Arbitration

A quasi-judicial process to resolve disputes, which is traditionally more cost effective and timely than your local courthouse.

 

FINRA Arbitration

FINRA arbitration is the largest forum for claims or disputes involving customers, financial professionals, and member firms. FINRA is a self-regulatory organization (“SRO”) that requires arbitration agreements to resolve disputes among its members.

HLBS Law has significant experience handling claims that are brought against our clients or filed on behalf of our clients. Whether the claim is for hundreds of thousands of dollars or millions of dollars, HLBS Law has experience representing individuals and corporations in FINRA arbitration.

While each case is unique and depends on the facts and circumstances of our clients, HLBS Law is prepared to go all the way to the final hearing and litigate for our clients.

Generally, an arbitration case involving a claim for damages can take 6-18 months to resolve, depending on the facts. Here is the general list of what to expect in FINRA arbitration:

  • Demand Letter (optional)

  • Filing/Receiving a Statement of Claim

  • Filing/Receiving a Statement of Answer

  • Arbitrator Ranking (Panel)

  • Initial Pre-hearing Conference

  • Discovery

  • Motions

  • Mediation (optional)

  • Witness/Exhibit Submission

  • Final Hearing

If you have been named in a dispute in FINRA Arbitration or plan to pursue a claim, please contact us today.

Mediation and Alternative Dispute Resolution

(for any securities matter)

FINRA arbitration is not the only arbitration forum out there. HLBS Law has also handled arbitrations in JAMS and AAA. These forums are like FINRA arbitrations and typically follow a similar procedure as described above. The key difference between the two is with the arbitration agreements. Typically, we see these forums for investment advisor representatives who are registered with their respective state or with their employer, which is typically an RIA firm.

HLBS Law can be aggressive while litigating a case in arbitration, but in most situations, mediation is a worthwhile process to resolve claims. Mediation is a key tool for any litigator and HLBS Law has a lot of experience working with mediators to reach an amicable resolution of a claim. HLBS Law has been able to resolve several claims through this process. If you need our help, contact us today.