What is the process for collecting a securities arbitration award?

Securities arbitration awards are rulings by an arbitrator or arbitration panel regarding a dispute between two or more parties related to the purchase or sale of securities. In California, the process for collecting a securities arbitration award is governed by the California Code of Civil Procedure (CCP). First, the arbitrator or arbitration panel must issue the award and file it with the court. After filing the award with the court, the court will enter a judgment in favor of the party receiving the award. This step is necessary in order for the party to be able to collect monies from the award. Once the judgment has been entered by the court, the party who has won the award can begin the collection process. They can do this by utilizing the legal processes which are available to enforce the award. This includes garnishment of the losing party’s wages or bank accounts, or the attachment of their assets. The winning party should ensure that the losing party has been properly served with notice of the enforcement action, as required by law. Once the collection process has been completed, the winning party may be able to recover their attorney’s fees and costs associated with the arbitration process. Additionally, they may be entitled to interest on the award from the date of the award, until the date of collection. In California, the collection of a securities arbitration award can be a lengthy and complicated process. It is important for the parties involved to obtain legal advice from a qualified attorney in order to ensure that their rights are properly protected and that all steps of the process are followed.

What is the process for collecting a securities arbitration award?

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