Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Securities dispute resolution: Prehearing

Read a random definition: Federal Rules Decisions

A quick definition of Securities dispute resolution: Prehearing:

Before a securities dispute goes to a hearing, there is a prehearing conference where the panel sets deadlines for things like gathering evidence, writing briefs, and making motions. They also schedule future hearing sessions and deal with other important matters. This meeting is usually held over the phone, but the parties can request to meet in person. If the parties agree not to have a prehearing conference, they must still provide important information in writing to the Director of Arbitration of the Financial Industry Regulatory Authority (FINRA).

A more thorough explanation:

When there is a dispute between parties in the securities industry, they may choose to resolve it through arbitration. Before the actual hearing takes place, there is a prehearing conference where the panel appointed to oversee the arbitration will set deadlines and address preliminary matters.

The first prehearing conference is called the Initial Prehearing Conference. During this meeting, the panel will:

  • Set deadlines for discovery, briefing, and motions
  • Schedule subsequent hearing sessions
  • Address other preliminary matters that will simplify or expedite the arbitration

This meeting is usually held over the telephone, unless the parties object otherwise.

The parties may agree not to hold the Initial Prehearing Conference. However, they must provide the following information, in writing, to the Director of Arbitration of the Financial Industry Regulatory Authority (FINRA):

  • A statement that the parties accept the panel
  • Whether any other pre-hearing conferences will be held, and if so, for each pre-hearing conference, a minimum of four mutually agreeable dates and times, and whether the chairperson or the full panel will preside
  • A minimum of four sets of mutually agreeable hearing dates
  • A discovery schedule
  • A list of all anticipated motions, with filing and response due dates
  • A determination regarding whether briefs will be submitted, and, if so, the due date for the briefs and any reply briefs

For example, if two parties are in a securities dispute and they agree not to hold the Initial Prehearing Conference, they must still provide the necessary information to the Director of Arbitration of FINRA. This includes setting hearing dates, a discovery schedule, and deadlines for motions and briefs.

Overall, the prehearing conference is an important step in the securities dispute resolution process as it sets the groundwork for the actual hearing and ensures that both parties are aware of the deadlines and procedures involved.

Securities dispute resolution: Hearings | Securities dispute resolution: Response

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
LSD+ is ad-free, with DMs, discounts, case briefs & more.