Is there a way to expedite the hearing of securities arbitration claims?

Yes, there is a way to expedite the hearing of securities arbitration claims in North Carolina. The North Carolina Department of the Secretary of State offers expedited proceedings for certain types of claims that arise out of the business of securities. These claims have to meet specific criteria to be eligible for expedited proceedings. The criteria to be eligible include the amount in controversy, the complexity of the case, the issue of whether a modification to the hearing schedule is necessary to prevent an injustice to the parties involved, and whether the parties agree to the expedited process. If all of these criteria are met, the North Carolina Department of the Secretary of State will process the claim as an expedited proceeding. The expedited proceedings are handled differently than the regular securities arbitration claims. Generally, the discovery period is limited, the timelines are accelerated and the hearings are typically scheduled within two to three months. The hearings also tend to be held via videoconference or telephone rather than in person. In addition, the arbitrator will hear the case and issue a ruling within a condensed timeline. The North Carolina Department of the Secretary of State is committed to providing the best resolution for the parties involved. It is important to note that there is no guarantee that a claim will be heard via expedited proceedings, but it can be an option if all of the criteria are met.

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