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
Stockbroker Misconduct & Arbitration Attorney
Do You Have a Stockbroker Misconduct Claim?
When you have an investment fraud or stockbroker misconduct claim, you will likely be facing mandatory stockbroker arbitration before the Financial Industry Regulatory Authority (FINRA). The brokerage firm will most certainly have high-powered sophisticated corporate lawyers defending them and trying to beat you. It is therefore imperative that you have an experienced securities arbitration attorney on your side, protecting your interests and fighting for your rights.
What Is Securities Arbitration?
Securities arbitration, an alternative to litigation, is the process of resolving a dispute between parties before a panel of arbitrators selected through a process agreed to by the parties. An arbitration award is final and binding with a limited review available by the courts. Arbitrations are conducted in accordance with the Uniform Code of Arbitration, developed by the Securities Industry Conference on Arbitration, and the rules of the organization where the claim is filed.
Why Are These Cases Handled in Mandatory Arbitration?
At the time you hired your broker, you were given many documents to sign and complete. In most all cases, these papers included a mandatory arbitration provision, which specifically stated that disputes must be arbitrated. Essentially, this provision means the case will not go to court. Most investors don’t pay close attention to this provision until an issue arises.
To initiate a stockbroker arbitration proceeding, you, or your attorney, will need to file a Statement of Claim and Uniform Submission Agreement with FINRA. Once these forms are filed and the appropriate fees are paid, the parties named in the Statement of Claim will be notified.
They must file an answer within 45 days. If the claim proceeds to arbitration, the case will be heard in front of an arbitration panel consisting of one to three individuals. They will listen to the testimony and evidence presented by both sides, before they reach their decision. The panel’s decision is referred to as an award, and is final and binding. There are only very few circumstances in which a stockbroker arbitration award can be challenged.
Mandatory FINRA Arbitration Has Its Advantages
While you may have no other option but securities arbitration, it definitely has its advantages:
- The procedure is simplified, which can ultimately reduce the costs
- Any arbitration award is generally paid quickly after the panel reaches its decision
- Your case will be presented before a panel of arbitrators who have completed training provided by FINRA and who have elected to serve as arbitrators
There Are Some Drawbacks to Arbitration
Arbitration does have disadvantages, such as the following:
- The arbitration award is considered final and binding. Unlike appealing a judgment made in court, it is very difficult to appeal the panel’s decision.
- Pursuing further legal action to recover your losses is generally not permitted. As mentioned above, when the panel reaches its decision, your case is brought to a close.
Make Sure Your Securities Arbitration Lawyer Is Experienced
The brokerage firm will have sophisticated lawyers on their side who are well-versed in the securities rules, regulations, and procedures. You need a securities arbitration attorney who has experience and resources to help you win your case. At Meyer Wilson, we have represented over 800 individual and institutional investors from across the country in securities arbitration, litigation, mediation, and class action lawsuits. We are a law firm that other attorneys turn to when their clients have stockbroker misconduct or investment fraud claims. Our stockbroker arbitration lawyers are licensed in Ohio, California, and Michigan, and represent investors nationwide.
We also encourage you to watch our helpful video to learn more about non-lawyers vs. lawyers in arbitration hearings.
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
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.