Finra Arbitration

The securities industry is worth billions and it is closely supervised as a result of the large portion of the economy it represents. The amount of litigation that would be brought from this overarching oversight by the federal government would require its own court system. It would be almost as expensive to supervise the industry as it would to let offenses slide. So, to try and manage the large number of disputes or investigations, the Financial Industry Regulatory Authority (FINRA) was created. FINRA is the largest forum in which disagreements can be resolved without court involvement. FINRA helps the securities industry in disputes involving various investors and between brokerages and individual brokers or investors and brokers.

Still, when the deck is stacked against a single investor or broker as opposed to a class of investors or a wealthy brokerage, the proceedings can still be quite imposing or intimidating. Anyone involved in a dispute needs representation for these types of conflicts and most importantly, for FINRA arbitration. It is mandatory and can yield binding results. The representation must be legal and to be of any use, needs to be from a lawyer and/or firm with tried and true experience, and more importantly, success in these proceedings. No other type of experience or knowledge will help a party to these actions because the procedure is unique and a breach or error of it can result in a loss, prejudice or immediate removal to court proceedings which could greatly exaggerate any of the stakes.

The right firm will be one that has a proven record of success for both lay investors and brokers as well as securities industry professionals. They will know how the arbitration works from both sides in order to act appropriately and anticipate the opposition’s actions. The appropriate representation will be a law firm that has a history of monetary recovery for investors as well as exoneration or freedom from liability for brokerages and security industry professionals.