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FINRA Arbitration

Have you been wronged by a financial advisor or broker-dealer? If so, you may be entitled to compensation through FINRA arbitration. Heritage Law Office offers FINRA arbitration services to help you get the compensation you deserve.

What Is FINRA Arbitration?

FINRA arbitration is a process through which disputes between investors and financial firms are resolved. It is administered by the Financial Industry Regulatory Authority (FINRA), and it is an alternative to going to court.

Unlike court, FINRA arbitration is typically faster, cheaper, and less adversarial. It's also confidential, which means that the proceedings will not become public record. 

If you decide to file for FINRA arbitration, a panel of arbitrators will hear your case and render a decision. If the decision is in favor of the individual, the financial advisor or broker-dealer will be required to pay damages.

What to Expect During the FINRA Arbitration Process

The first step in the arbitration process is filing a Statement of Claim with FINRA. This document outlines the nature of the dispute and what damages are being sought. Once the Statement of Claim is filed, both parties will have an opportunity to review the evidence and prepare for their day in court. 

On the day of the arbitration hearing, each side will present their case before a panel of arbitrators. After hearing both sides, the arbitrators will render a decision. In most cases, the arbitrators' decision is final and binding. 

Is there an Alternative to FINRA Arbitration?

Yes. Often, the parties will decide to choose FINRA Mediation before filing for FINRA Arbitration to save time and money.

FINRA mediation is a voluntary process in which an impartial mediator helps parties resolve their dispute. Mediation is often faster and less expensive than arbitration, and it allows parties to have more control over the outcome of their case. Unlike arbitration, which is binding, mediation is non-binding, which means that parties are free to walk away from the mediation at any time if they are not satisfied with the results.

If the mediation is unsuccessful in resolving the issues, arbitration is usually filed.

What are Some Common Claims Resolved in FINRA Arbitration?

Here are some types of claims that can be filed in FINRA Arbitration:

  1. Securities Fraud
  2. Theft
  3. Unsuitability
  4. Churning
  5. Failure to Supervise
  6. Breach of Fiduciary Duty
  7. Excessive Trading
  8. Ponzi Schemes

Why Choose Heritage Law Office?

When choosing a law firm to represent you in FINRA arbitration, it is important to choose one with experience. Heritage Law Office has the skills and experience necessary to represent you in a FINRA arbitration or mediation case.

In addition, we offer our services on a contingency basis—meaning you don't owe us anything unless we win your case.

Contact a FINRA Arbitration Attorney Today

If you've been wronged by a financial advisor or broker-dealer, filing for FINRA arbitration may be the best course of action. And when it comes to navigating the process, Heritage Law Office is here to help. We have experience handling these types of cases and will work tirelessly on your behalf to get you the best possible outcome. Give us a call at 414-253-8500 or send us a message to learn more about how we can help you with your case.

Contact Us Today

For a comprehensive plan that will meet your needs or the needs of a loved one, contact us today. Located in Downtown Milwaukee, we serve Milwaukee County, surrounding communities, and to clients across Wisconsin, Minnesota, Illinois, and California.