FINRA Arbitration Lawyer Hanover, MD
Disputes between brokerages and their investment clients are a frequent occurrence. An investigative action by the Financial Industry Regulatory Authority (FINRA) almost always arises from these disputes. Many times, these actions trigger a forced arbitration presided over by FINRA, which will evaluate the merits of the complaint and decide upon appropriate corrective action. In addition, FINRA will determine if the aggrieved party is entitled to any financial remedies. Unlike other forms of alternative dispute resolution – such as mediation – arbitration decisions of FINRA legally bind the parties involved.
Oftentimes, the decisions in these disputes leave individuals confused. This is exacerbated by the complex regulatory environment and the short timeframe involved in these expedited proceedings. To alleviate this, all parties involved should seek representation from a qualified and reputable attorney experienced in FINRA maters. If you have been victimized by investment schemes or misconduct, you need a seasoned investment fraud lawyer like those at Crepeau Mourges. We can capably handle securities arbitration, retain access to the appropriate experts, and we understand the specific details of investment law.
Who Do We Represent?
The lawyers at Crepeau Mourges focus our representation on individual investors in FINRA matters. Whether the victim of an unlawful investment scheme, broker misconduct, or otherwise, our clients frequently face a significant and unexpected financial loss caused by their advisors. We assist to provide a well-versed, experienced, and highly-qualified securities lawyer to represent you. Our attorneys are experienced in FINRA arbitration and understand the nuances and economics of investment law. We fight aggressively for our clients’ rights and best interests. We can build a solid case concerning unacceptable losses and how they could have been avoided through more prudent actions on the part of the broker or brokerage firm.
Why Do We Need to Arbitrate Our Investment Loss Claims?
Nearly all investor claims are decided in arbitration. Courts are typically not involved since brokerage firms have their customers sign agreements stating they waive their right to go to court. These agreements state that all disputes will be arbitrated. Arbitrations are filed with the dispute resolution arm of FINRA. FINRA is a self-regulating organization that oversees the securities industry. Its many functions include regulation, licensing, and dispute resolution.
FINRA arbitrations are different from court proceedings. A panel of arbitrators decides each case. The arbitrators are impartial and unbiased regarding the matters they hear. Arbitrators have more experience regarding the subject matter of these complaints and their expertise minimizes the cost to the parties involved. Unlike typical trials conducted in court, FINRA arbitrations usually occur in a less formal setting and are expedited.
What If I Suspect Advisor Fraud or Wrongdoing?
You and your business entity have rights under federal and state investment and securities regulations. Pursuant to your brokerage agreement, you can initiate an arbitration proceeding against the accused party by contacting a FINRA lawyer directly. The lawyer can provide instructions and complete the appropriate forms to file your complaint and request action.
Unlike most forms of litigation, a FINRA proceeding is typically handled relatively quickly. You may be under a time crunch and have only a few weeks to prepare. Consequently, your attorney will collect the evidence and, if necessary, delay a request for arbitration. In the meantime, your lawyer will help you assemble the strongest case possible to bring it to the most favorable resolution. This may involve assembling and collating a substantial amount of documents, expert testimony, and other information.
To learn more about your rights and the potential legal strategies, schedule a no-obligation consultation with Crepeau Mourges today.