Legal representation is not required in securities arbitration, but it is definitely recommended. Securities arbitration is a complex legal process, and the arbitration panel’s decision is considered binding. If you are not familiar with the arbitration process and securities laws, hire an investment fraud attorney to represent your rights.
The brokerage firm will probably hire a highly skilled defense lawyer who is well-versed in securities litigation. They will fight your claim and work hard to disprove your case. If an experienced Ohio FINRA arbitration lawyer does not represent you, you will be at a significant disadvantage during the hearing.
At Meyer Wilson, we are experienced in securities arbitration for a wide range of case types. We have over 75 years of combined experience helping people like you protect their financial future. Our arbitration attorneys have helped thousands of clients; let us help you, too. Call us today for a free consultation.
The Benefits of Working With an Arbitration Lawyer
Going through an arbitration process can be difficult without legal representation. An arbitration attorney will protect your rights and represent your interests throughout the process.
The legal team at Meyer Wilson wants to empower you to fight for justice by explaining arbitration and giving you all the information you need to make confident decisions about your case. We will be by your side every step of the way, compassionately guiding you through the process.
An arbitration lawyer can help you by:
- Assessing the strength of your case.
- Drafting and filing arbitration claims.
- Conducting legal research relevant to your situation.
- Strategizing the presentation of evidence and testimony.
- Responding to requests for additional information from the respondent.
- Preparing for and representing you at arbitration hearings.
- Negotiating potential settlements with the opposing party.
- Ensuring compliance with arbitration rules and procedures.
- Reviewing settlement agreements before acceptance.
- Pursuing enforcement of arbitration awards if necessary.
If you suffered significant losses in your portfolio, discuss your concerns with a securities fraud lawyer. After we assess your situation, we will determine the viability of your claim and draft a personalized strategy to recover your losses.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
What to Consider When Hiring a Securities Arbitration Attorney?
When considering hiring a securities arbitration attorney, prioritize certain factors to ensure you’re making the right choice for your specific needs. Firstly, look for an attorney with knowledge and experience in securities law and arbitration procedures, as this will ensure they have the necessary skills to navigate your case effectively.
Additionally, consider their track record of successful case results and their familiarity with the arbitration process. Communication is key, so choose an attorney who is responsive, accessible, and willing to explain complex legal concepts in a way that you understand. Finally, trust your instincts and choose an attorney whom you feel comfortable working with.
At Meyer Wilson, we are experienced FINRA arbitration lawyers. We are members of the national bar association of attorneys who handle these types of cases. David P. Meyer, Esq. served on the Board of Directors and as a President of this prestigious association.
What Is Securities Arbitration?
Securities arbitration is a process used to resolve disputes between investors and financial firms or advisors. When you believe you have suffered financial losses due to the actions or advice of a brokerage firm or individual broker, you can choose to pursue arbitration rather than going to court.
Most of the disputes are resolved through arbitration by the Financial Industry Regulatory Authority (FINRA). This is a self-regulatory organization that oversees brokerage firms and individual brokers in the United States.
Filing an Arbitration Claim
By initiating an arbitration claim, you are bringing your case before a neutral third party who will assess the situation and make a binding decision. It all starts with filing a claim and covering a fee for the arbitration service. The steps, details of the process, and documents you need to submit may change based on the regulatory body governing the arbitration and the type of case.
To start a FINRA arbitration, you must submit the following documents:
- Statement of claim: The document contains essential details for initiating a claim, including the names of both the claimant(s) and respondent(s), along with a clear outline of the dispute and relevant dates. Additionally, it specifies the type of relief sought, which may include monetary damages, interest, or specific performance.
- Submission agreement: This is a mandatory form requiring signature and date to acknowledge understanding and compliance with FINRA’s rules and acceptance of arbitrator(s)’ decisions.
- Filing fee: The fee covers the cost of arbitration and is determined based on the total amount of the claim. The FINRA Rule 12900 offers more details about the filing fee.
Arbitration proceedings are not as informal as small claims courts, especially when dealing with brokerage firms. While arbitration offers a streamlined alternative to traditional litigation, it’s important to recognize that brokerage firms will always be represented by attorneys well-versed in securities law and arbitration procedures.
Even though arbitration may seem less intimidating than a courtroom setting, it still requires meticulous preparation and presentation of evidence to make a compelling case. By seeking appropriate legal counsel, you increase your chances of securing a favorable outcome in arbitration proceedings.
The Arbitration Process
After you have submitted the necessary paperwork and paid the fees, you will be notified if the respondent requests any additional information. Try to answer any additional requests as soon as possible. Subsequently, you’ll be informed of the date, location, and time of the arbitration hearing, typically held in conference rooms or hotel meeting facilities rather than courtrooms.
The hearing, though less formal than a courtroom proceeding, adheres to guidelines for evidence presentation, testimony, rebuttal, and closing arguments. The arbitrators will base their decision on the evidence and testimony submitted by both parties.
After deliberation, you’ll receive the decision by e-mail, which will state whether your claim resulted in an award of damages without providing a reason. If the decision favors you, the notice will specify the awarded amount and payment terms.
Our lawyers are nationwide leaders in investment fraud cases.
Get Legal Representation for Securities Arbitration Today
Our securities fraud attorneys have a successful track record representing cases in FINRA arbitration. We have recovered millions of dollars for our clients. We encourage you to watch our helpful video to learn more about non-lawyers vs. lawyers in arbitration hearings.
Our firm’s attorneys represent investors nationwide in securities arbitration and litigation claims. For a free case evaluation, contact us by phone or by filling out our online form.
Recovering Losses Caused by Investment Misconduct.