Are you dealing with the financial fallout of a brokerage’s negligence? You have the right to recover. You can connect with a FINRA arbitration lawyer in Colorado to hold brokerages and advisors responsible for losses you sustained due to their negligence.
We encourage you to partner with Meyer Wilson and its Colorado investment fraud lawyers today. Our services can help you privately resolve financial disagreements under FINRA’s Code of Arbitration Procedure. Contact us today to learn more about how our services can help you stabilize your financial future.
What Claims Can You File During FINRA Arbitration?
The type of claim you can file in the face of financial negligence depends on the amount of support you intend to reclaim. Colorado FINRA arbitration attorneys can break these claims down as follows:
- If you stand to receive less than $50,000 in financial support, you aren’t filing a claim but rather entering written negotiations with a brokerage firm
- If you stand to receive less than $100,000 but more than $50,000 in financial support, you are filing a small claim
- If you stand to receive more than $100,000 in financial support, you are filing a large claim
You can count on an attorney to guide you through the creation of all of these claims, even those that confine themselves to private, out-of-panel exchanges.
How Can You Build a Strong FINRA Arbitration Claim?
Before you can file for FINRA arbitration, you need to compose your claim. Composing a claim requires you to gather evidence of negligence that puts your financial standing at risk. Behaviors worthy of a claim may include the following:
- Inappropriate asset allocation
- Broker negligence
- Breach of fiduciary duty
- Failure to supervise
- Unauthorized trading
The evidence you integrate into a claim may range from verbal confessions and witness statements to electronic evidence of the misuse of funds. Our team can gather this evidence on your behalf before compiling it into an efficient record.
Our efforts can also ensure that you include a request for fair compensation based both on the money a liable party compromised and the cost of your stress throughout the following proceedings. The party you name responsible for that financial stress has 45 days to respond to your claim upon your filing.
When Should You Contact a Colorado FINRA Arbitration Lawyer?
We encourage you to connect with a Colorado FINRA arbitration lawyer as soon as you suspect your finances may be at risk. The sooner you get an experienced attorney on your side, the sooner you can prevent a brokerage firm or related party from further compromising your financial standing.
Your first case consultation with our team comes free of charge. You can contact us today to learn more about the services we make available to parties in your position.
How Does FINRA Oversee the Claims Process?
The FINRA Code of Arbitration places regulations on FINRA arbitration. It determines which claims move forward and which parties may recover lost damages through arbitration. Any party that wants to engage in a relationship with a brokerage firm signs an agreement under this code that allows the code to keep relationship disputes under it out of civil court.
Colorado FINRA arbitration lawyers must abide by the FINRA Code of Arbitration when determining whether certain parties have the right to move a claim forward. We encourage you to work with an experienced attorney to determine whether you can act within it.
Should you have the right to proceed, you can count on our attorneys to help you file a claim and act out arbitration as you need to recover your lost damages.
When Can You Expect FINRA Arbitration to End?
Should you file a claim against a brokerage firm or related party, the size of your case dictates how arbitration proceeds. If your case concludes in your favor, the party responsible for your losses cannot appeal that decision. Decisions made under FINRA arbitration and the FINRA Code of Arbitration are final.
Brokerage firms then have 30 days to provide you with the financial aid you requested in your initial claim. You can count on our team to remain vigilant during this 30-day period, as some brokerage firms may attempt to ghost you in an effort to avoid paying you your due. Brokerage firms that refuse to cooperate with arbitration’s findings risk losing their licenses.
Let Meyer Wilson Fight for You
Meyer Wilson’s FINRA arbitration attorneys in Colorado were recognized by Best Lawyers in 2024 as some of the best legal aids in the United States. We bring that degree of experience to your fight for damages in the wake of a brokerage’s financial negligence. You can count on our team to prioritize your economic recovery in addition to your personal privacy.
You can book a free case consultation with our attorneys today. These conversations do not lock you into arbitration. It’s up to you whether or not you move forward with our team. Contact us today to learn more about how our services can help you take back control of your financial future.