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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

  • Martindale-Hubbell® Peer Review Ratings™ has recognized attorney David Meyer as an AV Preeminent® attorney in High Ethical Standing.

  • Attorneys David Meyer and Matthew Wilson have received a 10 out of 10 “Superb” rating on Avvo, calculated based on stringent and exhaustive criteria.

  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

I Won My FINRA Arbitration Case Against My Prior Stockbroker. Now What?

At Meyer Wilson, our attorneys represent individuals who have claims against their stockbroker and brokerage firm for misconduct involving investments. Virtually all investor claims against stockbrokers and financial advisors are pursued through mandatory arbitration administered through the Financial Industry Regulatory Association, known as FINRA.

Our website and videos provide information about different types of investor claims, our case selection criteria and the FINRA arbitration process as a whole. Although many cases are settled prior to a final hearing, you might be wondering what happens at the end of the process if there is a final hearing. If your case proceeds all the way through a final FINRA arbitration hearing, what happens next?

If the FINRA arbitration panel rules in your favor, you will receive what is referred to as an “Arbitration Award.” Once an award is issued, the award must be paid by the responsible party within 30 days of the issue date of the award.

FINRA coordinates with its dispute resolution and enforcement programs by verifying whether a firm or broker has paid an award on time. If the respondent has not paid, FINRA initiates suspension proceedings. If the respondent doesn’t pay the award, they will not be able to continue operating as a broker or brokerage firm.

FINRA arbitration awards are final and are not subject to review or appeal, unless the broker or firm has timely filed a motion to vacate or modify the arbitration award under the applicable law in whatever forum has jurisdiction over the dispute. Although the standards differ slightly across the country, it is well-established that FINRA arbitration awards will only be vacated or modified in rare circumstances, such as if the award was procured by fraud or other serious arbitrator misconduct. In some instances, even if the arbitrators disregard the law or rules of evidence that is not sufficient ground for disturbing the arbitration award.

The laws regarding arbitration awards differ among jurisdictions, so it’s important to be aware of what law controls in your situation. But one of the benefits of the FINRA arbitration process is that typically, if the case is decided in favor of the claimant, the claimant receives payment in accordance with the issued award very quickly.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

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