, parties to a securities arbitration case may seek various remedies during their proceedings. If the parties can come to an agreement, they can enter into a binding arbitration agreement, which is a legally enforceable contract that resolves their dispute. This type of remedy is especially useful when the parties agree to compensate each other for a financial loss or to agree to a specific course of action. In addition to a binding arbitration agreement, parties to a securities arbitration case in New Hampshire may also be able to recover damages or seek other equitable relief. Damages refer to the compensation awarded by the arbitration panel to a party that has been wronged by the other party. This may include compensatory damages to cover financial losses, as well as punitive damages, which are awarded in order to punish the other party for their wrongful conduct. Finally, each party may also seek equitable relief. For instance, one party may request an injunction, which is a court order requiring the other party to take a particular action. Alternatively, a party may request specific performance, which is an order requiring the obligated party to perform their contractual obligations. In some cases, parties may also pursue rescission—a court order to undo a contract—or restitution, which compensates a party for money they paid to the other party.

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What remedies are available to parties to a securities arbitration case?

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