Is the evidence presented in a securities arbitration hearing the same as in court?
No, the evidence presented in a securities arbitration hearing is not the same as in court. In Oregon, securities arbitration hearings are conducted by the Financial Industry Regulatory Authority (FINRA). FINRA is a non-governmental organization that handles disputes between investors and securities brokers. As such, the evidence presented in a securities arbitration hearing is not subject to the same rules of evidence as in a court of law. In particular, FINRA does not have the power to require the production of documents or witnesses, and hearsay evidence is often more readily accepted than in a court of law. Additionally, in a securities arbitration hearing, the panel of arbitrators is not required to follow the strict legal rules that judges must adhere to in a court of law. Rather, the panel can consider any evidence they feel is relevant to the dispute and can also consider evidence that would not be allowed in a court. Ultimately, the evidence presented in a securities arbitration hearing may be different from what is presented in court, as the rules and procedures governing these hearings are different in Oregon.
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