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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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16:44
Yeah, I would have definitely gone to the hotel if I knew they booked a room for me. At the very least, it would be proper to show up personally and explain your extraneous circumstances
Law-Shark
16:44
Nah but it's in your name. I went to an ASD. I asked the school for an extra night and they gave it to me. You just need to plan things better.
Law-Shark
16:45
This is like peak disconenct between the male and female brain.
16:45
i think that's where i was confused then
Law-Shark
16:45
disconnect*
Law-Shark
16:45
You live and you learn
16:45
because i did let one of the staff know i'd be leaving early and thought that would be enough
16:46
but i was confused why i got an e-mail with a room cuz I didn't ask for it at all
Law-Shark
16:46
Well, you know now what to do.
16:47
well on their end they prob shouldn't just be buying hotel rooms for ppl who don't request it and then getting mad I didn't go
16:48
goof
16:48
Did you get any materials for admitted students day explaining that they would be booking hotel rooms?
16:49
there was an opt in on the form but I didn't select yes
16:49
Hmm, that's weird
16:50
i think it's unprofessional of them to call you like what if you had an emergency and had to leave? why is it their business why you didn't stay? not like they're lacking money and $100.00 hotel room is gona make them bankrupt
16:50
i figured it was an error and I was on the road so I didn't read into it. plus it would make more sense for it to be the night before cuz it started at 9am? so I was like uhhh and paid it no mind
16:51
@bigfatsloth: that's what i'm saying, they were gonna pay no matter what
16:54
"This is like peak disconenct between the male and female brain." like bffr
16:55
It was probably an administrative error then. I can't imagine why they would book hotel rooms for people that didn't select yes. I would maybe follow up with them and apologize for the misunderstanding to avoid any awkwardness
Denny
16:56
who watch that arsenal game
16:56
I'm a Chelsea fan unfortunately
damn why are yall fighting i the lsd.law gc
Denny
17:14
@ET025: but ur not watching champions league?
Denny
17:15
declan rice did a madness
17:20
@Denny: Not today. Doing more LSAT studying this afternoon, but I saw that. I think Chelsea missed out on him. (this is probably more suited for OT)
Does anyone have experience getting their aid package reconsidered at WashU? How long does it take to hear back after sending the form?
MrThickRopes
21:01
fo pm gon be good to us tmrw
Mr ropes is hopeful again so I am too
21:33
lets go ropes
21:53
[deleted by starfishies]
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