Are there any grounds for setting aside a securities arbitration award?

Yes, grounds for setting aside a securities arbitration award in Texas exist. A party may file a motion to vacate or modify an arbitration award if the arbitrator failed to comply with the law or made an evident mistake. The party must file the motion within ninety days after the award is issued. Additionally, the party can also file a motion to vacate or modify an arbitration award if they can prove that the arbitrator misconducted himself or engaged in other irregular conduct. The party must show that the amount of the award was clearly excessive or that the original arbitrator was partial or corrupt. An additional ground for setting aside a securities arbitration award in Texas is if the award is in violation of public policy. If the findings in the award are so absurd or the award itself is unenforceable under the law, then it may be set aside. Lastly, an arbitration award may be set aside if it is based on an unenforceable contract or contains a provision that violates an applicable statute or case law. Any motion to set aside an arbitration resolution must be filed within ninety days after the award is issued. If the motion is not filed within this timeframe, it will not be accepted and cannot be reconsidered.

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Are there any grounds for setting aside a securities arbitration award?

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