A form will be provided from a brokerage firm to pursue grievances.
Arbitration is just like a trial except instead of a judge and jury you get a panel of one to three arbitrators which act as both judge and jury.
There are three main forums for resolving securities arbitration disputes.
At different places around the country.
Each forum charges its own filing, administrative and hearing fees.
Our first consultation is free of charge, however you can expect to incur expenses related to preparing a damages exhibit for purposes of mediation and/or arbitration.
We work on a contingency fee; if you recover nothing, you pay no legal fees.
You can try, but investors who have qualified legal representation consistently do better in arbitration proceedings.
There are governing rules set by FINRA that affect brokerage firms’ jurisdiction.
According to the Securities Arbitration Commentator, the majority of customer cases settle in favor of the investor prior to the rendering of an arbitration award.
It’s up to you. There are a few considerations you must take into account.