Is there a cost associated with appealing a securities arbitration award?
Yes, there is a cost associated with appealing a securities arbitration award in Florida. The cost is the filing fee required by the Financial Industry Regulatory Authority (FINRA). This fee is paid by the appealing party and is based on the amount in dispute; typically, it ranges from $100 to $2,400. In addition to the filing fee, some parties may also incur litigation costs or attorney fees for the appeal. Litigation costs might include costs for processing documents, printing, or submitting evidence. Attorney fees may also apply if you hire a lawyer to represent you in the appeal process, and may include an hourly fee as well as fees for the lawyer’s expert witnesses or other expenses related to the appeal. You should also consider that the appellate court may award the opposing party its costs, including filing fees, associated with defending the appeal. In addition, if you are unsuccessful in the appeal, the appellate court may assess other costs against you, including attorney fees. It is important to note that appealing a securities arbitration award can be an expensive process in Florida, and you should consider whether the potential benefit outweighs the cost of pursuing an appeal. You may also want to consult a lawyer to determine whether you have a legitimate basis for appealing the award.
Related FAQs
What types of sanctions can be imposed by a securities arbitration panel?Is there any way to avoid the costs associated with securities arbitration?
What is the process for amending a securities arbitration award?
Are there any special rules for bringing class action claims in securities arbitration?
Are there any time limits on filing a motion to vacate a securities arbitration award?
What happens if a party fails to comply with a securities arbitration award?
What is the role of the FINRA arbitration department?
What is the process of enforcing a securities arbitration award?
What is the relationship between securities arbitration and mediation?
Are there any limits on what kind of awards can be given in a securities arbitration case?
Related Blog Posts
A Guide to Understanding Securities Arbitration Law - July 31, 2023Navigating Your Securities Arbitration Case: Step-by-Step Guide for Investors - August 7, 2023
Securities Arbitration: How to Make the Most of Your Claim - August 14, 2023
Securities Arbitration 101: Understanding the Basics of Investor Claims - August 21, 2023
Explaining the Role of Arbitrators in the Securities Arbitration Process - August 28, 2023