Arbitration
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When opening an investment account most brokerage houses include a provision which requires the investor who has a complaint for money damages against his or her broker or brokerage firm to have the matter decided at an arbitration proceeding.
Arbitration is like a trial but without a jury. The judge(s) are a panel of 1 or 3 (depending on the amount of the claim) qualified arbitrators who act as judge to decide the outcome of the action.
WHAT ARE MY CHANCES OF WINNING AT ARBITRATION?
80% of all customer cases settle in favor of the investor prior to the rendering of an arbitration award according to the Securities Arbitration Commentator, a periodical publication. Over half of the remaining 20% that do not settle prior to arbitration result in an award to the customer. While our firm cannot guarantee success, we will not accept a case unless we believe there is merit to the client's claim and that some monetary recovery is warranted.
If you have lost money through broker negligence or fraud, then please give us a call. We can help. |
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