Do securities arbitration awards require payment of costs and attorney fees?

Securities arbitration awards may require payment of costs and attorney fees for the parties involved. In California, the Financial Industry Regulatory Authority (FINRA) regulates the securities industry, and pursuant to FINRA’s arbitration rules, arbitrators must require that the losing party pay the costs associated with the arbitration. These costs may include the filing and administrative fees, as well as witness fees, depositions, hearing transcripts, and any foreign language translations. In addition, some Arbitration Awards may also require that the losing party pay all or a portion of the attorney fees of the prevailing party. However, the arbitrators are given discretion when it comes to the payment of attorney fees, and they must base this decision on the facts and circumstances of that particular case. In either case, the Arbitration Awards must be approved by a court before they take effect. In conclusion, yes, Securities Arbitration Awards may require the payment of costs and attorney fees, however, the exact details of the award may differ depending on the facts and circumstances of each individual case.

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Do securities arbitration awards require payment of costs and attorney fees?

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