If you have endured significant investment losses and are unsure what your next steps should be, reach out to a qualified FINRA arbitration lawyer in Miami for help.
The Financial Industry Regulatory Authority (FINRA) has a responsibility to monitor the actions of registered brokerage firms and stockbrokers nationally. When a stockbroker or financial institution makes a mistake or commits fraud, and an investor suffers losses due to this negligence, the investor can file a complaint with FINRA and attempt to recover these losses.
At Wolper Law Firm, we are prepared to do whatever it takes to fight for the compensation you deserve. Your Miami FINRA arbitration lawyer will be by your side every step of the way so you can feel confident in your case.
What Types of FINRA Arbitration Cases Are Heard in Miami?
FINRA arbitrators are responsible for overseeing cases that involve financial advisor and brokerage firm wrongdoing. Any time an investor suffers losses and their broker or the broker’s institution is responsible, FINRA arbitrators have the power to order the liable party to compensate the investor for their losses.
There are many different ways that brokers can defraud investors, but some of the more common ones include:
- Lack of diversification
- Ponzi schemes
- Selling away
- Unsuitable recommendations
- Unauthorized trading
- Insider trading
- Breach of fiduciary duty
- Breach of contract
If you have been defrauded in a way that was not listed above, you may still be entitled to financial restitution. You can reach out to a FINRA arbitration lawyer in Miami to learn more about what your legal options may be.
Things to Know About Miami FINRA Arbitration
FINRA arbitration is one of the more common routes taken by wronged investors in their search to recover their investment losses. This is because FINRA arbitration claims in Miami can often be resolved fairly quickly in comparison to litigation.
FINRA arbitration is also often favored due to the fact that when an investor wins their case, the liable party is then ordered to repay them within thirty days of the decision. In court, even if you win, it could be many years before you can collect your restitution.
The one caveat about arbitration is that arbitrator decisions cannot be appealed. However, this can still be a preferred option for the timeliness of the arbitrators’ decision and the ability to recover your losses more quickly.
If you would like to learn more about the FINRA arbitration process or are unsure whether arbitration is the right option for you, contact a FINRA lawyer in Miami to further discuss the details of your case.
Get in Touch with a FINRA Arbitration Lawyer in Miami
If you have additional questions about how arbitration works or what to expect from your case, contact a reputable Miami FINRA arbitration lawyer at Wolper Law Firm to further discuss the details of your Florida case. You can give us a call at 800.931.8452 or complete the brief contact form provided below to schedule your free, no-obligation consultation.