How are the costs of securities arbitration disputes divided?

In North Carolina, costs associated with securities arbitration are typically divided between the parties involved. Typically, the customer or investor pays for their legal expenses and may pay for a portion of the arbitration hearing fees depending on the outcome of the case. The broker or dealer may pay for the remaining portion of the arbitration hearing fees, as well as their own legal fees. Before the arbitration hearing, each party is required to submit a written statement to the arbitrator that explains the amount of fees they expect to incur. If either party disputes the amount of the fees requested by the other party, they can request a hearing on the issue. At the hearing, the arbitrator will decide whether to accept or reject the fees requested by each party. The arbitrator may also impose certain costs on the parties involved, such as filing fees or fees for access to certain records. In such cases, the party requesting the records will usually be responsible for this cost. Finally, any costs associated with the preparation of the arbitration cases, such as expert witness fees or transcripts, may be divided between the parties. Again, the arbitrator will make a determination in this regard. In summary, costs associated with securities arbitration disputes are generally divided between the parties, with the arbitrator deciding the amount each party should pay.

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How are the costs of securities arbitration disputes divided?

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