Do You Need a Lawyer for FINRA Arbitration?
Losing money through investing can be devastating, but when your stockbroker or financial planner’s negligence directly or indirectly caused these losses, you have the right to hold them accountable for their misconduct and seek full financial recovery through FINRA arbitration.
The Financial Industry Regulatory Authority (FINRA) is responsible for overseeing broker and brokerage firm negligence, and assisting wronged investors in the pursuit of compensation. As you weigh your legal options, you may be wondering whether you really need a lawyer for arbitration, or if you can handle the case on your own.
Although legal representation isn’t required, doing so could make a considerable difference in the outcome of your case. Continue reading to learn more about how a FINRA arbitration lawyer could help you with your case and what to expect in your hearing.
How a Stock Loss Attorney Could Help You
Even experienced investors can benefit from the help of an attorney during FINRA arbitration. Stockbrokers are often able to get away with defrauding you because there is so much going on in your accounts that you can’t make sense of it all. In these instances, a qualified lawyer can investigate your investment portfolio and other financial documents to understand how you were taken advantage of.
We aren’t afraid to go up against large corporations either, and you may be feeling overwhelmed at the thought of filing a complaint against companies with seemingly unlimited resources at their disposal.
What to Expect in Your FINRA Arbitration Hearing
FINRA arbitration hearings are similar to court in that both parties present evidence to support their version of events. The respondent will likely try to explain away your losses and make it seem as if they haven’t defrauded you, but the evidence you present to the arbitrators should prove otherwise.
After both parties have pleaded their case, the arbitrators then have to review all of the evidence again. It can take as much as 18 months to obtain a decision from the arbitrators. Once a decision has been rendered, it’s final. This means you will not be able to appeal if the arbitrators do not rule in your favor.
Contact a FINRA Arbitration Lawyer for Assistance
Arbitration can be overwhelming, but when you have a highly experienced FINRA arbitration lawyer at Wolper Law Firm by your side, you can rest easier knowing a qualified team of legal professionals are fighting to recover the stock losses you have endured due to broker misconduct.
You can schedule a free, confidential complaint review by filling out the quick contact form we have included at the bottom of this page or by calling our office at 800.931.8452.