Securities Arbitration Attorneys Representing Clients in South Florida and Nationwide
Have you lost your retirement savings due to the actions of a negligent brokerage firm, an unscrupulous stockbroker, or deceptive financial advisor? The securities law attorneys at Dimond Kaplan & Rothstein, P.A. (DKR) hold stockbrokers and brokerage firms accountable for stockbroker misconduct and securities fraud resulting in investment losses.
Contact our New York City, Los Angeles, Miami or West Palm Beach law office to speak with an experienced securities lawyer in a free initial consultation. We represent clients in securities arbitration and securities litigation in Florida and throughout the United States.
Is securities arbitration mandatory, or can you go to court?
In most cases, when you open an account as an investor at a brokerage firm you are required to sign a contract agreeing to binding arbitration as your sole remedy for claims of negligence, fraud, or misconduct.
How does securities arbitration differ from litigation?
Arbitration is similar to a court proceeding in that both involve filing a complaint (or statement of claim) and introducing evidence through the examination of witnesses or documents. In litigation, the proceeding is called a trial and the case is heard by a judge or jury. In arbitration, it is called a final hearing and the case is heard by an arbitrator (or a panel of arbitrators when significant losses are involved). Securities arbitration cases are administered by the Financial Industry Regulatory Authority (FINRA).
Securities arbitration has several benefits over litigation:
- Securities arbitration is private. When you enter into securities arbitration, your financial matters — and the losses you have incurred — will remain private.
- Securities arbitration is also generally faster and less expensive than a court proceeding.
The downside of securities arbitration
Unfortunately, with securities arbitration you give up certain constitutional and procedural rights that you would have had in a trial court. Most significantly, you have a limited right to appeal if you believe the arbitration did not comply with the law or that the facts dictated a different result than you achieved.
Advocating for maximum recovery of your investment losses
If you are required to arbitrate your investment fraud or stockbroker misconduct case, it is your one and only chance to recover your money. The arbitrator's decision is binding, so it is essential to have a lawyer experienced in securities arbitration representing your interests during this process.
DKR has obtained significant recoveries against stockbrokers and brokerage firms who took advantage of clients by engaging in securities fraud or improper conduct, such as:
- Unsuitable investment recommendations and improper asset allocation
- Misrepresentation to shareholders of the risks involved in principal-protected notes and structured products, such as those found in some mutual funds and hedge funds with subprime investments
- Churning and unauthorized trading
- Other stockbroker misconduct
Our experience with securities arbitration cases all over the country can help you reach a satisfactory resolution of your claim through a negotiated settlement, a voluntary mediation, or a final arbitration decision.
If you have been victimized by a negligent or deceptive stockbroker or brokerage firm, speak with an experienced securities arbitration attorney at DKR. Call 888.578.6255 or e-mail us to schedule a free consultation. We represent investors in throughout Southern California, the Greater New York area, South Florida, and throughout the nation.