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Florida Securities Arbitration Lawyer

As a general rule, arbitration may only be used as an alternative to litigation if the parties agree to arbitration or if they have a contract requiring them to arbitrate. Most members of the brokerage industry commonly put language regarding mandatory arbitration of claims in the paperwork they have customers sign. Without knowing it, you may have agreed to arbitrate any claim against your broker in your initial customer agreement or in a subsequent margin agreement. Depending on the language used, your claim may be arbitrated under FINRA rules or under the rules of another arbitration provider, like the American Arbitration Association. Review of the paperwork you signed with your broker will let you know the specific arbitration terms to which you have agreed. Contact our experienced Florida securities arbitration lawyer today.

Most securities arbitrations however take place under the control of the Financial Industry Regulatory Authority (FINRA) because it has rules requiring members to arbitrate customer complaints upon request. All stockbrokers and brokerage firms should be FINRA members and most securities arbitration claims involve allegations of broker-dealer wrongdoing, common and state law claims, and typically claims involving violations of FINRA rules and regulations.

Whether you choose arbitration or are required to participate in it, most arbitration proceedings generally use court-like rules and procedures to resolve claims. FINRA has its own Code of Arbitration procedure that is very informative and provides guidance on the arbitration process.

Let Mr. Tendrich’s knowledge of the arbitration process work for you.

Depending on the size of your claim, FINRA arbitrations will typically involve a panel of one or three decision makers or arbitrators. Typically in a three person arbitration panel, the arbitrators will be “lay” people such as teachers, lawyers, business owners, accountants, firefighters and police officers, etc.

During the arbitration, the arbitrators will determine what evidence is heard; will hear testimony from witnesses. After hearing all the evidence the arbitrators will issue their decision. A typical securities case can usually be heard in a week or less; however, each case is unique and if more time is required, it will be requested.

An investor usually receives a decision regarding their arbitration claim from the arbitration panel within thirty days of the arbitration proceeding. Provided the firm and/or broker is a FINRA member, most arbitration awards are promptly paid because of FINRA rules and requirements to do so.

FINRA Arbitration Attorneys

Put your case in the hands of an experienced Boca Raton FINRA arbitration lawyer

Gregory Tendrich, P.A. represents investors, brokers and securities firms in FINRA arbitrations nationwide. FINRA (the Financial Industry Regulatory Authority) regulates securities firms doing business in the United States. Disputes between the following are generally governed by the FINRA rules and FINRA arbitration process:

  • Investors and their securities firms
  • Investors and their brokers/registered representatives
  • Registered representatives and their employers (securities firms)

Most securities disputes are handled through arbitration because people sign contracts that have arbitration clauses. Indeed, most people can’t open an investment account or conduct a complex business transaction without signing such a provision. If you didn’t sign an arbitration clause, you can choose to arbitrate or litigate your dispute. Gregory Tendrich, P.A. can advise you on the best avenue to take.

We have handled FINRA arbitrations on behalf of investors, brokers and securities firms. We are highly experienced in the FINRA arbitration process, and we can help when you need an experienced FINRA arbitration lawyer. If you are an investor, broker (registered-representative) or securities firm faced with a FINRA arbitration or disciplinary proceeding, contact us now for a free initial consultation.

Disputes between investors and FINRA stockbrokers and brokerage firms can be resolved in arbitration or mediation. Gregory Tendrich, P.A. will safeguard clients through:

  • Mediation ― Mediation is an informal, voluntary and non-binding process. A mediator facilitates negotiations between the disputing parties and helps them find a mutually acceptable solution to the dispute.
  • Arbitration ― This formal dispute resolution process enables disputing parties to make or respond to a claim. Most securities arbitration disputes are filed with the Financial Industry Regulatory Authority (FINRA). An arbitrator, who is a neutral third party, is selected to listen to the arguments of the disputing parties, study their testimony and evidence and then make a decision on the matter. When you arbitrate your claim, you waive the opportunity to have the same matter tried in a court of law afterward because an arbitration award is final and binding. Arbitration is cost-effective and minimizes stress for clients.

The Florida securities arbitration law firm you want on your side

When you want to mediate or litigate a securities dispute, call Florida securities arbitration lawyer Gregory Tendrich, P.A. at 561-327-7782 or contact the firm online to schedule your complimentary consultation. Gregory Tendrich understands what is at stake for you.

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