January 30, 2012 - A large group of individual investors who lost millions of dollars in a Ponzi scheme operated by a former broker with World Group Securities hired Meyer Wilson to pursue their claims against the brokerage firm.
This week, Meyer Wilson is filing its second FINRA arbitration on behalf of the victims.
The overwhelming majority of claims investors have against securities firm are adjudicated through the binding FINRA arbitration process, rather than in civil court. FINRA is the acronym for the Financial Industry Regulatory Authority, formerly known as the National Association of Securities Dealers, or NASD. FINRA regulates securities firms, as well as securities professionals, in the United States.
About our law firm:
With offices in Ohio and California, Meyer Wilson represents individuals across the country who have been harmed by investment fraud. We have successfully represented more than 800 investors with claims against their brokerage firms and have obtained verdicts, awards and settlements of hundreds of millions of dollars on their behalf. All of our cases are handled on a contingency fee basis and we never request a retainer of any kind. Contact us for more information.
Watch our video below to learn more about FINRA arbitration.