Arbitration is an alternative dispute resolution technique that helps parties resolve conflicts outside of the courtroom. It is generally less expensive and faster than litigation. Depending on your customer agreement, there may be an arbitration clause that requires you to pursue this legal avenue.
At Meyer Wilson, we represent individuals who have suffered losses as a result of investment fraud or broker misconduct. Our lawyers are well-versed in arbitration and can help you understand the process, your rights, and your responsibilities. If you have any questions regarding arbitration, contact our office at (614) 532-4576 to schedule a free case evaluation.
While the site of the arbitration may be determined by the organization that is responsible for overseeing the process, an investment adviser might have an arbitration clause in their customer agreement requiring FINRA, JAMS, AAA, or court.
FINRA is the Financial Industry Regulatory Authority. It oversees arbitration related to violations by registered members and their representatives.
JAMS, or Judicial Arbitration and Mediation Services, Inc., is a private alternative dispute resolution (ADR) provider.
AAA is the American Arbitration Association and is a non-profit organization that helps parties settle disputes out of court through a neutral, third party.
It is important to review your customer agreement to determine if there is an arbitration clause. An attorney can help you understand your rights and how to proceed with your claim.
Consideration is given to a number of factors, including the convenience of the parties, the availability of important records and/or witnesses, and the availability of qualified arbitrators.
In most cases, the location of the arbitration hearing is close to where the investor lived when the dispute arose, even if the agreement between the investor and the stockbroker or financial institution states otherwise.
The length of time it will take to resolve your dispute via arbitration depends on the complexity of the matter. It may also depend on which organization is handling the arbitration. For instance, a FINRA arbitration case may take around 12 months to 16 months to complete.
In most cases, there is a hearing attended by both parties, their counsel, and an arbitrator. In some instances, there may be a panel of arbitrators assigned to the case. It is important to discuss your case with an attorney so that you can understand what to expect throughout the arbitration process.
The securities arbitration lawyers at Meyer Wilson handle arbitration hearings nationwide. Arbitrations and pre-conference hearings take place close to where the investor lives. We are based out of Ohio and California, but we have the ability to travel to any state to represent defrauded investors at these hearings.
If you would like to learn more about the arbitration process, contact our office at (614) 532-4576 to schedule a free case evaluation.
We represent clients nationwide in securities arbitration and litigation. Our legal team is highly experienced having recovered over $350 million on behalf of aggrieved investors. Call now to see how we can help you recover your losses.