What Can Investors Expect During the FINRA Arbitration Process

The FINRA Arbitration Process

You’ve spoken with an experienced FINRA arbitration law firm that has determined your investor losses are due in part because of broker misconduct or negligence. You’ve decided to retain the services of skilled securities arbitration lawyers to help you sue your broker-dealer and maybe even their financial advisor for damages.

Like many investors, you may not be familiar with the FINRA arbitration process and want to know more about it and what to expect.

  • The FINRA dispute resolution process is the forum in which you, as an investor, can go to sue your broker-dealer for financial recovery. During the proceedings, a panel of one-to-three arbitrators will hear your claim. This is a specific type of securities dispute resolution and one of the many reasons why you need the help of skilled FINRA lawyers that understand the arbitration process and how to best help investors.
  • It will be their job to prepare and file your FINRA lawsuit, engage in the Discovery process—during which time both parties exchange documents and identify their witnesses—and represent you during the arbitration hearing. (It is important to note that the broker-dealer you are going up against will most certainly have their own legal team fighting for them—this is yet another reason to hire savvy FINRA attorneys who can advocate for you while protecting your best interests.

What Happens During the Arbitration Hearing Process?

During the hearing, the lawyers and any witnesses on both sides will attend. Key documentation and arguments are presented to the arbitrators. There will also be closing arguments and rebuttals if desired.

After the hearing, the arbitrators will decide on the case and whether to issue an award to the investor. This phase usually takes place within a 30-day period. The decision, once formalized in writing, is signed by the arbitrators. Unless a court challenge is presented, the ruling by the FINRA arbitration panel is legally binding.

Any respondent firm or broker that has been ordered to pay the award then has 30 days to issue the payment to the investor that was harmed. Otherwise, they risk suspension and cannot sell securities until this is resolved.

Why Should You Work With Our Financial Advisor Negligence Attorneys on Your FINRA Securities Case?

Shepherd Smith Edwards and Kantas (investorlawyers.com) have been fighting for investors for over 30 years. Unlike many law firms with multiple areas of practice, representing clients like you in FINRA arbitration, mediation, and litigation is what we do. Our team of attorneys, paralegals, legal attorneys, consultants, and others have a combined over a century’s worth of experience in securities law and securities litigation behind all of our work.

Some of us even used to be brokers, so we know exactly how the brokerage industry operates. It is why we decided to come to this side of the arbitration table and fight for investors. Unfortunately, broker misconduct and broker-dealer negligence happen way too often and cost retail customers, retirees, high-net-worth investors, and institutional investors serious financial losses every year.

Our brokerage firm negligence attorneys are knowledgeable about the arbitration process and we have gone up against even the biggest Wall Street firms. We’ve secured significant awards and settlements for our clients. Over the decades, we have represented thousands of investors, collectively securing millions of dollars in financial recovery for them.

A FINRA lawsuit is not the type of legal case that you want to pursue without solid securities litigation help.

How Much Will It Cost To Hire Our FINRA Arbitration Lawyer?

All of our clients only pay legal fees if we secure a settlement or award for them and this will never come directly out of their own pocket. More than 90% of investors who have with worked Shepherd Smith Edward and Kantas have received full or partial recovery.

Call (800) 259-9010 today.


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