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Simple English definitions for legal terms

Securities dispute resolution: Experts

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A quick definition of Securities dispute resolution: Experts:

Experts are people who can give their opinions on different issues related to securities disputes. They can help explain complex transactions and provide information to support claims made by either the person making the claim or the person defending against the claim. The decision to hire an expert depends on factors like the type of claim being made and the cost of the expert compared to the amount of money being claimed. The Financial Industry Regulatory Authority (FINRA) has rules related to experts, including allowing the arbitration panel to decide whether to allow an expert witness to testify. Once an expert witness is allowed to testify, the party that called the expert asks questions to the expert through a direct examination, and the opposing party may question the expert through a cross-examination. The arbitrators may also question the expert.

A more thorough explanation:

Experts are individuals who can provide their opinions on various issues related to securities disputes. They can offer necessary information to support claims made by either the claimant or the respondent. Experts can help explain complex transactions and provide expert testimony to support a party's case.

For example, in a securities dispute, an expert may be hired to provide an opinion on the management of an account or the calculation of profits. The decision to hire an expert depends on several factors, such as the type of claim or defense being made, the cost of the expert compared to the amount claimed as damages, and the need for expert testimony compared to background information.

The Financial Industry Regulatory Authority (FINRA) provides rules related to experts in securities disputes. These rules include:

  • Rule 9263, which authorizes the Hearing Officer to exclude irrelevant, immaterial, unduly repetitious, or unduly prejudicial evidence, including expert testimony.
  • Rule 9242(a), which authorizes the Hearing Officer to order a party to provide an expert's qualification statements, publications, and involvement in other proceedings.
  • Rule 9242(b), which prohibits a former officer of FINRA from testifying within a year of leaving FINRA.
  • Rule 12602 (for customer disputes) and Rule 13602 (for industry disputes), which permit expert witnesses to attend all hearings absent persuasive reasons to the contrary.

The arbitration panel determines whether to allow an expert witness to testify. The standards used in litigation provide a helpful guide. Federal courts may allow expert witnesses to testify if their knowledge helps the trier of fact to understand the evidence or to determine a fact in issue, the testimony is based on sufficient facts or data, the testimony is the product of reliable principles and methods, and the witness has reliably applied the principles and methods to the facts of the case. State courts may impose different rules. Arbitrators are not bound by either federal or state standards in evaluating the expert.

Once an expert witness is permitted to testify in arbitration, the party that called the expert asks questions to the expert through a direct examination. The opposing party may question the expert through a cross-examination. The arbitrators may also question the expert.

Securities dispute resolution: Enforcing awards | Securities dispute resolution: Filing a complaint

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23:00
Ropes wen we get dat bama a wanna throw a party
[] c0bra1
23:01
biking is fun but theres also crazy ppl on the citibikes im scared of them
23:01
yesss let's havva a partty
23:01
are those the shared bikes u can rent (from da country middle of BFE)
[] c0bra1
23:01
glad theres bike lanes tho at home u just get run over by cars
[] c0bra1
23:02
yes the rentable ones
[] c0bra1
23:03
i walk/train mostly though i am actually a fan of the mta
23:03
There is this dood on utube who does uber eats in DC and I fear for his life every day
23:04
@c0bra1: oh nice. Yeh
[] c0bra1
23:05
i love that guy! bikingdc!
[] c0bra1
23:05
but yeah he does objectively dangerous stuff sometimes lol esp in the snow
23:10
yeah he plays with fire then wonders why he gets burned
23:10
he has such a good heart, like half his customers deserve no food
23:11
they mad disrespectful and rude
NarrowFaithfulCougar
23:39
@llama: Ehh most people are not aware of how they come off or how selfish they really are. I think if you are heating up a metaphorical crack pipe of convenience filled with gluttony and sloth, the majority of the people you attract are going to be like that. I hope RFK bans doordash/grubhub/uber eats etc. I have good stories from when I did that shit and I have the worst. The biking DC guy honestly gets average people. The average person just sucks.
NarrowFaithfulCougar
23:40
No faith in humanity man. I got absolutely none :(
NarrowFaithfulCougar
23:40
My brother got into a knife fight with some asian guy in Irvine, CA during COVID cus he wasn't wearing a mask in his car.
NarrowFaithfulCougar
23:42
"It's a real knife fight out there" - https://www.youtube.com/watch?v=48TySs8x2Dk
23:59
bro wants to ban doordash
NarrowFaithfulCougar
0:08
Shii I would ban people from eating fast food if I could but you would literally have to have the national guard outside of kfc to do that.
NarrowFaithfulCougar
0:10
Never gunna have universal healthcare in this country if this shit exists.
Damn bruh sound like a you problem to me
Bro never heard of a diet he mad cus mcdonalds be putting dem pouuuunds on him
NarrowFaithfulCougar
0:16
I have never ate there lol. What puts the pounds on me is the fucking izakaya yakitori.
0:24
@MrThickRopes: yeah bro after they launched the app I be buying err thang
MrThickRopes
0:58
same bruh
Mostlylegal
8:51
why wouldnt you just shut down the kfc?
MrThickRopes
9:08
Is we getting decisions dis morning?
only if you make it clap
Mostlylegal
9:24
fo pm @mrrickthopes
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