Have you been struggling after experiencing a devastating investment loss? Contact a respected stock loss lawyer in West Palm Beach to see whether you have grounds for arbitration.
Enduring stock losses can be challenging, and if your financial institution or advisor is culpable for yours, you may be able to pursue an arbitration complaint with the Financial Industry Regulatory Authority (FINRA). If your complaint is successful, you could be awarded full restitution.
The arbitration claims process can be overwhelming. But with an experienced West Palm Beach stock loss lawyer at Wolper Law Firm by your side, you can breathe easier knowing that a team of legal professionals is fighting for the compensation that is rightfully yours.
When to Call a Stock Loss Lawyer in West Palm Beach
It can be difficult to know whether you have grounds for a FINRA arbitration complaint. After all, investors suffer stock losses every day, don’t they? This may be true, but not all losses are caused by fraudulent or reckless financial advisors.
When this happens, FINRA arbitrators have the power to require these parties to pay restitution for investment losses. Some of the different reasons why you may be able to proceed with FINRA arbitration include:
- Unsuitable recommendations
- Misrepresentation or omission
- Lack of portfolio diversification
- Failure to supervise
- Unauthorized or excessive trading
- Investment in a Ponzi scheme
These are just a couple ways brokers have defrauded their investors. If you have been taken advantage of in another way, your broker could still be held accountable. You can reach out to your stock loss lawyer in West Palm Beach to further discuss your legal options.
Seek Compensation for Your West Palm Beach Stock Losses
One of the more common ways that investors go about recovering compensation for their stock losses is by initiating a FINRA arbitration complaint. Once your complaint has been filed, FINRA will determine whether your case should be heard by a panel of arbitrators. If they agree to hear your case, both parties will then come forward and plead their cases.
Then, the arbitrators will independently review all of the evidence presented further to determine both whether misconduct occurred and how much you should be entitled to recover due to your stock losses.
It should be noted that FINRA arbitration decisions are not eligible for appeal. And although this may be a deterrent for some, it is important to remember that had you chosen to go to court, you may have spent many years going through a trial and appeal before even having the potential to secure restitution. FINRA arbitration cases on the other hand, can be resolved in as few as eighteen months.
Get Help from a Stock Loss Lawyer in West Palm Beach
To learn more about the FINRA arbitration process and whether you have grounds for a complaint, reach out to a qualified West Palm Beach stock loss lawyer at Wolper Law Firm. When you are ready to schedule your free, no-obligation consultation, fill out the quick contact form below, or give us a call at 800.931.8452.