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Simple English definitions for legal terms

Securities dispute resolution: Enforcing awards

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A quick definition of Securities dispute resolution: Enforcing awards:

When investors have a disagreement with a brokerage firm or licensed broker, they can go to FINRA arbitration to resolve the issue. If the investor wins, they are awarded money that must be paid within 30 days. If the opposing party doesn't pay, the investor can go to court to enforce the award. However, the opposing party can also ask the court to vacate the award within 30 days. The court will only vacate the award if there was corruption, unfairness, or the arbitrators exceeded their powers. This is hard to prove, so courts rarely vacate an award. The time limit for vacating an award is three months, while the time limit for enforcing an award is one year.

A more thorough explanation:

When investors win awards in FINRA arbitration, they must be paid within thirty days. If the opposing party does not pay, the investor can seek enforcement of the award through the courts. The Federal Arbitration Act provides for the enforcement of arbitration awards. The losing party may request a court to vacate the arbitration award within thirty days. The court shall confirm the award unless it finds one of the grounds for refusal or deferral of recognition or enforcement of the award specified in §10 of the Federal Arbitration Act.

For example, if an investor wins an award of $100,000 in FINRA arbitration, the opposing party must pay within thirty days. If they do not pay, the investor can seek enforcement of the award through the courts. The court will confirm the award unless there is evidence of corruption, fraud, or undue means, or if the arbitrators exceeded their powers.

Another example is if the opposing party declares bankruptcy or decides to leave the securities industry. In this case, the investor may not receive their award, even if they win in arbitration. They can still seek enforcement of the award through the courts, but they may not be able to collect if the opposing party does not have the funds to pay.

These examples illustrate how investors can seek enforcement of their awards through the courts if the opposing party does not pay. The Federal Arbitration Act provides for the enforcement of arbitration awards, but there are limited grounds for vacating an award. As a result, courts rarely vacate an award.

Securities dispute resolution: Discovery | Securities dispute resolution: Experts

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I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
IrishDinosaur
13:38
I'm convinced USC doesn't really exist
IrishDinosaur
13:38
it's an elaborate hoax
i showed a guy at asd my lsd profile. little does he know that im an influencer
babycakes
16:36
u such a crazy flexer
the fellas were impressed by the r less cycle
you guys have really impressive lsats, nice job
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