If you’ve incurred investment losses due to your broker or financial advisor’s misconduct or negligence, you may have a claim to recover compensation. You can pursue your claim by filing for FINRA arbitration administered by the Financial Industry Regulatory Authority. Get the legal help you need to navigate this process and demand accountability from your broker-dealer or advisor by contacting Erez Law, LLC today. We offer free and confidential consultations to prospective clients, during which we will discuss how a FINRA lawyer can help you demand accountability and compensation.
How a Florida FINRA Attorney Can Help
FINRA arbitration offers a more streamlined process for resolving claims or disputes with a broker-dealer or financial advisor compared to traditional litigation. Securities disputes often involve complex facts and legal issues that are best addressed with the help of an experienced FINRA attorney. A securities industry lawyer from Erez Law, LLC can guide and represent you through arbitration, advocating for your right to financial compensation for your investment losses caused by a broker’s or advisor’s wrongdoing or negligence.
Let our legal team fight for the financial recovery you need and deserve by:
- Conducting thorough investigations into all of your claims to gather evidence we can use to build a compelling case, including brokerage statements, emails, letters, prospectuses, disclosure documents, and stock market records
- Preparing and filing your statement of claim with FINRA so that all your claims are included in the FINRA arbitration
- Helping you select experienced and fair arbitrators to preside over your dispute
- Working with leading financial experts to develop compelling arguments to prove your broker’s negligence or misconduct caused your financial losses.
- Aggressively negotiate with your broker and their counsel to pursue a settlement that provides you with fair compensation for your losses.
- Preparing a case to present to the arbitrators to fight for the financial recovery you deserve if the broker won’t agree to a fair settlement
Our nationally recognized securities law firm boasts over 35 years of experience, having successfully tried more than 50 cases in FINRA arbitration and recovered over $200 million for our clients.
Common Matters Our Florida FINRA Lawyer Handles
At Erez Law, LLC, our FINRA attorneys represent clients who have claims against broker-dealers and brokerage firms, including claims involving:
- Churning: Churning occurs when a broker makes excessive and unnecessary trades on a client’s account to generate transaction fees for the broker rather than as part of a legitimate investment strategy.
- Lack of diversification: Brokers must ensure that a client’s account has diverse investments to prevent significant losses if one investment or sector suffers a significant downturn. Brokers may be financially responsible for compensating a client if they put too much of the client’s investments into a particular company or industry sector.
- Misrepresentation: A broker may engage in misrepresentation when they fail to provide clients with complete, correct disclosures about a proposed investment so that they can make informed investment decisions.
- Negligence: Brokers who provide clients with bad advice through careless mistakes may be liable for a client’s resulting financial losses.
- Fraud: Many customer complaints regard the negligent administration of an account. However, some broker-dealers may be involved in allegations that an investment advisor intentionally misrepresented investments or concealed information from clients.
- Unauthorized trading: Unauthorized trading occurs when brokers make trades on a client’s account without the client’s knowledge or authorization.
- Unsuitable investments: Broker-dealer firms must use their professional experience to determine a client’s investment goals and financial needs so the advisor can identify appropriate investments or investment strategies to meet them. Clients may have claims against financial advisors who direct them to unsuitable investments, such as recommending volatile investments to a client who prefers safer options.
- Violations of securities laws: Clients may pursue securities arbitrations after suffering financial losses due to brokers’ breaches of state and federal securities laws, such as insider trading or dealing in unregistered securities.
- Breach of fiduciary duty: Under federal and state laws, investment advisors owe their clients fiduciary duties. The Securities and Exchange Commission notes that broker-dealers typically owe only a suitability standard to their clients. However, the line between an investor and a broker-dealer can be blurred in certain circumstances. Fiduciary duties require advisors to place clients’ interests before their own and provide full disclosure to clients. A breach of fiduciary duty is a violation of this responsibility.
Our FINRA lawyers have extensive experience handling such claims and are dedicated to securing fair outcomes for investors nationwide.
What Is FINRA Arbitration in Florida?
Most brokerage and investment account agreements require disputes to be resolved through FINRA arbitration. FINRA is a self-regulatory association of securities brokers in the United States. FINRA is a self-regulatory body that governs U.S. securities brokers and provides a forum for resolving customer disputes. Arbitration differs from court litigation—it uses a panel or single arbitrator, and rulings are binding and enforceable. Arbitrators may base decisions on fairness rather than strict legal precedents. Procedures are less formal, and appellate rights are limited.
The process starts when a client files a statement of claim. The parties select arbitrators from FINRA’s panel, and the arbitration generally concludes in 9 to 18 months. Clients have six years from the date of the misconduct to file a claim.
Contact Our Florida FINRA Arbitration Attorneys for a Free and Confidential Consultation
If you’ve suffered investment losses due to broker or advisor misconduct, contact a FINRA attorney at Erez Law PLLC today. We offer nationwide representation, including in Miami, and will provide a free case evaluation. Let us help you hold wrongdoers accountable and pursue the financial recovery you deserve through FINRA arbitration.