The FINRA Arbitrator Selection Process

Investor Claims Is What We Do - All Day, Every Day

Since 1999 our law firm has recovered more than $350,000,000 for victims of investment fraud and misconduct.
  • Jury Verdict Won Against Prudential Securities $262 Million
  • Recovered for 100-Year Old Widow $30 Million
  • Recovered in Retirement Losses $10 Million
  • Recovered for a Large Group of Individual Investors $6.5 Million
  • Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
  • Recovered for Elderly Ponzi Scheme Victim $3.2 Million
  • Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
  • Recovered for 35 Families in Northeast Ohio $3.1 Million
  • Losses Recovered for 20 Retirees $3 Million
  • Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million

HOW FINRA ARBITRATORS ARE SELECTED

Most brokerage firms make their customers sign paperwork that requires the mandatory arbitration of any customer dispute. This means that if you have a legal claim against your brokerage firm, you typically cannot bring your case in court to be decided by a judge or a jury. Instead, you must bring your claim in arbitration through the Financial Industry Regulatory Authority, or FINRA, where most customer cases are decided. How those arbitrators are selected is a critical process that may determine whether your case is won or lost. Our law firm dedicates significant time and resources to this crucially important part of your case.

FINRA maintains a computer database of thousands of arbitrators who have been trained and approved by FINRA to serve as arbitrators in customer disputes. After your case is filed, FINRA generates a random list of arbitrators from its roster and sends the list to the attorneys for both the customer and the brokerage firm. Under FINRA’s rules, counsel for the parties are then permitted to strike a certain number of arbitrators from the list and rank the remaining arbitrators in order of preference. The parties then submit their ranked choices to FINRA confidentially – neither side knows who the other side struck or how they ranked the arbitrators. FINRA combines the parties’ ranked lists and seeks to appoint the highest ranked available arbitrator from each list to serve on the panel. For cases involving damages over $100,000, three arbitrators are selected. Smaller cases are decided by a single arbitrator.

Our law firm maintains and updates files on numerous FINRA arbitrators throughout the country. We know where they went to school, how they earn a living, and how long they’ve been arbitrators. We keep records of every arbitration decision they’ve ever made, and we keep a running tab of their award history both in terms of actual dollars awarded and as a percentage of the dollar amount sought in each case. Importantly, we do not rely on just the information disclosed by the arbitrators themselves. We dig deeper, gleaning information from the internet and social media that give us insights into the arbitrators’ personal proclivities and biases. We rely on insights from colleagues, and we also draw upon our own personal experience with many arbitrators. In nearly 20 years, our law firm has represented approximately 1,000 investors with claims against their financial advisors. We have experience with many of these arbitrators and know from personal experience which ones are more likely to run a fair hearing and give you fair opportunity at proving your case.

If you have questions about the FINRA arbitrator selection process, please give one of our experienced securities arbitration lawyers a call at one of our offices, or fill out our online form to tell us more about your case.

The Meyer Wilson Way

Results-Focused Representation
  • More than $350,000,000 Recovered
  • Voted Best Lawyers in America® for Ten Years Running
  • David Meyer is President of Public Investors Advocate Bar Association (PIABA)
  • Over a Thousand Investor Claim Cases Since 1999
  • Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
  • Deep Bench of Skilled Attorneys and Staff Members

TRUSTED BY OVER 1,000 INVESTORS

Meyer Wilson has represented over 1,000 individual investors in high-stakes claims across the country, and has recovered over $350 million on their behalves. See what former clients have to say about our team.

  • “I primarily worked with Courtney Werning throughout the process and she was informative and knowledgeable. I trusted and fully recommend Courtney and her team.”

    - S.R.
  • “The communication throughout the process was on par - and they took the time to indulge me with the various questions and opinions.”

    - R.G.
  • “What I truly appreciated was getting a great result for my Mom with limited involvement/stress on her.”

    - S.W.
  • “We went to arbitration with the other respondent and I got to see firsthand the level of professionalism and expertise the Meyer Wilson firm can deliver.”

    - D.V.
  • “Chad would take the time to call and talk with me. His explanations were always clear and concise. I also appreciate all the effort put into the details and statistics required to argue this case.”

    - P.N.
  • “Meyer Wilson was able to produce the results that we felt were obvious and warranted while several other firms and even state offices simply had trouble understanding let alone moving the case forward.”

    - B.K.
  • “My overall experience was positive and I would encourage anyone who even thinks they have been a victim of stockbroker misconduct to call David.”

    - S.T.
  • “Meyer Wilson represented me in a suit brought last year against my brokerage firm, securing a very fair and equitable settlement for me.”

    - R.G., M.D.
  • “Right from the start, you had the passion and desire to win this case for us. I have never worked with an attorney or firm as compassionate as yours. I would highly recommend your firm to anyone.”

    - G.A.

Talk to Our Team

Get Started with a Free Evaluation
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please enter the name of the investment firm.
  • Please enter your preferred contact method.
  • Please enter how much you lost.
  • Please make a selection.
  • Please enter a message.