Finra attorney

Can a FINRA Attorney Help Me Recover Losses from Investment Fraud?

Feb 3, 2020

You worked hard for the nest egg you have accumulated. Understandably, you want to be extremely careful about who you trust to help you invest those assets. Of course, once you choose a securities broker or securities firm, it is that much more devastating when that firm, or the individual broker, betrays that important trust.   If you are the victim of investment fraud at the hand of an unscrupulous broker, you have options. Yet, it would be wise to get the assistance of an attorney who can help you obtain compensation for the fraud or negligence of your broker or brokerage firm. Typically, in the investment-fraud world, attorneys who help fraud victims are referred to as FINRA attorneys. The reason for that is because most disputes between customers and clients of investment firms are handled via arbitration through the Financial Industry Regulatory Authority, FINRA. The process of working with a FINRA attorney is as follows. In this article, we will talk about the role of FINRA and what a FINRA attorney can do to help you recover your investment losses. If, after reading this blog, you would like to learn a little more about getting a FINRA attorney to help you with your situation, we welcome you to call Attorney Melanie Cherdack.   Former wall street lawyer Melanie Cherdack understands the plight of those who were victims of investment fraud. She has “seen it all” when it comes to the schemes that investment brokers use to defraud their clients. Contact us today on our online contact form, or by calling 888-768-2499. We are the investment fraud lawyers who will level the playing field for you.     What is FINRA? As noted, FINRA stands for the Financial Industry Regulatory Authority. FINRA does precisely what its title suggests – it regulates the financial industry. Specifically, it oversees the 3,726 brokerage firms and the over 600,000 brokers in the country. FINRA is not a government entity. It is a private, not-for-profit organization. Yet, it acts similar to a government agency in its oversight role of financial broker-dealers in the United States.   All member broker-dealers in the United States are subject to FINRA’s rules and regulations. FINRA is important to investors as it is a specific regulatory body dedicated to overseeing the complex securities industry. Rather than having a court of law adjudicate a complex securities matter, the FINRA forum appoints arbitrators who have the necessary securities or business expertise to more easily grasp the legal issues surrounding allegations of investment fraud.   That all means that if a particular broker or broker-dealer engages in conduct that violates FINRA’s rules and that  violation causes investment losses, then you as the investor have a right to file a complaint with FINRA in an effort to get compensation for your losses.   What Can a FINRA Attorney Do to Help You? A FINRA attorney can help you seek an award in your favor for any investment losses that you suffered. The FINRA attorney would, therefore, represent your interests in a FINRA arbitration. The process of working with FINRA attorney is as follows: Begin with a Case Review The first thing […]

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