Is it possible to challenge a securities arbitration award in a court of law?

Yes, it is possible to challenge a securities arbitration award in a court of law in Florida. A securities arbitration award is a decision made by an arbitration panel concerning a dispute between two parties involving a security, such as stocks or bonds. When a party is dissatisfied with the arbitration panel’s decision, they may choose to challenge the award in a court of law. In Florida, the challenging party must file a petition with the circuit court in the county where the arbitration took place within five days of the award being entered. The petition must state specific grounds for why the award should be vacated or modified. Possible grounds for challenging the award in Florida include the panel’s violation of state or federal law, acts constituting misbehavior or misconduct by the panel, or an award that is beyond the scope of the arbitration contract. If the court finds that any of the grounds for challenging the award are valid, the court may then choose to modify or vacate the arbitration award. Additionally, the court may choose to order a new arbitration hearing on the matter. Although it is possible to challenge a securities arbitration award in a court of law, it is important to note that the court will rarely interfere with the decision made by the arbitration panel. For this reason, pursuing arbitration is often the best course of action to resolve a dispute involving a security.

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