May 21, 2024

FINRA Arbitration Lawyer

Investing is usually risky, but when you endure substantial stock losses due to the actions of your stockbroker or brokerage firm, a FINRA arbitration attorney can assist you in holding them accountable.

Under no circumstances should your broker ever put their own interests above yours, but it happens with alarming frequency. In most cases, the stockbroker will either be attempting to increase their commissions, or they’ll be ordered to commit malpractice as part of their employment, and the entire brokerage firm is unscrupulous.

Either way, when you lose out on $100,000 or more, you have the right to bring unethical brokers and their cohorts to justice. You’ll need to file a request for arbitration with the Financial Industry Regulatory Authority (FINRA) in order to recover your stock losses, and a FINRA arbitration lawyer at Meissner Associates can help.

Reasons to Pursue a FINRA Arbitration Claim

A stock market loss shouldn’t come as a surprise, and they happen all the time, but if your stockbroker has engaged in misconduct and you lose money as a result of their actions, you have the right to seek full repayment. However, we will need to be able to prove to the FINRA arbitrators that misconduct did, in fact, occur. There are some types of malpractice that happen more often than others, including:

  • Failure to supervise
  • Negligence
  • Excessive trading (churning)
  • Lack of diversification in investor trades
  • Unsuitability
  • Misrepresentation

There are several other ways in which stockbrokers can engage in fraud, which is why you’ll need to get in touch with a highly trained FINRA arbitration attorney to find out if it’s worth your time to seek repayment of your stock losses.

More than that, brokers and their firms represent, in some cases, hundreds of investors just like you, and chances are that if you’ve been scammed, so have they. By coming forward and reporting suspected malpractice to FINRA, you could be putting a stop to other investors losing out just like you did.

Preparing for Your FINRA Hearing

Heading to arbitration can be intimidating, and when you’ve already taken a hit due to your stockbroker’s negligence, going to a hearing is probably the last thing you want to do. However, your attorney will ensure that you are prepared for what’s to come so you aren’t too overwhelmed as your case proceeds.

Since our firm represents investors who have lost a significant amount of money, your hearing will take place before a panel of three arbitrators. We will present our findings and documentation of your losses, and then the brokerage firm and/or broker will then attempt to refute the evidence we’ve presented. The arbitrators will then review the evidence at hand to determine if your broker should be compelled to compensate you.

Work with an Experienced FINRA Arbitration Attorney

If you are considering the pursuit of an arbitration hearing but you don’t want to go at it alone, or if you have no idea where to start, reach out to a FINRA arbitration lawyer at Meissner Associates today. You can schedule a complimentary case evaluation by calling our office at 212-764-3100 or submitting the brief contact form we have included at the bottom of this page.