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

In Utah, parties to a securities arbitration case may have several remedies available to them. These include the exchanging of monetary compensation, orders to have the other party comply with an agreement, or, in some cases, the ordering of specific performance. Compensatory damages are the most common type of remedy available to parties in a securities arbitration case. It is when a party is ordered to pay money to the other in an amount that is meant to make up for any losses due to the other party’s breach of contract or wrongful conduct. Another type of remedy available is known as Specific Performance. This is when a court orders a party to stop an activity that was not agreed to in the contract. This is relatively rare in securities arbitration cases but can be used when other remedies are not applicable. Injunctive relief is also an option for parties in a securities arbitration case. It is when a court orders a party to do something or refrain from doing something. This is often used when a party is in violation of the contract or has engaged in illegal or wrongful conduct that needs to be addressed. Finally, rescission and reformation are other remedies available to parties in a securities arbitration case. Rescission is the cancellation of a contract, while reformation is a court-ordered interpretation of the contract that changes its meaning. Both can be used to address issues resulting from a breach of contract or other wrongful conduct.

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

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