Is there a special set of rules for securities arbitration proceedings?

Yes, there is a special set of rules for securities arbitration proceedings in Oregon. These rules are set out in the Oregon Securities Act, which is the state’s main law governing securities arbitration. The act explains what types of disputes may be arbitrated, who may serve as arbitrators, what the parties must do to begin an arbitration, and what procedures must be followed during the proceedings. The Act outlines the procedures for selecting a panel of arbitrators, setting a hearing date, exchanging information and documents, making and responding to motions, and conducting hearing, as well as deciding the dispute. It also requires the arbitrators to decide the dispute based on the evidence presented. Other rules govern what parties may do and the types of relief that can be awarded. For example, under Oregon law, arbitrators may award compensatory damages, punitive damages, attorney fees, and other types of remedies. The parties are also limited in the types of discovery they may conduct. Finally, the Oregon Securities Act provides that securities arbitration proceedings should be confidential, and that the arbitrators must keep the proceedings and the Award confidential. This helps protect the parties and preserve the integrity of the process.

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