What is the process for collecting a securities arbitration award?

Securities arbitration in Florida is an alternative to traditional litigation and is the process of resolving disputes between investors and their financial advisors. When a dispute arises, the parties can agree to have their case heard by a neutral arbitrator, usually an attorney or retired judge. The arbitrator hears arguments and evidence from both sides and decides what the outcome should be. If an investor is successful in a securities arbitration case, they may be entitled to a monetary award. Collecting an arbitration award is a two-step process. First, the arbitrator’s award must be entered in a court of law. This is done by filing a petition in the court that the parties originally agreed to use. Once the award has been entered, the court will issue an order confirming it. The second step is to get the award paid. The award must be presented to the losing party, who can either pay it voluntarily or face enforcement of the award, which is done through a court order. The losing party may also be responsible for covering the cost of attorney’s fees and other related expenses. Once the award has been collected, the investor can receive the money that is due to them. For any questions about securities arbitration in Florida, it may be wise to consult a qualified attorney.

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What is the process for collecting a securities arbitration award?

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