Investment losses are never easy, but when your broker is liable, they can be compelled to compensate you. Get help from a reputable investment loss recovery lawyer in Miami.
The Financial Industry Regulatory Authority (FINRA) is responsible for overseeing the actions and conduct of registered stockbrokers and financial institutions across the country. When your financial advisor or brokerage firm is responsible for causing substantial losses, you can initiate a complaint with FINRA seeking full restitution for your losses.
If you’re feeling overwhelmed at the thought of arbitration, you are not alone. With an experienced Miami investment loss recovery lawyer with Wolper Law Firm by your side, you can rest assured that we’ll do everything possible to ensure that you get the justice you deserve.
When to Call an Investment Loss Recovery Lawyer in Miami, Florida
Simply losing money on the stock market isn’t enough to warrant a FINRA arbitration complaint. In order for you to recover your investment losses, you’ll need to be able to prove that your broker is responsible for causing your losses. Types of mistakes, schemes, and fraud that are common in the financial industry include:
- Selling away
- Failure to supervise
- Unauthorized trading
- Lack of portfolio diversification
- Insider trading
- Ponzi schemes
Unfortunately, many financial advisors and institutions have been able to engage in these schemes for years without being discovered. Some brokers have been able to commit ongoing fraud and are only uncovered after a client suffers devastating investment losses. You may be able to recover restitution for your investment losses if:
- There are excessive trades in your account
- Your broker misled you
- You notice your accounts are over-concentrated
- Your broker made trades in your account without permission
These are just a few common types of broker fraud and signs of misconduct. To learn more about whether you have grounds for a FINRA arbitration complaint, contact an investment loss recovery lawyer in Miami.
How to Recover Miami Investment Losses
Once you have met with your investment loss lawyer, you can initiate your FINRA arbitration complaint. FINRA will then determine whether you should be granted a hearing. Your hearing will be heard by a single arbitrator or a panel of three arbitrators, depending on how much your losses were worth.
Arbitration hearings are similar to court in that both parties have to present evidence to support their case. This will give you a chance to show how your broker is liable, and it will give your broker a chance to explain their decision-making in regard to your accounts.
Once both sides have made their case, the arbitrators will review the evidence together and come to a decision. Many arbitration cases can be resolved in as few as eighteen months.
Meet with an Investment Loss Recovery Lawyer in Miami
When you are ready to move forward with your FINRA arbitration complaint but aren’t sure where to start, get in touch with an experienced Miami investment loss recovery lawyer at Wolper Law Firm. You can reach us by phone at 800.931.8452 or through the online contact form included below to schedule your free case assessment.