If you have suffered considerable investment losses and are unsure where to turn, arbitration through the Financial Industry Regulatory Authority (FINRA) may be the best option for you. Contact a FINRA arbitration lawyer to discuss your case.
FINRA is responsible for overseeing the conduct of financial advisors, brokerage firms, and stockbrokers. When these individuals and entities engage in fraud or misconduct and their clients endure substantial financial losses, FINRA has the authority to order them to pay restitution. However, the only way this is possible is if your financial advisor has wronged you.
At Wolper Law Firm, we are dedicated to holding negligent and irresponsible financial advisors and companies accountable for their misconduct. If we are able to take on your case, we will do everything possible to ensure that your FINRA arbitration proceedings are successful and you recover maximum compensation for your losses.
What Types of Cases Are Heard by FINRA?
FINRA arbitration is designed to help investors who have lost money after being wronged by their financial advisors. There are many different types of misconduct, fraud, and negligence that can occur. But they all have one thing in common. There has been a breach of the broker’s fiduciary duty.
A financial advisor’s fiduciary duty applies to all registered stockbrokers and financial advisors. It essentially states that the financial advisor has an obligation to always act in the best interests of their client.
This means that they make investment suggestions that align with the goals of the investor’s investment portfolio, do their due diligence with investment opportunities, and always prioritize the financial needs of the investor.
Whenever this fiduciary duty has been breached, FINRA may be able to award the investor restitution for the losses that were caused by the actions or inactions of the financial advisor.
Your FINRA Arbitration Hearing
You may be feeling concerned at the thought of going before a panel of arbitrators, especially after having suffered such a considerable financial loss. Fortunately, your FINRA arbitration lawyer will work to ensure that your case is as strong as possible when being presented to the arbitrators.
If your losses amount to $100,000 or more, your case will be heard by a panel of three arbitrators. At your hearing, you and your FINRA lawyer will have the opportunity to present evidence to support your case and show that your stockbroker failed to act in your best interests.
Then, the financial advisor will have the opportunity to try to refute your claims and defend their actions. Once both parties have pleaded their case, the panel of arbitrators will review the evidence provided and come to a decision. If the decision comes down in your favor, the arbitrators will order the financial advisor or possibly their brokerage firm to compensate you accordingly.
Meet with a FINRA Arbitration Lawyer
To learn more about how a qualified FINRA arbitration lawyer at Wolper Law Firm could help you obtain full restitution for your investment losses, schedule a free, no-obligation consultation. You can reach our office by phone at 800.931.8452 or through the convenient contact form we have included at the bottom of this page.