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

In Washington, there are various remedies available to parties to a securities arbitration case. This usually happens when one party has been wronged or has suffered loss because of a breach of contract or other wrongdoing within the securities industry. The most common remedy is monetary damages. The tribunal or arbitrator assigned to the case will hear arguments from both sides and then determine an amount the wronged party will receive for their losses. This amount may cover loss of profits, medical expenses, and attorney fees associated with the case. Sometimes, the tribunal or arbitrator may award punitive damages. Punitive damages are awarded to punish the wrongdoer for their actions. They are typically much higher than compensatory damages, and they may be used to deter the wrongdoer from committing similar actions in the future. Parties may also be awarded certain equitable remedies or orders. This could include an injunction, a restraining order, or a specific performance order. An injunction is a court order prohibiting one or both parties from engaging in certain activities or behaviors. A restraining order is a court order requiring one or both parties to stay away from certain things or locations. A specific performance order forces a party to perform a particular action or to refrain from action. In some cases, the tribunal or arbitrator may award the wronged party a declaratory judgment. This is a court order determining the rights and obligations of the parties involved, and it may be used to settle disputes between them. No matter what the remedy, it is important for both parties to understand their rights and obligations under the law during a securities arbitration case in Washington.

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