The AAA can only handle an appeal of the arbitration award if the parties have agreed that an appeal is allowed. Arbitral awards cannot be overturned merely because the arbitrators misunderstood or misapplied the law.US federal law does not permit the appeal of an arbitral award. Issues Subject to Appeal. (a) Either party to arbitration under this chapter may file with the Authority an exception to any arbitrator's award pursuant to the arbitration. This means that FINRA does not hear appeals on arbitration awards. To be enforceable in the United States, an award must be in writing. A tribunal need not provide reasons for its award under US federal law. Confirming Arbitration Awards: What Papers does a Party File to Apply for Confirmation of an Award?