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 North Carolina, the district court can review and modify the arbitration award if it is made in an irregular manner, or if a party to the arbitration proceedings was not given proper notice of the proceedings or the opportunity to be heard. Additionally, the court can review and modify the award if an arbitrator exceeded their authority or based their award on an incorrect interpretation of the law. The court can also set aside an arbitration award if it is based on an invalid underlying contract or violates the public policy of North Carolina. However, it is important to note that the court has a limited amount of authority to review the award, as most matters are left to the discretion of the arbitrator. The court must also determine whether the challenges are based on actual errors, or if the party is simply seeking to have the court reverse the arbitrator’s decision. All challenges to the award must be made within 30 days of the award being entered, or else they are barred. It is important to note that if a party to the arbitration proceedings is unhappy with the outcome, they must first challenge the award in court before they can bring a new action in the same matter.

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

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