FINRA arbitrations posted on the internet

Posted On: January 18, 2011 by Law Offices of Ralph Behr

Since 1987 everyone who signs a customer agreement with a wire house or stock brokerage firm in the United States agrees to submit any broker disputes to arbitration. The United States Supreme Court as recently as 2008 effectively put the final nails into the coffin of federal court relief. Saying that unless the arbitrators were panel of "monkeys” ... you live and die by the arbitration panel’s decisions. Arbitration for claims of less than $25,000 is submitted in writing, and there are no hearings. A claim for over $25,000 will put you in front of a three person arbitration panel. The arbitration process is not a formal process and it does not invoke the federal rules of evidence. In selecting your arbitrators be very mindful of their backgrounds: if you select a retired judge you know it'll be by the book of federal evidence. If you agree to have an arbitrator who is a former stockbroker, well that's something we should discuss. If you feel you have been the victim of a stockbroker misdeeds, fraud or inappropriate investments, and you have suffered losses, contact a South Florida securities lawyer for a review of your claim. Most federal securities fraud lawyers in Fort Lauderdale and Boca Raton, Florida will sit and talk with you for no fee and review your claim. FINRA has a very extensive and excellent website which you should put on your browser. One of the buttons will need you to pages where the results of arbitration, awards and denials are posted: the you can check for names of people you deal with or know.