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10 Warning Signs
you may have a Problem with your stockbroker, financial planner or investment advisor.
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You lose more money than you thought you were risking.
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Investment losses negatively impact your retirement or or lifestyle
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Your broker won't return your calls
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Your broker is good at telling you what to buy, but not what to sell
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You are losing money in an IRA or retirement account
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Your broker has more excuses than ideas
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Your broker suggests an annuity for your IRA account
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"Risk" is never part of the conversation
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Your broker says it's "safe", but your gut says differently
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Your "investment professional" loses a lifetime of your savings
Click here for a
FREE CASE REVIEW |
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We are FINRA Arbitration Experts,
But What IS FINRA Arbitration??
FINRA arbitration is the stock brokerage industry’s dispute resolution
system. FINRA arbitration provides a relatively inexpensive and consumer
friendly way for investors to resolve financial disputes with their
stockbrokers, financial planners and investment advisors. You should
absolutely consider FINRA arbitration if you have lost more money with your
broker than you thought you could lose, or for any of the other reasons we
describe.
FINRA Broker check
FINRA Broker check is the stock brokerage industries' way of helping
consumers to find out about their stockbroker’s background, employment
history, disciplinary issues and customer complaints. Virtually every
consumer advocate suggests that you use FINRA broker check to investigate
any broker with whom you are considering doing business. Although much
maligned for not being complete - with complaints that brokers have found
all kinds of loopholes for not disclosing every complaint - we agree that
FINRA broker check is a good place to determine where your broker has been,
and what if anything is disclosed about his/her past in the industry.
Another option is to ask for confirmation in writing from your broker
and his firm, that what is shown on FINRA broker check is complete and there
are no other customer complaints that were expunged. Sometimes some
brokers appear to have a “clean” record, but actually have been the subject
of numerous customer complaints. SEC and FINRA should make that disclosure
to the public, but as of right now, they don’t.
Do You Need an NASD Lawyer?
The first question we hear is “don’t you need a lawyer to bring a
claim at FINRA?” The short answer is no, FINRA (which used to be
called the NASD) rules allow customers to be represented , not just by NASD
lawyers, but by almost anyone with the expertise to do so. And we have
more experience and have successfully concluded more claims over the past 18
years than most of the so-called NASD lawyers who also regularly practice in
these arbitration forums.
We approach securities cases in much the same way as a compliance officer
or branch manager might. The question is - would you prefer to be
represented by an attorney or someone that is an expert in your particular
situation.
If you are suing because of a construction defect, would an experienced
contractor make a good representative to advance your claim, or an attorney
that never drove a nail. In a medical mal-practice claim, would you want an
experienced surgeon as your advocate, or an attorney that has no ability
whatsoever to perform surgery?
Arbitration has changed the landscape, allowing individuals that have
good communication skills and expertise in a particular industry to provide
more competent representation than attorneys in arbitration.
If you need to go to court, you must have an attorney. But, if you must
go to NASD arbitration, you need an expert, and there are very few
attorneys with the expertise we have in the securities industry.
Remember, arbitration is not an alternative form of litigation, rather it is
an alternative to litigation.
The
Securities arbitration process performed by Investors Recovery Service includes, at a
minimum, the following actions:
- Research and evaluate your investment fraud claim.
- Prepare a demand letter identifying various violations of the FINRA Rules of Fair Practice
governing stock broker / dealer conduct
- Prepare and properly submit a statement of claim.
- Review respondents answer to statement of claim with claimant(s).
- Respond to various motions raised by respondent(s).
- Prepare and serve document and information requests upon respondent(s).
- Respond to document and information requests served upon claimant(s).
- Participate in pre-hearing conferences (often involving disputes regarding Motion to
Dismiss and document production).
- Carry on dialogue with respondent’s attorney or representatives, including settlement
negotiations.
- Prepare exhibits and identify witnesses, (including experts) for the securities arbitration hearing.
- Plan and develop strategy for the securities arbitration hearing.
- Present claimant’s case at arbitration hearing (most often used forum - NASD).
FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES OR
FOR A NO OBLIGATION CONSULTATION
CALL US TOLL FREE 800•285•8507
or
Click here for FREE stock fraud case review
Investors Recovery Service is not a law firm -
and we think that is a good thing - For YOU!
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