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

In Kansas, securities arbitration awards can require payment of costs and attorney fees. This is decided on a case-by-case basis and will depend on the facts of the dispute and the specific rules of the arbitration process. Costs and attorney fees may be awarded to either the claimant or the respondent, depending on the outcome of the case. Generally, the party that prevails in an arbitration case may be able to recover some or all of their costs and attorney fees. The losing party will typically be ordered to pay the costs and fees of the prevailing party. The Financial Industry Regulatory Authority (FINRA) governs how arbitration is to be conducted in Kansas for disputes related to securities. Pursuant to its rules, FINRA may consider the costs and fees associated with an arbitration case when determining how a case should be decided. This means that recovery of costs and fees may be taken into consideration when deciding how much money one party is to pay the other party. In Kansas, securities arbitration awards are binding and enforceable. This means that if an award requires payment of costs and attorney fees, the party must comply with the ruling and pay those amounts. If an award is not complied with, it may be enforced through a court order.

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

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