Wisconsin FINRA arbitration lawyers want to make it easier for you to take action against a negligent brokerage or financial advisor. That’s why we offer to represent you throughout the arbitration process.
The arbitration process approved by the Financial Industry Regulatory Authority allows you to recover damages based on a brokerage’s financial negligence. Whether you were wronged by a brokerage, advisor, or third party, the Wisconsin investment fraud lawyers with Meyer Wilson can step in and advocate for your right to recover.
Book a consultation with our Best Lawyers-recognized staff today.
When to File a FINRA Arbitration Claim
You may have the right to file a FINRA arbitration claim if you believe you’ve endured:
- Inappropriate asset allocation
- Broker negligence
- Breach of fiduciary duty
- Failure to supervise
- Unauthorized trading
You can partner with a FINRA arbitration lawyer in Wisconsin to create a claim immediately following the discovery of any negligence that has compromised your financial future. Filing a claim allows you to avoid going to court in favor of submitting a request for punitive action through the Financial Industry Regulatory Authority.
FIRMA recognizes that parties in your position may want conversations about compromising financial negligence to remain private. That’s why the Code of Arbitration Procedure limits public knowledge of these negotiations. While a FINRA arbitration lawyer mediates on your behalf, you retain the right to resolve cases of negligence without going before a judge or jury.
When to Contact a Wisconsin FINRA Arbitration Lawyer
We recommend that you contact a FINRA arbitration lawyer as soon as you realize your financial relationship with a broker or advisor may be compromised. The faster you can get an experienced lawyer on your side, the faster you can stabilize your finances and request compensatory damages.
Your first case consultation with Meyer Wilson’s FINRA arbitration lawyers comes free of charge. You can discuss the ins and outs of the arbitration process during these consultations before deciding whether or not you want to move forward with corrective action.
What Information to Include in a FINRA Claim
The statement of claim used to initiate the arbitration process needs to go into detail about the wrongs you endured at the hands of a negligent financial body. You need to present evidence indicating that you:
- Entered into a financial agreement with a brokerage, advisor, or related party
- Saw discrepancies with your finances as a result
- Discovered negligence as the source of those discrepancies
- Deserve compensation for lost investments in addition to wrongful suffering
An experienced FINRA arbitration attorney in Wisconsin can compile this evidence on your behalf. You can then submit your claim, alongside a filing fee, to an arbitration panel. So long as your claim moves forward, you can expect a response from a relevant brokerage firm or related party within 45 days of filing.
Defining the Difference Between Large and Small Claims
There’s more than one type of claim you can file to initiate arbitration proceedings. If you stand to recover less than $100,000 but more than $50,000, you file a small claim. A single arbitrator can resolve small claims matters.
If you stand to recover more than $100,000, you may have to undergo a process similar to a civil trial. You and your attorney can call on witnesses to account for your loss of funds in front of an arbitration panel. These are referred to as large claims cases.
If you stand to receive less than $50,000, an attorney can oversee a conversation between you and a related brokerage conducted in a written format. These cases do not require the input of a panel and tend to resolve faster than the other two claims cases, thanks to their size.
What to Expect After Filing a FINRA Claim
No matter how large your claim is, the decision made about your right to support during FINRA arbitration is final. You may not appeal this decision, nor may the defendant. If you stand to receive compensation for your losses, you can expect it within 30 days of a case’s final decision.
You can also expect to receive documentation going into detail about the nature of your case, the parties involved, arguments used for and against your right to recover, and the case’s conclusion. None of this information, except for the amount you received from a brokerage, will become available to the public.
You can count on a FINRA arbitration attorney to remain diligent throughout the conclusion of your case. If a brokerage firm fails to pay you the support promised, we can take action to revoke that firm’s practical license. You can learn more about our post-case services during a free case evaluation with our team.
Contact Meyer Wilson for Arbitration Support Today
Wisconsin’s FINRA arbitration attorneys have your best interests at heart. We understand that brokerages can compromise your financial future, and we want to give you the tools to take your security back. Working with our team allows you to initiate the arbitration process with an experienced team member on your side.
You can capitalize on our 75 years of experience today by booking a FREE case assessment with our staff. Call or contact us online to learn more about our available services.