What is FINRA arbitration?

FINRA arbitration is a method of resolving disputes between investors and brokerage firms or financial advisors outside the court system. It involves a neutral third party, an arbitrator, who reviews the case and makes a binding decision.

Why choose arbitration over litigation?

Arbitration is typically faster, less formal, and more cost-effective than litigation. It also provides a final resolution to disputes, with limited grounds for appeal. Most relationships with financial advisors are formalized by entering into a contract which contains a dispute resolution clause. Nationally, most dispute resolution clauses provide for FINRA arbitration.

Who can file a FINRA arbitration claim?

Investors, brokerage firms, and financial advisors can file a FINRA arbitration claim if they have a dispute related to securities or investment activities. FINRA arbitration is normally the forum for disputes among registered persons, brokerage firms and the public customer clients of the firms.

How do I start the FINRA arbitration process?

To start the arbitration process, Bakhtiari & Harrison will file a Statement of Claim with FINRA, detailing the nature of the dispute, the parties involved, and the relief sought.

What is a Statement of Claim?

A Statement of Claim is a written document submitted by the claimant outlining the facts of the dispute, legal claims, and the desired outcome.

What happens after filing the Statement of Claim?

After filing, the respondent has 45 days to answer the Statement of Claim. The answer must address the claims and may include counterclaims or other relief sought.

What fees are involved in FINRA arbitration?

Fees include filing fees, hearing session fees, and possibly member surcharges or process fees, depending on the specifics of the case.

Can I represent myself in FINRA arbitration?

Yes, you can represent yourself, but many choose to hire an attorney with experience in securities arbitration due to the complexity of the process. Investors and industry professionals who choose to represent themselves do so at a substantial disadvantage, Wall Street firms typically retain experienced professional counsel to represent their interests.

How are arbitrators selected?

Arbitrators are selected through the Neutral List Selection System (NLSS), which provides a list of potential arbitrators. Both parties rank and strike names to agree on a panel.

What qualifications do FINRA arbitrators have?

FINRA arbitrators include attorneys, accountants, financial professionals, and public members who have undergone training and meet FINRA’s qualification standards.

How long does the arbitration process take?

The process typically takes 12-18 months from filing to the final award, but this can vary based on case complexity and scheduling. Preference may be given to investors that are seriously ill or elderly.

What is a prehearing conference?

A prehearing conference is a meeting between the parties and the arbitrators to discuss procedural issues, set a schedule, and address preliminary matters including final FINRA arbitration hearing dates.

What is discovery in arbitration?

Discovery is the exchange of documents and information between the parties to prepare for the hearing. It is more limited than in litigation.

What happens during the arbitration hearing?

During the hearing, both sides present evidence, call witnesses, and make arguments. The arbitrators then deliberate and render a decision.

Is the arbitration hearing open to the public?

No, arbitration hearings are private and confidential. Only the parties, their representatives, and the arbitrators may attend.

Can I settle my case before the hearing?

Yes, parties can settle at any time before the arbitrators render a decision, often through negotiation or mediation.

What is mediation in the context of FINRA arbitration?

Mediation is a voluntary process where a neutral mediator helps the parties negotiate a settlement. It is separate from arbitration and non-binding.

What happens if I lose in arbitration?

If you lose, the arbitrator’s decision is final and binding. There are limited grounds for challenging the award in court.

Can I appeal an arbitration decision?

Generally, you cannot appeal an arbitration decision. However, you can seek to vacate the award on very narrow grounds, such as arbitrator misconduct.

What types of disputes are resolved through FINRA arbitration?

Disputes include claims of fraud, breach of fiduciary duty, negligence, breach of contract, and other issues related to securities and investments.

How are damages determined in arbitration?

Damages are determined based on the evidence presented, including financial records, expert testimony, and the specifics of the case.

Can arbitrators award attorney’s fees?

Arbitrators can award attorney’s fees if provided for by law, contract, or if both parties request it.

How do I enforce an arbitration award?

An arbitration award can be enforced in court through a confirmation process, making it a judgment that can be collected.

What is expungement in FINRA arbitration?

Expungement is the process of removing information from a broker’s record on the Central Registration Depository (CRD) system. It is only granted under specific conditions.

What are the grounds for vacating an arbitration award?

Grounds for vacating an award include arbitrator bias, fraud, corruption, or misconduct, as well as exceeding their powers.

Are arbitration awards public?

Yes, arbitration awards are published on FINRA’s website, providing transparency and access to past decisions.

What is the role of the Office of Dispute Resolution?

The Office of Dispute Resolution administers arbitration and mediation cases, ensuring that the process runs smoothly and efficiently.

What is a Simplified Arbitration?

Simplified Arbitration is for cases involving claims of $50,000 or less, allowing for a quicker and less expensive resolution without a hearing.

Can I request an expedited hearing?

Yes, in certain circumstances, such as elderly or seriously ill parties, you can request an expedited hearing.

What is the role of an arbitrator?

An arbitrator acts as a neutral decision-maker, reviewing evidence, hearing testimony, and issuing a binding decision on the dispute.

How do I prepare for an arbitration hearing?

Preparation involves gathering evidence, preparing witnesses, and developing a clear case strategy to present to the arbitrators.

What types of evidence are admissible in arbitration?

Evidence can include documents, emails, financial records, expert reports, and witness testimony, subject to the arbitrators’ discretion.

Can I request documents from the other party?

Yes, through the discovery process, you can request relevant documents and information from the other party to support your case.

How does FINRA handle conflicts of interest with arbitrators?

FINRA requires arbitrators to disclose any potential conflicts of interest, and parties can object to arbitrators they believe are biased.

What happens if a party does not comply with discovery?

If a party does not comply, the other party can file a motion to compel, asking the arbitrators to order compliance and possibly impose sanctions.

What is a motion in arbitration?

A motion is a formal request for the arbitrators to make a ruling on a specific issue, such as compelling discovery or dismissing a claim.

Can I request interim relief in arbitration?

Yes, you can request interim relief, such as temporary restraining orders or injunctions, to preserve the status quo pending the final decision.

How are hearing locations determined?

Hearing locations are typically determined by the location of the claimant unless both parties agree to a different venue.

What is a telephonic or virtual hearing?

Telephonic or virtual hearings are conducted via phone or video conference, allowing parties to participate remotely.

How are arbitration awards paid?

Awards are typically paid by the losing party within 30 days of the decision, unless otherwise specified by the arbitrators.

What if the losing party does not pay the award?

If the losing party does not pay, you can seek enforcement through the courts, turning the award into a legally enforceable judgment.

Are there any limits on the types of claims I can bring in arbitration?

FINRA arbitration covers a broad range of claims related to securities, but there are some statutory and regulatory limits on certain types of claims.

Can I bring a class action in FINRA arbitration?

No, class actions are not permitted in FINRA arbitration. However, you can join other claimants in a single arbitration if the claims are similar.

What is the role of expert witnesses in arbitration?

Expert witnesses can provide specialized knowledge and opinions to help explain complex financial issues to the arbitrators.

How are hearing dates scheduled?

Hearing dates are scheduled based on availability of the parties and arbitrators, with consideration for the complexity of the case.

Can I request a different arbitrator if I believe one is biased?

Yes, you can challenge an arbitrator if you believe they have a conflict of interest or bias that affects their impartiality.

What is a “chairperson” in a FINRA arbitration panel?

The chairperson is the lead arbitrator who manages the procedural aspects of the case and ensures the hearing runs smoothly.

How does FINRA ensure fairness in arbitration?

FINRA has rules and procedures in place to ensure a fair and impartial process, including arbitrator training and disclosure requirements.

How do I learn more about the FINRA arbitration process?

For more information, you can visit FINRA’s website, contact their Office of Dispute Resolution, or consult with experienced attorneys like those at Bakhtiari & Harrison.

How can Bakhtiari & Harrison help with FINRA arbitration?

Bakhtiari & Harrison can assist with filing claims, responding, selecting arbitrators, discovery, hearings, and ensuring the best possible outcome through skilled representation and strategic advice.

Why Do High Net Worth Individuals Choose Bakhtiari & Harrison?

Bakhtiari & Harrison is a premiere nationwide securities law firm representing high net-worth individuals due to mismanagement of their investment portfolios. This firm represents athletes, actors, wealthy professionals, entrepreneurs, and financial advisors. Their main office is in Beverly Hills, California, and they have built a strong reputation for being reliable and trustworthy.

Mission and Values
The mission of Bakhtiari & Harrison is to provide top-notch legal representation and to recover their clients’ investments. They value honesty, integrity, and excellence in their work. Their goal is to ensure their clients feel secure and confident in their financial decisions.

Bakhtiari & Harrison prides itself on establishing and aligning realistic expectations with clients from the inception of the attorney-client relationship. This arrangement sets the stage for a productive and harmonious working relationship. Here’s why it’s important:

Building Trust and Confidence

When a lawyer and client understand each other’s expectations, it builds trust. The client feels more confident in the lawyer’s abilities, and the lawyer can perform their duties more effectively. Trust is the foundation of any strong relationship, and in legal matters, it’s essential for cooperation and openness.

Clear Communication

Having the same expectations from the start ensures clear communication. Both parties know what to expect, how often they will communicate, and the preferred methods of communication. This reduces misunderstandings and ensures that important information is shared promptly and accurately.

Defining Roles and Responsibilities

Clear expectations help define the roles and responsibilities of both the lawyer and the client. The client understands what they need to provide, such as documents or information, and the lawyer knows what actions they need to take. This clarity helps prevent confusion and ensures that both parties are on the same page.

Setting Realistic Goals

By discussing and agreeing on expectations, both the lawyer and the client can set realistic goals. The lawyer can explain what is achievable based on the law and the specifics of the case, and the client can adjust their expectations accordingly. This prevents disappointment and frustration later on.

Managing Costs and Time

When expectations are aligned, it’s easier to manage costs and time. The client has a clear understanding of the legal fees, billing practices, and the time frame for resolving their issue. This transparency helps in budgeting and planning, and it also ensures that the client is aware of any additional costs that might arise.

Enhancing Cooperation

A good attorney-client relationship requires cooperation from both sides. When expectations are clear, the client is more likely to cooperate and provide the necessary support and information. The lawyer, in turn, can work more efficiently, knowing they have the client’s full cooperation.

Improving Case Outcomes

Ultimately, having the same expectations improves the chances of a successful case outcome. The lawyer can develop a more effective strategy when they have all the necessary information and support from the client. The client, knowing what to expect, can better prepare and make informed decisions.

How to Ensure Aligned Expectations

Initial Consultation During the initial consultation, the lawyer should explain their approach, the legal process, and what the client can expect. This is the time for the client to ask questions and express their concerns.
Written Agreement A written agreement, or engagement letter, should outline the terms of the relationship, including fees, scope of work, and communication practices. This document serves as a reference for both parties throughout the relationship.
Regular Updates Regular updates and check-ins help ensure that both parties remain aligned as the case progresses. The lawyer should keep the client informed about any developments, and the client should feel free to ask for updates if needed.
Open Communication Encouraging open communication is key. Both the lawyer and the client should feel comfortable discussing any changes in expectations or concerns that arise.

Team and Expertise The team at Bakhtiari & Harrison is made up of experts in securities law. They have a deep understanding of the financial industry and are skilled in handling complex legal issues. The firm prides itself on having experienced lawyers who are dedicated to their clients’ success.

Clientele and Track Record Bakhtiari & Harrison has a proven track record of helping high net worth individuals protect and grow their assets. They have worked with many satisfied clients who have seen positive results from their services. Their clientele includes professionals, business owners, and investors who trust the firm’s expertise.

Securities Law Expertise

Definition and Scope of Securities Law Securities law involves rules and regulations that govern financial investments. This law covers various types of securities, including stocks, bonds, and mutual funds. Securities law ensures that investments are fair and transparent for all parties involved.

Types of Securities There are different types of securities, such as equity securities (stocks), debt securities (bonds), and derivative securities (options). Each type of security has its own set of rules and risks.

Regulations and Compliance Securities regulation is important to protect investors from fraud and ensure the integrity of the financial markets. Compliance with these regulations is crucial for companies and individuals who invest in securities.

Litigation and Arbitration If there are disputes related to securities, they can be resolved through litigation or arbitration. Litigation involves taking the case to court, while arbitration is a private process where an arbitrator makes a decision.

Investment Strategies and Advice Bakhtiari & Harrison provides expert advice on investment strategies to help clients make informed decisions. They focus on creating customized plans that suit each client’s unique financial goals.

Why Choose Bakhtiari & Harrison

Proven Track Record One of the main reasons high net worth individuals choose Bakhtiari & Harrison is because of their proven track record. The firm has successfully represented many clients and helped them achieve their financial objectives.

Expertise and Experience The lawyers at Bakhtiari & Harrison are experts in their field. They have years of experience in securities law and understand the complexities of the financial industry. Their knowledge and skills make them a top choice for legal representation.

Client-Focused Approach Bakhtiari & Harrison is known for their client-focused approach. They take the time to understand each client’s needs and provide personalized solutions. This dedication to their clients’ success sets them apart from other law firms.

Customized Solutions The firm offers customized solutions to meet the specific needs of their clients. Whether it’s wealth management, asset protection, or estate planning, Bakhtiari & Harrison tailors their services to ensure the best outcomes.

Confidentiality and Discretion High net worth individuals value their privacy, and Bakhtiari & Harrison understands this. The firm maintains strict confidentiality and handles all matters with the utmost discretion.

Services Offered

Wealth Management Bakhtiari & Harrison provides comprehensive wealth management services to help clients grow and protect their assets. They offer expert advice on investment strategies, risk management, and financial planning.

Asset Protection The firm specializes in asset protection to safeguard clients’ wealth from potential threats. They create strategies to minimize risks and ensure that assets are secure.

Estate Planning Bakhtiari & Harrison helps clients with estate planning to ensure their assets are distributed according to their wishes. They provide guidance on wills, trusts, and other legal tools to manage and transfer wealth.

Corporate and Commercial Law The firm offers legal services in corporate and commercial law, assisting clients with business transactions, mergers, and acquisitions. Their expertise in this area helps clients navigate complex legal issues.

International Transactions Bakhtiari & Harrison also handles international transactions, providing legal support for cross-border investments and business dealings. They ensure compliance with international regulations and protect clients’ interests.

Client Testimonials

Real-Life Success Stories Many clients have shared their success stories after working with Bakhtiari & Harrison. These stories highlight the firm’s ability to achieve positive results and protect their clients’ investments.

Satisfied Clients Client testimonials and reviews demonstrate the high level of satisfaction with the firm’s services. Clients appreciate the expertise, dedication, and personalized approach of Bakhtiari & Harrison.

Testimonials and Reviews Reading testimonials and reviews from other clients can provide insight into the firm’s capabilities and the quality of their services. These reviews often mention the firm’s professionalism, expertise, and successful outcomes.

Client Feedback Feedback from clients is important to Bakhtiari & Harrison. They use this feedback to continually improve their services and ensure that they meet the needs of their clients.

Results and Outcomes The firm is proud of the results and outcomes they have achieved for their clients. Their success in protecting and growing clients’ assets speaks to their expertise and commitment.

Contact Us

Location and Contact Information Bakhtiari & Harrison’s office is conveniently located in California. Clients can contact them through their website or by phone to schedule a consultation.

Free Consultation The firm offers a free consultation to potential clients. This allows individuals to discuss their legal needs and learn more about how Bakhtiari & Harrison can help.

Appointment Scheduling Scheduling an appointment with Bakhtiari & Harrison is easy. Clients can book a consultation online or by calling the office directly.

Online Resources The firm’s website offers a wealth of online resources, including articles, guides, and FAQs about securities law and investment protection.

Social Media Presence Bakhtiari & Harrison is active on social media, sharing updates, insights, and news related to securities law. Following them on social media is a great way to stay informed.

Key Questions

What is securities law? Securities law governs financial investments and ensures fairness and transparency in the financial markets. It includes regulations that protect investors from fraud and misconduct.

What types of securities are covered by this law? Securities law covers various types of securities, including stocks, bonds, mutual funds, and options. Each type of security has specific rules and regulations.

What is the role of a securities lawyer? A securities lawyer helps clients navigate the complex world of financial investments. They provide legal advice, represent clients in disputes, and ensure compliance with regulations.

How do I know if my securities have been violated? If you suspect that your securities have been violated, it’s important to consult with a securities lawyer. They can review your case and determine if there has been any misconduct or fraud.

What are the consequences of violating securities laws? Violating securities laws can lead to serious consequences, including fines, penalties, and legal action. It’s important to follow regulations to avoid these risks.

How can I protect my investments from securities fraud? To protect your investments from securities fraud, work with a reputable law firm like Bakhtiari & Harrison. They can provide expert advice and help you implement strategies to safeguard your assets.

What is insider trading and is it illegal? Insider trading involves buying or selling securities based on non-public information. It is illegal and can result in severe penalties, including fines and imprisonment.

What is the Securities and Exchange Commission (SEC) and what is its role? The SEC is a government agency that regulates the securities industry. Its role is to protect investors, maintain fair and efficient markets, and facilitate capital formation.

What is the difference between civil and criminal securities law cases? Civil securities law cases involve disputes between private parties and may result in financial compensation. Criminal cases involve violations of securities laws and can lead to penalties, fines, and imprisonment.

What is a Ponzi scheme and how can I avoid falling victim to one? A Ponzi scheme is a fraudulent investment scheme that promises high returns with little risk. To avoid falling victim, be cautious of investments that seem too good to be true and consult with a securities lawyer.

What are the requirements for a company to go public? To go public, a company must meet certain requirements, including filing a registration statement with the SEC, providing financial disclosures, and complying with regulations.

What is a prospectus and why is it important in securities offerings? A prospectus is a legal document that provides detailed information about a securities offering. It is important because it helps investors make informed decisions by disclosing key information about the investment.

Can I sue a company for securities fraud even if I did not directly invest in their securities? Yes, you can sue a company for securities fraud even if you did not directly invest in their securities. Consulting with a securities lawyer can help you understand your legal options.

What are the most common defenses used in securities law cases? Common defenses in securities law cases include lack of intent, reliance on expert advice, and compliance with regulations. A securities lawyer can help build a strong defense based on the specifics of the case.

What is securities arbitration and when is it used? Securities arbitration is an alternative to litigation for resolving disputes. It is used when parties prefer a private, faster, and less formal process to settle their disagreements.

By choosing Bakhtiari & Harrison, high net worth individuals can be confident that their investments are in good hands. The firm’s expertise, client-focused approach, and proven track record make them a top choice for securities law representation.

Client Testimonials

Real-Life Success Stories One of the best ways to understand the impact of Bakhtiari & Harrison is through the real-life success stories of their clients. For instance, a wealthy entrepreneur faced a complicated securities fraud case. With the help of Bakhtiari & Harrison, they were able to recover their losses and protect their remaining investments. Stories like these show how the firm’s expertise can make a significant difference.

Satisfied Clients Many high net worth individuals have expressed their satisfaction with Bakhtiari & Harrison’s services. These clients appreciate the firm’s dedication, expertise, and personalized approach. Testimonials often highlight how the firm helped them navigate complex legal issues and achieve favorable outcomes.

Testimonials and Reviews Reading client testimonials and reviews is a great way to gauge the quality of a law firm’s services. Bakhtiari & Harrison has received numerous positive reviews from clients who were pleased with their professionalism, expertise, and results. These reviews often mention the firm’s ability to handle difficult cases and provide effective legal solutions.

Client Feedback Bakhtiari & Harrison values client feedback and uses it to continuously improve their services. By listening to their clients, they can better understand their needs and provide even more effective legal representation. This commitment to client satisfaction is one of the reasons why they are a top choice for high net worth individuals.

Results and Outcomes The ultimate measure of a law firm’s success is the results they achieve for their clients. Bakhtiari & Harrison has a strong track record of achieving positive outcomes in securities law cases. Their clients have recovered losses, protected their investments, and resolved disputes thanks to the firm’s expert legal representation.

Contact Us

Location and Contact Information Bakhtiari & Harrison’s office is located in California, and they are easily accessible to clients. You can find their contact information on their website, making it simple to reach out and schedule a consultation.

Free Consultation The firm offers a free consultation to potential clients. This initial meeting allows individuals to discuss their legal needs and learn more about how Bakhtiari & Harrison can help them. It’s a great opportunity to get expert advice without any obligation.

Appointment Scheduling Scheduling an appointment with Bakhtiari & Harrison is easy. Clients can book a consultation online through the firm’s website or by calling their office directly. This convenience ensures that clients can get the help they need quickly and efficiently.

Online Resources The Bakhtiari & Harrison website offers a wealth of online resources for clients. These include articles, guides, and frequently asked questions about securities law and investment protection. These resources can help clients better understand their legal rights and options.

Social Media Presence Bakhtiari & Harrison is active on social media, sharing updates, insights, and news related to securities law. Following them on platforms like LinkedIn and Twitter is a great way to stay informed about the latest developments and gain valuable insights into the world of securities law.

Key Questions Answered

What is securities law? Securities law is a set of rules and regulations that govern financial investments. These laws ensure fairness and transparency in the financial markets, protecting investors from fraud and misconduct.

What types of securities are covered by this law? Securities law covers various types of investments, including stocks, bonds, mutual funds, and options. Each type of security has its own set of regulations to protect investors and maintain market integrity.

How do I know if my securities have been violated? If you suspect that your securities have been violated, it’s important to consult with a securities lawyer. They can review your case, investigate potential misconduct, and determine if any laws have been broken.

What are the consequences of violating securities laws? Violating securities laws can lead to serious consequences, including fines, penalties, and legal action. It’s essential to comply with these regulations to avoid these risks and protect your investments.

How can I protect my investments from securities fraud? To protect your investments from securities fraud, it’s crucial to work with a reputable law firm like Bakhtiari & Harrison. They can provide expert advice, help you implement protective strategies, and represent you in case of disputes.

What is insider trading and is it illegal? Insider trading involves buying or selling securities based on non-public information. This practice is illegal and can result in severe penalties, including fines and imprisonment. It’s important to follow regulations and avoid any actions that could be considered insider trading.

What is the Securities and Exchange Commission (SEC) and what is its role? The SEC is a government agency responsible for regulating the securities industry. Its role is to protect investors, maintain fair and efficient markets, and facilitate capital formation. The SEC enforces securities laws and ensures compliance with regulations.

What is the difference between civil and criminal securities law cases? Civil securities law cases involve disputes between private parties and may result in financial compensation. Criminal cases, on the other hand, involve violations of securities laws and can lead to penalties, fines, and imprisonment. Both types of cases require expert legal representation to navigate effectively.

What is a Ponzi scheme and how can I avoid falling victim to one? A Ponzi scheme is a fraudulent investment scheme that promises high returns with little risk. To avoid falling victim to a Ponzi scheme, be cautious of investments that seem too good to be true and consult with a securities lawyer for advice.