If you have lost money as a result of misconduct on the part of a broker or brokerage firm, and you wish to pursue justice, your investment agreement may include your consent to participate in arbitration. In situations where investors have been harmed by similar conduct, a group action may be a cost-effective and compelling way to present your case. In a manner similar to a class action lawsuit, multiple claimants who have been victimized by a broker or firm’s misconduct or negligence can enter arbitration together with shared legal representation.
In investment matters, securities arbitration is used to resolve securities disputes outside of court. In the United States, securities arbitration claims are filed with the Financial Industry Regulatory Authority (FINRA), a body that establishes securities rules, and is responsible for regulating brokerages and individual brokers throughout the country.
FINRA’s arbitration process is formal and structured, much like a trial in court, except that a three-person arbitration panel (which typically includes one industry representative) decides the case, and the process is usually faster than that of federal or state court. Arbitration is initiated when a claimant formally files a statement of claim; it ends with an arbitration panel’s decision, which is binding. When an award is made by a panel, it is difficult for a broker or brokerage to vacate the decision.
Strong Group Arbitration And Class Action Experience
New York securities lawyer Timothy J. Dennin has been winning cases for investors since 1990. Mr. Dennin has helped his clients recover hundreds of millions of dollars from those responsible for the losses.
If you suffered loss as an investor, the office of Timothy J. Dennin, P.C., can represent you in FINRA group arbitration cases involving:
- Broker malfeasance
- Broker misrepresentation and omission
- Ponzi scheme losses
- Selling away recommendations
- Stock manipulation loss
- A brokerage firm’s failure to supervise
- Hedge fund losses
- CDO or CMO broker misrepresentation
- Initial public offering (IPO) fraud
- Unsuitable closed-end funds (CEFs)
Contact An Experienced Attorney Regarding Securities Group Arbitration Claims
Contact stockbroker fraud attorney Timothy J. Dennin for a free consultation at our Manhattan or Northport office location. Mr. Dennin can answer your questions about FINRA investment arbitration, and help you understand your rights and options. Call us now at 866-437-9475.