Is a securities arbitration decision binding in other jurisdictions?

No, a securities arbitration decision is not binding in other jurisdictions. This is because securities arbitration is handled on a state-by-state basis, meaning that each state has its own laws and regulations that govern arbitration cases. In North Dakota, the North Dakota Uniform Arbitration Act governs securities arbitration decisions. This act states that arbitration awards are only binding and enforceable in North Dakota. This means that a securities arbitration decision rendered in North Dakota would be binding in North Dakota, but not in other states or jurisdictions. It is important to remember that arbitration is a private matter, and not a court proceeding, so the decision of the arbitrator is not a legal decision that applies across state lines. Therefore, an arbitration decision rendered in North Dakota is not binding in other jurisdictions.

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