Explanation:
The response to this query is "maybe." Most brokerage companies include provisions in their contracts with clients limiting investors to arbitration in the event of a dispute. You may be able to sue the broker and/or brokerage firm in civil court if your brokerage documentation lacks such a clause. You may need to file a lawsuit in order to have a chance of getting your money back if you find out that your dishonest broker is not licensed.
Explanation:
Yes, according to FINRA regulations, victims of stock losses must file a complaint with FINRA within six years after the loss in order to comply with the statute of limitations. Depending on the specifics of your case, this period might be extended if you discovered the loss at a later time. You will often no longer be able to bring a FINRA arbitration complaint to recover your losses if a claim is not made before six years have passed. If you think your case is getting close to this deadline, talk to your lawyer as soon as you can.
Explanation:
The Financial Industry Regulatory Authority (FINRA), a private, non-governmental agency, is responsible for developing and enforcing the laws that apply to registered brokers and broker-dealer companies in the US.
Explanation:
Identifying the securities that are at risk is the first stage in making a claim against a broker. Securities come in a variety of forms, including penny stocks and stocks from emerging markets. These investments, as their name implies, are regarded as being extremely dangerous, and the likelihood of loss is typically far greater than the investment's cost.
Explanation:
You can file a complaint with the Financial Industry Regulatory Authority (FINRA) and ask for a hearing if your broker or financial advisor did you wrong and you suffered significant financial losses. If successful, your complaint could lead to compensation for your losses. Stockbrokers are governed by FINRA, an entity within the U.S. Securities and Exchange Commission.
Explanation:
The stock market fluctuates frequently, and when it does, losses are not unusual. Losses resulting from dishonesty, wrongdoing, or carelessness are unacceptable. Contrary to popular belief, financial advisors frequently put their own financial interests ahead of those of their clients.
Explanation:
Over 99% of the time, money is recovered by stock loss attorneys.
