May 21, 2024

Can I Sue My Brokerage Firm?

When you find out that you’ve lost money on the stock market, you’re likely to be devastated, but when your loss was preventable had it not been for the misconduct of your brokerage firm, you can seek monetary recovery of your stock losses.

Going up against a large financial corporation can be intimidating for even the most experienced investor, but with Meissner Associates representing your case, you can rest assured that we’ll do everything possible to get the most out of your FINRA arbitration claim. Read on to learn more about why you might go to FINRA arbitration and what to expect during your hearing.

Reasons to Bring Forward a FINRA Arbitration Claim

Since the stock market is risky in and of itself, you might be wondering what sets your loss apart from others. While it’s true that all investments are risky, your risk increases if your stockbroker or brokerage firm is engaging in misconduct so they can profit off of your investment without regard for how their actions will affect your life.

Nearly every scheme comes to an end with a significant loss, but you shouldn’t have to deal with losses in excess of $100,000 that were caused by a reckless brokerage firm. FINRA arbitration allows you to seek repayment for these losses from the negligent party and hold them to account for their wrongdoing.

What to Expect in Your Arbitration Hearing

Once you’ve initiated your arbitration claim with FINRA, you’ll be given a hearing. Your arbitration hearing will be before a panel of three arbitrators who will listen to the evidence we have gathered that demonstrates how your brokerage firm’s misconduct is directly responsible for the investment losses you suffered.

Representatives of the financial planning institution will then attempt to refute our findings in an effort to avoid being found liable. After the arbitrators have heard both party’s claims, they will examine the evidence and make a decision as to whether you should be repaid for your stock losses.

It’s important to note that FINRA arbitration is not always a quick process, but it will typically be significantly shorter than if we chose to bring your case to court.

Reach Out to a Stockbroker Misconduct Lawyer

Don’t let a large financial institution’s reckless conduct go unnoticed. Bring them to justice by consulting with an experienced stockbroker misconduct lawyer at Meissner Associates. We’ll be by your side throughout the arbitration process, ensuring that you’ve done everything possible to be fully awarded for your loss.

You can schedule your confidential case review by giving our office a call at 212-764-3100 or completing our online contact form.