Securities dispute resolution: Experts (证券争议解决:专家)

Securities dispute resolution: Experts (证券争议解决:专家)

Finding an expert(专家定义)

Originally prepared by Lucia Benabentos of the Cornell Law School Securities Law Clinic.

Experts can provide necessary information that supports claims made by either the claimant or the respondent. The decision to hire an expert depends on a number of factors:


1.  The type of claim or defense being made. 原被告主张的类型是否需要专家参与

2. Cost of the expert as compared to the amount claimed as damages. 比较聘请专家产生的花费与主张的赔偿

3. The need to explain complex transactions. 是否需要专家来解释复杂交易

4. The need for expert testimony as compared to background information.是否需要专家做出关于背景问题的证明

Experts can offer their opinions on a variety of issues, ranging from disputed facts in a securities arbitration claim (i.e.: the management of the account, calculation of profits) to disputes issues of law.


Determination of whether a witness is an “expert” depends entirely on the arbitral panel. However, the standards used in litigation provide a helpful guide in determining whether the witness qualifies as an expert. Usually federal courts will consider a witness to be qualified as an expert if (1) the testimony is based upon sufficient facts or data, (2) the testimony is the product of reliable principles and methods, and (3) the witness has applied the principles and methods reliably to the facts of the case. Federal Rules of Evidence 702. Testimony by Experts. 28 U.S.C.A. §702. State courts offer different tests for determining whether a witness is an expert or not. However, arbitrators need not follow either federal or state standards in evaluating the expert.

仲裁委员会在争议解决中有权判断中某一个证人是否为“专家”。但是,诉讼中用以判断某一证人是否为专家的标准更为直观有效。通常情况下,联邦法院会将满足以下条件的证人当作专家:(1)证人的证词基于充分的事实和数据,(2)证词根据有说服力的原理和方法得出,(3)证人将可信的原理和方法应用于案件事实(联邦证据规则 第702条 专家证词 28 U.S.C.A. §702)。地方州法院则与联邦法院不同,他们各自有不同的判断标准。但是,联邦法院和州法院对专家的判断标准都不适用仲裁。

keywords: 关键词

securities law 证券法