Miami FINRA Lawyer

Were you swindled by a broker you trusted? Have you suffered enormous financial losses due to stockbroker negligence? If so, a FINRA lawyer in Miami could help you get your money back.

The Financial Industry Regulatory Authority (FINRA) is responsible for overseeing the securities and financial markets in the United States. As part of their responsibilities, FINRA provides opportunities for investors who have been taken advantage of by their brokerage firms and financial planners to file an arbitration claim and potentially be awarded repayment for their losses.

Proving that your stock and investment losses were brought on by stockbroker negligence and not just the fluctuating markets can be a challenge, but your respected Miami FINRA lawyer is up for it. We’ll do everything in our power to prove to the FINRA arbitrators that negligence and/or misconduct occurred so you can be fully repaid for the losses you suffered.

When to Pursue a Miami FINRA Arbitration Claim

For some Miami investors, it can be difficult to tell whether they’ve lost money investing due to poor investment choices, fluctuating markets, or stockbroker misconduct.

There is nothing FINRA can or will do about money lost “fairly,” but when your losses are the direct or indirect result of negligent actions by a broker or their financial institution, in some cases, FINRA can help you get your investment back, plus other damages that you’ve suffered as a result of this loss.

The following examples of stockbroker misconduct could help you to understand whether pursuing a FINRA arbitration claim is right for you:

  • Selling away
  • Making unsuitable investment suggestions
  • Unauthorized trading
  • Churning
  • Misrepresentation
  • Failure to supervise
  • Omission
  • Investing on a margin
  • Failure to execute trades
  • Lack of diversification

Statute of Limitations for FINRA Complaints

Investors who are interested in seeking full repayment of the losses they have endured due to stockbroker negligence or misconduct must file their statement of claim within six years of the incident in question. The statement of claim is essentially your formal complaint against the Miami broker and/or firm that wronged you.

You may be wondering what will happen if you didn’t discover the scheme until well after it initially began—perhaps even after the six-year statute of limitations has passed. In these cases, it is possible that the deadline to file your complaint may not begin until the date you learned of the misconduct or should have known that there was something amiss.

That situation aside, unfortunately, if your statement of claim is not filed within six years, FINRA will not allow you to seek compensation through a FINRA arbitration hearing, and you will have lost the opportunity to bring the party that took advantage of you to justice.

Things to Know about FINRA Arbitration

Heading to your Miami FINRA arbitration hearing can be overwhelming, as it is very much like bringing your case to court. However, there are some differences.

First, when you bring your case to court, you have the opportunity to file an appeal if the judge or jury does not return a verdict in your favor. This is not the case when you go to arbitration. Once the arbitrators have made a decision, there are no opportunities to appeal, as the decision is binding and final.

Another way arbitration differs from court is that the court process is usually far more expensive and can take significantly longer to resolve than arbitration does. The entire arbitration process can usually be resolved within 18 months or so, whereas a Miami court case could take years to resolve.

There is also the question of how soon you’ll obtain the money you’re owed if you are successful. If you went to court, it could be years before you receive your settlement, if ever; but in arbitration, FINRA regulations require that you be repaid within 30 days of the decision being issued. For these reasons, FINRA arbitration is often a better option than going to court for the majority of investors.

Discuss Your Losses with a FINRA Lawyer in Miami

You don’t have to sit back and take the loss after your stockbroker has wronged you. Take action against whoever is to blame for your investment losses by pursuing an arbitration claim. Your Miami FINRA lawyer at Wolper Law Firm, P.A. will work to gather the evidence you need to prove to FINRA that misconduct occurred and that you are, in fact, entitled to full financial recovery.

Schedule your confidential and free consultation at our office by giving us a call at 800.931.8452 or by submitting the brief contact form we have provided at the bottom of this page.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]