What kind of witnesses may be called in a securities arbitration hearing?
In a securities arbitration hearing in Florida, witnesses may be called to testify to their knowledge of the facts of the case. Witnesses can be a range of people depending on the facts of the case. These may include expert witnesses, such as financial advisors or accountants, or they may also be witnesses of fact such as the parties to the dispute, family members, colleagues, or employees. The witness must have firsthand knowledge of the facts in question and attest that their testimony is true. The parties may also call witnesses for character testimony, which may be people who have personal knowledge of the reputation of the parties or the character of a witness being called. Witnesses may be required to provide sworn testimony in the hearing, and they may be asked questions by the parties, the parties’ lawyers, or by the arbitrator. Witnesses must answer all questions truthfully, and they may also be cross-examined by the parties’ lawyers. Once the witness has been heard by the arbitrator, they may also be called to testify again for additional depositions or be questioned by the arbitrator for clarification. The witness testimony is very important in a securities arbitration hearing, as it provides the arbitrator with the necessary information to make a fair and impartial decision in the case. Ultimately, it is the arbitrator’s responsibility to weigh the evidence presented and make a decision based on the evidence.
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