Our securities arbitration attorneys represent companies of every size in a variety of disputes. These disputes may involve allegations of securities fraud, breach of fiduciary duties, insider trading, and other violations of securities regulations. To speak to a Weiss Brown Phoenix Securities Arbitration Attorney in a consultation, call (480) 327-6650 or reach us online today.
Why Choose Our Phoenix Securities Arbitration Attorney?
- Our lawyers are experienced in the complex rules and regulations that govern the securities industry and the arbitration process.
- We perform extensive research and have a deep understanding of the financial industry, the markets, and the relevant legal and factual issues involved in each dispute to help our clients resolve their cases with the most favorable outcome possible.
- We are committed to providing our clients with aggressive and effective legal representation at a reasonable price.
What is FINRA’s Role in the Securities Industry?
FINRA (Financial Industry Regulatory Authority) is a self-regulatory organization (SRO) authorized by the United States Congress to regulate the securities industry. Its primary role is to protect investors by enforcing high ethical standards and fair dealing practices. FINRA’s key responsibilities include the following:
- Registration and licensing of securities professionals
- Compliance oversight
- Dispute resolution
- Education and outreach to help investors understand the securities industry and make informed investment decisions
FINRA is also responsible for establishing the rules for the securities arbitration process.
Securities Arbitration Basics
Securities arbitration is a process for resolving disputes between investors and their brokers, or disputes between two brokers, over investments. The arbitration process is governed by the rules established by FINRA and is usually voluntary, but may sometimes be mandatory. Securities arbitration is used to settle disputes over:
- Unsuitable investments
- Unauthorized transactions
- And other investment-related issues
Securities arbitration is intended to provide an alternative to securities litigation, which can be costly and time-consuming. In securities arbitration, the parties involved submit their cases to a panel of arbitrators, who review the evidence and make a binding decision.
Do You Need an Attorney for Securities Arbitration?
While it is technically possible to represent yourself in securities arbitration, doing so is generally not recommended. The stakes in these cases can be high, and having the guidance and support of a skilled attorney can be critical to achieving a successful outcome. The panel of arbitrators can help parties understand the arbitration process and the applicable rules and regulations. Still, the panel cannot provide specific legal advice as they are trained to serve as impartial decision-makers. Having a Phoenix securities arbitation attorney can help ensure that your rights are protected throughout the arbitration process. They will assist you in preparing your case, gathering evidence, and presenting your arguments effectively. They can also advise on your case’s strengths and weaknesses and help you evaluate settlement offers or other potential resolutions.
Is there a Time Limit on FINRA Claims?
There is a time limit on securities arbitration claims, known as the statute of limitations. The statute of limitations is the time period within which a claim must be filed, or it may be barred forever. Generally, it is six years from the date of the occurrence or event giving rise to the claim. However, certain circumstances may shorten or lengthen this deadline.