You may need to request arbitration from the Financial Industry Regulatory Authority (FINRA) after experiencing losses caused by a financial advisor’s misconduct. In this situation, you can get help from a Los Angeles FINRA arbitration lawyer.
Our team at Meyer Wilson can assist in this situation. We have over 75 years of combined experience and the resources to guide you through arbitration. You can learn more by reaching out to a Los Angeles investment fraud lawyer for help.
Call or fill out our online contact form for a risk-free initial consultation.
Why Hire a FINRA Arbitration Lawyer Serving Los Angeles?
Hiring an attorney means you’ll have someone on your side to help with the alternative dispute resolution offered by FINRA arbitration. FINRA provides arbitration as a method to keep brokerage firms acting ethically and legally.
However, the steps involved in the arbitration process can become complex, especially if you do not have experience with the financial industry. A lawyer will step in, explain what to expect, and assist with every step of the process.
Our team can help if you need compensation for losses caused by many types of misconduct, including:
- Unauthorized trading
- A breach of fiduciary duty
- Advisor negligence
- Failure to supervise
- Misconduct involving asset allocation
We’re standing by to discuss the specifics of your situation today.
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Do You Have to Seek Compensation Through FINRA Arbitration?
The vast majority of individuals who lose money due to misconduct from a financial advisor must seek compensation through FINRA arbitration. In fact, many people sign contracts with investment firms that require arbitration to handle potential issues.
Generally, arbitration is more efficient than going to trial, anyway. A FINRA arbitration attorney serving Los Angeles can provide more information about the process.
Reasons to Hire Our Firm for Your FINRA Arbitration
Our firm at Meyer Wilson has helped thousands of clients who turned to us for help after experiencing investment misconduct. We have the resources and a legal support team that allows us to confidently handle these complex claims.
We take a client–centered approach to FINRA arbitration, focusing on the specifics of your case. We intentionally maintain a low client-to-lawyer ratio so we have more time to spend on the cases we accept.
Additionally, we have a reputation for successfully handling these cases. We recently helped a large group of investors secure $6,500,000 through arbitration. You can review our case results to see more examples of our work.
We Handle FINRA Arbitration on a Contingency Basis
We understand the financial pressures you may face after misconduct. Therefore, we can assist you in the arbitration process on a contingency fee basis, only taking payment for our legal fees after the arbitration ends.
Once we resolve your case, our firm will receive a percentage of your final compensation as payment for our services. We can provide more information about this payment process when you reach out for a risk-free consultation.
Our lawyers are nationwide leaders in investment fraud cases.
How to File a FINRA Arbitration Claim
We’ll help you understand the steps to requesting FINRA arbitration. Our team can handle filing your statement of claim, allowing us to provide an overview of your misconduct and damages.
You can rely on your FINRA litigation lawyer to ensure the document contains all information pertinent to your claim. We’ll submit the claim online. Keep in mind that you should expect to pay a filing fee when requesting arbitration.
How Long Will the Brokerage Firm Have to Respond?
Once you file your statement of claim, the brokerage firm involved in the misconduct will have to provide a written response in 45 days. We’ll monitor their reactions and keep you up-to-date about the status of your case.
How Long does FINRA Arbitration Take?
The time it takes to complete FINRA arbitration can vary. However, you may expect the process to take around 12 to 16 months. The arbitration hearing itself typically only takes a week, though it may take longer, depending on the complexity of your situation.
We do everything possible to expedite the process so you can get the compensation you need in a timely fashion.
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Are FINRA Rulings Legally Binding?
A FINRA arbitration decision is legally binding. Therefore, if the arbitration panel rules in your favor, you will receive compensation to cover your losses. Except under limited circumstances, the investment firm cannot appeal the arbitration panel’s decision.
FINRA typically releases a document that contains information about their decision. The document may contain details about:
- The parties involved in arbitration
- The claims presented in arbitration
- The party that prevailed for every claim
- The amount the arbitration board awarded for each claim
The brokerage firm will need to provide you with compensation within 30 days if the FINRA arbitration panel finds in your favor.
If the party that engaged in misconduct attempts to ignore this regulation, we can take steps to get their license suspended. We can discuss your options in this situation when necessary.
How Much Money Will You Get Through FINRA Arbitration?
The funds available to you through FINRA arbitration will vary based on the money you lost due to misconduct by another party. You can rely on our team to track all of the losses you sustained so we can calculate the value of your claim.
Getting legal assistance quickly can improve your chances of securing a fair amount of compensation. We can immediately gather paperwork and documentation that establishes your losses and clearly present these losses to the arbitration board.
Talk to Us About FINRA Arbitration in Los Angeles, CA
If you believe you experienced financial losses due to misconduct by a trusted financial advisor, you can work with a Los Angeles FINRA arbitration lawyer.
Our team at Meyer Wilson can assess your situation and get to work quickly when you call or complete our online contact form.
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