Experienced FINRA Arbitration Attorneys
Myth #1: Arbitration is expensive
Reality: A typical arbitration case is not terribly expensive to litigate. FINRA charges a filing fee which depends on the size of the claim. There are also some incidental costs, such as copying and FedEx charges. In some cases, there may be travel and expert witness costs, but our FINRA arbitration attorneys aim to litigate cases in the most efficient and cost-effective manner.
Myth #2: The discovery process is intrusive
Reality: FINRA mandates the exchange of certain documents and information. However, this exchange is entirely confidential and no personal information is ever released.
Myth #3: Arbitration cases are public
Reality: FINRA arbitration is a private process. The only item that can become public is an arbitration award, which does not typically contain personal information concerning the parties. While the arbitration awards are technically public, anyone wanting to review an award must specifically search FINRA’s website—they are not found through standard search engines like Google.
Myth #4: Arbitration is rigged against investors
Reality: While winning an arbitration case is not easy, good cases that are presented well by attorneys specializing in FINRA arbitration can have very strong results. FINRA recently began offering all investors the option of having an “all-public” arbitration panel, meaning that no one with recent ties to the securities industry serves on the panel. These “all-public” panels have helped level the playing field for investors.
Myth #5: My legal fees will be so high that bringing a case isn’t worth the time
Reality: Our investment arbitration lawyers work on a contingency-fee basis. This means that we only earn a legal fee if we obtain a recovery on your behalf. In other words, if for some reason your case is not successful you will not owe us a legal fee. Our contingency fees are reasonable and are meant to ensure that our interests are entirely aligned with yours, a “win-win” proposition.
If you are involved in a dispute with a brokerage firm that may require arbitration, or if you have additional questions about the FINRA process, contact our securities arbitration law firm today. Zamansky LLC offers free, initial consultations and we respond to all inquiries within 24 hours.