JOHN LAWRENCE ALLEN, ESQ

For Securities Fraud & Broker Fraud Call:

1.800.345.1888

Arbitration

  • John Lawrence Allen
Broker Fraud & Securities Fraud Lawyer Is arbitration required in investor and securities claims?

An arbitration clause is a clause in a contract that requires the parties to resolve their disputes through an arbitration process. Although such a clause may or may not specify that arbitration occur within a specific jurisdiction, it always binds the parties to a type of resolution outside of the courts, and is therefore considered a kind of forum selection clause.

When you open an account with a...

  • John Lawrence Allen
Broker Fraud & Securities Fraud Lawyer Can I file a broker complaint and pursue arbitration?

If you feel that other investors could also be losing money due to the misconduct of a broker, you may want to file a complaint with the state securities commission, Securities and Exchange Commission or one of the self-regulatory organizations.  The primary regulatory organization is FINRA (the Financial Industry Regulatory Authority).

FINRA supervises about 5,0000 brokerage firms, 165,000 branch offices and 6350,000 registered securities representatives.  You can...

  • John Lawrence Allen
Broker Fraud & Arbitration Claims Do stockbroker misconduct claims go through arbitration?

More than likely, your stockbroker misconduct claim will be handled in mandatory arbitration before the Financial Industry Regulatory Authority (FINRA). The majority of broker disputes are heard in front of a panel of arbitrators versus before a judge and jury.

When you signed paperwork with your stockbroker, there was probably a provision included in your documents that outlined the details of how a dispute must be handled. You may not...

  • John Lawrence Allen
Broker Fraud & Securities Fraud Lawyer How much does arbitration cost?

In pursuing their claims, the investor is responsible for certain expenses. Those expenses include filing fees, discovery costs, the cost of preparing exhibits, and, if the matter is not settled prior to arbitration, the costs of hiring expert witnesses and FINRA hearing fees.

For an example of payouts, let’s take a look at the record of a random New Jersey-based firm, Looking back over the last five years, two cases alleging...