FINRA Arbitration Lawyer

Hire a reputable and trusted FINRA arbitration lawyer at Patil Law for your arbitration or mediation needs. An attorney who represents you during these complex proceedings can provide experience, direction and advice. Generally, brokerage firms have a cutthroat legal team to defend their case, so it’s best to hire one on your side that’s equally eager to fight for your cause.

The law firm’s founder, Chetan Patil, has over 15 years of extensive experience in diverse, complex disputes and transactions across the country. To date, Patil Law has recovered over $25 million on behalf of its clients.

One of the most notable lawsuits involved a $5 million settlement for clients who were improperly sold multiple illiquid Real Estate Investment Trusts (REITs) and who were victims of forgery. Feel free to browse through the firm’s impeccable track record.

Chetan specializes in litigations, trials, arbitrations, and appeals of complex securities, Financial Industry Regulatory Authority (FINRA) cases, and financial and business disputes, with an emphasis on securities, financial services, and financial regulatory law.

Why Choose Patil Law?

Patil Law’s clients will benefit from the depth and breadth of Chetan’s legal experience and judgment. He has handled and overseen over a thousand litigation and arbitration cases nationwide in federal and state courts and arbitration forums.

As a testament to their deep care and commitment, Chetan and his team of legal experts travel extensively for their clients all around the country.

They have represented defrauded investors, family trusts, family offices, public and private companies of all kinds, including banks and other financial institutions, broker-dealers, registered investment advisors, advisory firms, and securities brokers.

How Much Do We Charge: We believe in accessible justice. Thus, we operate on a contingency fee arrangement. You do not pay any legal fees upfront. We only get paid if we secure a favorable settlement or verdict for our clients.

Contact Us Now: If you or a loved one needs a FINRA arbitration or mediation lawyer, look no further. Patil Law is here to help you fearlessly pursue justice and compensation against those who have wronged and scammed you for your hard-earned money.

Call us now at (800) 950-6553 or send us a message through our secure and confidential online form. Our team of compassionate professionals is always on standby to provide immediate assistance.

What is FINRA Arbitration?

If you have a dispute involving the business activities of a brokerage firm or one of its brokers and are seeking monetary or other relief, you can file an arbitration claim or request mediation through FINRA’s Dispute Resolution Services.

Generally, to be considered for arbitration or mediation, the alleged act which gave rise to the claim must have taken place within the past six years.

However, if arbitrators see that an ongoing situation is causing the dispute, it can still be submitted. For instance, if a customer bought stock 10 years ago and there are claims of ongoing fraud from the time of purchase until six years before filing, it can still be accommodated.

What Is The Difference Between Arbitration And Mediation?

Arbitration cases are decided by independent arbitrators who are chosen by the parties to issue final and binding decisions. It’s a compulsory process requiring FINRA members to answer claims.

On the other hand, in mediation, parties jointly select an independent mediator who assists the parties in reaching a negotiated resolution. Mediation is voluntary, and both sides must agree before a session can commence.

Separately, constituents may also file a complaint through FINRA’s Investor Complaint Center to alert FINRA’s Regulatory Department to potentially fraudulent or suspicious activities by brokerage firms or brokers.

It should be noted that filing an investor complaint does not ban you from filing a separate arbitration or mediation case. Both can be pursued simultaneously.

What Is FINRA’s Arbitration Process?

The appeal of arbitration is that it’s faster, cheaper and less complex than court litigation. As for the timeframes, if the case settles, an arbitration will last around one year. However, if the case goes to hearing, the process usually takes 16 months.

A typical arbitration proceeding involves several steps:

  • The claimant files a claim
  • The respondent submits an answer
  • The parties select the arbitrators
  • The parties attend an initial prehearing conference
  • The parties exchange discovery
  • The parties attend hearings
  • The arbitrators deliberate and render a decision

How Long Do I Have To File An Arbitration?

You must take prompt action to protect your legal rights, otherwise, you may lose the right to seek a remedy or recover your funds.

The Code of Arbitration Procedure Rule 12206 for Customer Disputes and Rule 13206 for Industry Disputes outline the time limits for submitting a claim in arbitration.

This code allows a claim to be filed within six years of the occurrence or event giving rise to the cause of action. However, time restrictions, called “statutes of limitations,” may be shorter than six years.

Your opponent might raise a statute of limitations that is shorter than six years as a defense to your action. Consulting with an experienced financial arbitration lawyer is highly recommended.

Consulting with an experienced financial arbitration lawyer is highly recommended as we can argue for an extended allowable filing period based on when you discovered the misconduct by your financial advisor or brokerage firm.

Should I Hire An Attorney For Arbitration?

FINRA rules do not require parties to be represented by attorneys, however, arbitration involves complex legal procedures and rules specific to securities disputes. A lawyer experienced in this field understands the intricacies of these proceedings, ensuring that all legal requirements are met and the case is presented effectively.

You should also consider that securities law is a highly technical and specialized area of law with its own set of regulations. An attorney who is well-versed in its rules can help you navigate the legal framework efficiently.

If you also decide to settle your dispute in arbitration, excellent negotiation skills would be crucial so you can secure a favorable settlement.

Contact An Experienced FINRA Arbitration Lawyer Now

Talk to a reputable FINRA arbitration lawyer at Patil Law. Brokerage firms and their attorneys often have significant resources and legal expertise at their disposal, but we can help you level the playing field.

We have access to vast resources and a formidable network of legal and financial experts who can build your case and fight for your interests. You can trust that we’ll stop at nothing to recover your losses and damages.

If you or a loved one needs immediate access to an arbitration expert, call us now at (800) 950-6553 for a free consultation, or send us a message through our secure and confidential online form.