How are the Parties Notified of the Arbitrators' Decision?

When the arbitrators have reached their decision and have signed an award, copies will be sent to the parties by the SRO. The award shall be in writing and signed by a majority of the arbitrators. The award may be entered by the prevailing party as a judgment in any court of competent jurisdiction.

 

Arbitrators shall endeavor to render an award within 30 business days from the date the record is closed. The Director shall endeavor to serve a copy of the award: (i) by facsimile or other electronic means; or (ii) by registered or certified mail upon all parties, or their counsel; or (iii) by personally serving the award upon the parties; or (iv) by filing or delivering the award as authorized by law. Always consult the rules of the sponsoring organizations.

 

The award will contain the names of the parties, the names of counsel, if any, the dates the claim was filed and the award was rendered, the number and dates of the hearing sessions, the location of the hearings, a summary of the issues including the type(s) of any security or product in controversy, the damages and other relief requested, the damages and other relief awarded, a statement of any other issues resolved, the names of the arbitrators, and the signatures of the arbitrators concurring in the award.