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Simple English definitions for legal terms

Securities dispute resolution: Deliberation, awards, and fees.

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A quick definition of Securities dispute resolution: Deliberation, awards, and fees.:

Securities dispute resolution is the process of solving disagreements between people or companies involved in buying and selling stocks, bonds, or other financial products. After a hearing, the person or group in charge of making a decision, called an arbitrator, will go away and think about what they heard. They will then write down their decision in a document called an "award." This decision is usually final and cannot be changed unless there are very good reasons. The award will say who won the case and if any money needs to be paid. The arbitrators can also make people do things or stop doing things, like in a court.

A more thorough explanation:

Securities dispute resolution is the process of resolving disputes between investors and brokers or brokerage firms. After hearings are concluded, the arbitrator or panel of arbitrators retires to deliberate and issue a decision in the form of a written document called an “award.”

For example, if an investor believes that their broker has engaged in fraudulent behavior, they may file a claim with a securities arbitration panel. After the hearing, the panel will deliberate and issue an award.

The length of deliberations depends on a number of factors, including the number of arbitrators and the complexity of the case. According to the Financial Industry Regulatory Authority (FINRA), arbitrators should make a final decision within thirty (30) days after they close the record.

Decisions are based on the pleadings, the evidence, and the testimony admitted at the hearing. The arbitrators may also request additional facts and/or briefs from the parties before making their award.

Awards are generally final, and an arbitrator’s decision can only be overturned by a court under very limited circumstances. Usually, awards are brief, and only include very basic information, including which party prevailed, and the payment of damages, if any.

For example, if the arbitration panel finds that the broker engaged in fraudulent behavior and caused the investor to lose money, the panel may order the broker to pay damages to the investor.

The arbitrators can provide much of the same relief as could be obtained in court. The panel can order payment of compensatory or punitive damages, order specific performance by ordering any party to do or refrain from doing any action, and even issue injunctive relief.

For example, if the arbitration panel finds that the broker engaged in fraudulent behavior and is likely to continue engaging in such behavior, the panel may issue an injunction prohibiting the broker from engaging in such behavior in the future.

Finally, the arbitrators may also award attorneys’ fees and costs to the prevailing party. This means that if the investor prevails in the arbitration, the broker may be required to pay the investor’s attorneys’ fees and costs.

For example, if the arbitration panel finds that the broker engaged in fraudulent behavior and caused the investor to lose money, the panel may order the broker to pay damages to the investor as well as the investor’s attorneys’ fees and costs.

Securities dispute resolution: Deciding whether to file an arbitration claim | Securities dispute resolution: Discovery

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BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
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