Is there a way to modify a securities arbitration award?

Yes, it is possible to modify a securities arbitration award in Kansas. Generally, the parties to the arbitration have the right to petition the court for a modification or a vacatur of an arbitration award. If an arbitrator failed to follow a local rule or adopted an incorrect legal standard, or failed to consider all of the evidence submitted, the court can modify the award. Also, in some cases, a party may be able to convince the court that the arbitrator made mistakes of fact or law, or failed to consider relevant evidence. The Kansas courts will also review the award to make sure that the process of arbitration was fair and that the award does not violate public policy. If any of these are found to be present, the court can vacate or modify the award. It is important to note that the courts will not modify the award if the parties simply disagree with its result. Ultimately, the courts will not weigh in on the merits of the case, and the award will stand as is unless it fails to meet the legal standards of Kansas.

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