May 21, 2024

FINRA Lawyer

Dealing with a major stock loss is never easy, but when your financial losses are caused by the wrongdoing of your brokerage firm or stockbroker, you can file a FINRA arbitration request to recoup the repayment you deserve when you reach out to a talented FINRA attorney.

The Financial Industry Regulatory Authority (FINRA) is partially responsible for the regulation and conduct of stockbrokers and brokerage firms, alongside the United States Securities and Exchange Commission (SEC). Although there are many risks when you choose to become an investor, your financial advisors should not be responsible for any additional risks you might be exposed to.

Your attorney at Meissner Associates is prepared to do whatever is possible to compel the at-fault party to compensate you for the investment losses they’ve inflicted upon your life.

We are prepared to build a case against the stockbroker and their firm, if necessary, to obtain full reimbursement for the losses you sustained. You can be sure that a FINRA lawyer at our firm will work diligently to ensure that you aren’t taken advantage of for another moment.

Examples of FINRA Disputes

There are many different types of claims that are brought before FINRA, one the most common of which is misconduct against investors. Continue reading to learn more about how Meissner Associates can help you if you find yourself in this difficult situation.

When you first open up your investment account, you should have been notified that you will have agreed to settle any dispute in FINRA dispute resolution.

There are a number of reasons why an investor may be less than thrilled with their broker, the most notable of which is excessive financial losses. However, even a substantial loss in and of itself is not grounds for FINRA arbitration.

The broker in charge of your account must have engaged in misconduct, such as excessive use of margin, churning of accounts, unauthorized trading, providing false or misleading information, or making unsuitable investments.

As an investor, if you believe that your broker has wronged you, resulting in losses of $100,000 or more, you can reach out to an experienced FINRA attorney for further assistance in securing maximum indemnity.

Filing a FINRA Arbitration Claim

Pursuing FINRA arbitration is very similar to bringing your case to court, except that it is usually much quicker and cost-effective. In an arbitration hearing, your case will be heard by a panel of three arbitrators. Your attorney will present the evidence to support your case, and the defense will do the same for their side.

After all arguments have been heard, the panel of arbitrators will review the details of your case before rendering a decision. You should also be aware that though arbitration takes far less time than going to court, it can take as much as sixteen months for your award to be issued by the arbitrators once you’ve won a case.

FINRA Statute of Limitations

FINRA Rule 13206 explicitly states that you have six years from the date that misconduct occurs or from the date that you become aware of misconduct to file your claim.

With this in mind, working with an esteemed attorney would be well-advised, as it is very likely that the defense will try to raise questions regarding time restrictions that are less than the FINRA statute of limitations. Your FINRA attorney will be prepared to handle these objections and proceed accordingly.

Get Help from an Experienced FINRA Attorney

The stock market as a whole can be complicated enough without the burdens of money-hungry stockbrokers and brokerage firms. However, you can hold them accountable for their wrongdoing by reaching out to a qualified FINRA lawyer at Meissner Associates.

We will work diligently to hopefully secure the justice you’re entitled to. You can schedule your free consultation today by giving our office a call at 212-764-3100 or by completing the online contact form provided below.