What is the process of enforcing a securities arbitration award?

The process of enforcing a securities arbitration award in Florida is quite straightforward. First, the party that has been awarded the securities arbitration award must file a certified copy of the award with the court in the county where the dispute took place. Once the award has been filed, the court will enter the award as a money judgment. This judgment is then treated the same way as any other judgment issued by a court, meaning it can be collected from the party that lost the case. The party that lost the dispute can file an appeal challenging the award within 30 days of the award being filed with the court. However, appeals are not often successful in securities arbitration cases and are very rarely granted. If an appeal is granted, the appeals court will review the case and either approve or overturn the award as they see fit. Once the judgment is entered into the court system, the court clerk will issue a writ of execution, which is essentially an order from the court for the party that lost the case to pay the award to the winning party. If the losing party does not pay the award, the court may issue a garnishment or place liens on the party’s assets, such as bank accounts or real estate. In some cases, the court may also appoint a receiver to seize and sell the losing party’s assets in order to pay the award. However, the court typically orders that the receiver only seize and sell assets that are in the possession of the losing party at the time the award was issued, not subsequently acquired assets. If the court-ordered payment is still not made, the court may also issue a bench warrant for the arrest of the party that lost the case.

What is the process of enforcing a securities arbitration award?

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