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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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it's the worst when the weather is this shit and there isn't even any snow like at least let it be aesthetic (although snow in nyc is the opposite of that)
snow
10:33
india ass band
10:33
checking in on Wake Forest. Y'all heard anything?
LSDFan
10:34
@m10 are you FLEP
m10
10:34
@LSDFan: nah lol, I am just using my GI Bill. I do not feel like going back.
LSDFan
10:34
good call
BulbasaurNoLikeCardio
10:34
@m10: 110% agree, china has a truly amazing HUMINT network and espionage skills that much of our military is infiltrated or committing willful negligence of duty in prevent and protection. @babycat: PSYOP is pretty small on the AD side but I left the community to go play with Apaches and drones in 2018/19
10:35
Daily check in , stay chillin
10:35
anyone touring hls today?
10:35
Same @m10
10:36
also my softs are bordering t3-t2. would it be worth for me to R+R if im trying for t4
soap
10:36
Maybe see where you get in, then R&R if you feel it’s necessary?
m10
10:36
Psyop guys will try and convince you they are like secret masterminds. I had this one guy whose wife would call me every week and she would tell me about how her husband just like disappeared and could not be found cus he was a specialy trained psyop officer. I found his phone number and called him the same day online. That woman was gaslit so hard.
babycat
10:37
is t4 HYSC? yeah prob your odds are not too great for those with 3.7 and 171 unless you’re really extraordinary
WorthlessAttractiveZombie
10:37
I agree with soap on this one, just wait it out and see where you get into. You could always transfer (although I wouldn't go in with the intention of transferring)
soap
10:37
Transferring is hard and you don’t get money. I wouldn’t do anything with the intent of transferring
Disagree with the transfer. But, yeah a 3.7, 171 is not HYSC material—so unless you’re a Rhodes scholar, or something it is highly unlikely.
JumpySubsequentDolphin
10:38
did he mean t14
JumpySubsequentDolphin
10:38
I’ve never heard anyone call it t4 hahah
JumpySubsequentDolphin
10:39
I thought it was always t6 and t3
soap
10:39
If you’re aiming for T14, that’s definitely doable
10:39
nah t4 is a thing, maybe old ive been on lsa and lsd for like 4 years now lol
m10
10:39
Fuck this all reminds me. I got to call and see if I am still being deposed.
JumpySubsequentDolphin
10:40
@Mostlylegal: oh oops hehe
BulbasaurNoLikeCardio
10:40
@m10: most of PSYOP are guys who failed SFAS and Ranger so much so they can't go back and think being SOCOM makes them SF. I loved the cultural side of it all, going to embassies and running influence operations. Doing KLEs and training with foreign militaries was amazing. Learned so much about the world by talking to those who live all over it. Then got lucky and worked with a Marine HIT overseas and would tag along when they kidnapped people to do some stuff lol The rest of the time was a lot of reports and KLEs
babycat
10:40
t4 is a concept being perpetuated by Big Chicago
soap
10:41
Chicago rejected me in undergrad, so I have beef
shaquilleoatmeal
10:41
Was there an hls ii wave yesterday?? Didn’t go online at all and feel out of the loop lmfao
m10
10:42
@BulbasaurNoLikeCardio: Did not know that but it makes sense. That sounds like a cool career. I would have liked to have done that too. I really would have just liked to have gone OCONUS once.
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