Arbitration through FINRA
If you have been deceived by a stockbroker or your account has been handled negligently and you want to recover your losses, your only recourse is probably through arbitration sponsored by the Financial Industry Regulatory Authority (known as FINRA). All of the major brokerage firms and nearly all of the smaller ones require customers to agree that any disputes between client and firm may only be heard by arbitrators appointed by FINRA.
Unique FINRA Rules
FINRA arbitration is not perfect, but court is not either. To its credit, FINRA arbitration affords many injured investors an effective remedy at a significantly lower cost than court. FINRA arbitrations are conducted under its own unique rules that are quite unlike those that apply in court. This means that experience with FINRA and its rules counts.
50 Years of Securities Arbitration Experience on Your Side
The lawyers of Smiley Bishop & Porter, LLP have over fifty years of experience in arbitration. They have served as President of the only bar association dedicated to representing investors in securities arbitration and on the board that advises FINRA on drafting the rules under which arbitrations are conducted.
If you have a dispute with a securities broker/dealer, we would be pleased to discuss your options with you. Feel free to contact us at (770) 829-3850 or Toll Free at (800) 697-4514.