If you have been dealt a massive investment loss caused by your broker and want to hold them accountable for their misconduct, contact a respected stock loss lawyer in Palm Beach for help.
Investors always take risks—you could even say it’s part of the deal. But when you invest and your brokerage firm or stockbroker is responsible for causing your losses, they should be brought to justice. When you initiate a complaint through the Financial Industry Regulatory Authority (FINRA), you may be able to recover your losses and ensure the liable party is held accountable.
If the thought of attending FINRA arbitration feels intimidating, you are not alone. Many investors are already overwhelmed with the losses they endured. But when you have a qualified Palm Beach stock loss lawyer on your side, you can breathe easier knowing our team of lawyers is doing everything possible to maximize your compensation.
Common Types of Stock Losses in Palm Beach
There are many different ways that financial institutions and advisors can wrong their investors. But some types of fraud and misconduct happen more frequently than others, such as:
- Failure to supervise
- Ponzi schemes
- Excessive trading
- Unauthorized trading
- Insider trading
- Lack of portfolio diversification
- Selling away
These are just a few common kinds of broker fraud. If you suspect that your broker is responsible for causing your Palm Beach stock losses, you can reach out to our office to discuss your legal options in Florida for financial recovery.
How to Recover Your Palm Beach Stock Losses
Many investors who have lost money due to their broker’s conduct will pursue a FINRA arbitration complaint to get their money back. In FINRA arbitration, your case is heard by a panel of arbitrators, or a single arbitrator, depending on the details of your case.
This is going to be your opportunity to present evidence against your financial advisor or brokerage firm. They will also have an opportunity to try to explain their reasoning for the decisions they made in regard to your case.
Then the arbitrators will review the evidence and come to a decision. Most arbitration cases can be resolved in as few as eighteen months. If the arbitrators determine that you should be repaid for your stock losses, the liable party will then be ordered to compensate you within thirty days.
It should be noted that arbitration proceedings do not allow for an appeal. Decisions made by arbitrators are final, and while this thought may be overwhelming, it’s important to remember that had you gone to court, you could be dealing with appeals for many years, and possibly wait even longer to obtain your compensation.
Contact a Stock Loss Lawyer in Palm Beach
To learn more about how you can get your money back with the help of an experienced Palm Beach stock loss lawyer, you can schedule a complimentary case evaluation by calling Wolper Law Firm, P.A. at 800.931.8452. You can also reach us through the online contact form below when you are ready to get started on your case.