Chetty and Uma Sunku Mamandur appeal the district court’s 1 order denying their motion to vacate an arbitration award, and confirming the award in favor of Jimmy Earl Power, Jr., and Prudential Securities Incorporated. We affirm for the reasons stated by the district court, and we conclude that the court did not err in not holding an evidentiary hearing. Cf. Burton v. Dormire, 295 F.3d 839, 848 (8th Cir. 2002) (declining to remand for hearing because arguments lacked merit and hear *903 ing was legally unnecessary), cert. denied, — U.S. —, 123 S.Ct. 1904, 155 L.Ed.2d 831 (2003). We also deny the Mamandurs’ pending motion for remand. Accordingly, we affirm. See 8th Cir. R. 47B.