When investors are granted awards in FINRA arbitration, they must be paid within thirty days unless the opposing party files a motion to vacate the award in a court. Because FINRA has authority to suspend brokerage firms or licensed brokers that do not...
courts and procedure
Securities Dispute Resolution: Response
After the complaining party, or claimant, files a Statement of Claim and pays the required fees, the opposing party, or respondent, is served with the Statement of Claim, and a cover letter explaining the arbitration process and setting a time for...
seizure
Seizure occurs when the government or its agent removes property from an individual's possession as a result of unlawful activity or to satisfy a judgment entered by the court.
self-incrimination
Self-incrimination is the intentional or unintentional act of providing information that will suggest your involvement in a crime, or expose you to criminal prosecution.
The Fifth Amendment provides protection to individuals...
sentencing
sentencing: an overview
A criminal sentence refers to the formal legal consequences associated with a conviction. Types of sentences include probation, fines, short-term incarceration, suspended sentences, which only take effect if the convict fails...
separate but equal
“Separate but equal” refers to the infamously racist decision by the U.S. Supreme Court in Plessy v. Ferguson (1896) that allowed the use of segregation laws by states and local governments. The phrase “separate but equal” comes from part of the Court’...
sequestration
1. Process of removing property from its possessor, pending the outcome of a judicial dispute between multiple parties who claim ownership.
2. Judicially ordered seizure of goods, as from a bankrupt party, or a person who acts in contempt of...
service
Service is the formal delivery of litigation documents to give the opposing litigant notice of the suit against them. The concept requiring proper service before individuals may be brought to court is also often referred to as service of...
service by fax
Service by fax is a substitute delivery of litigation documents to give the opposing litigant notice of the suit against them by faxing the documents to the party or parties requiring service. Generally, a person must consent to service by...
service by mail
Service by mail is a substitute delivery of litigation documents to give the opposing litigant notice of the suit against them by mailing the documents to the party or parties requiring service. In federal court, Federal Rule of Civil...