FINRA Arbitration Lawyers in Buffalo

FINRA, the acronym for the Financial Industry Regulatory Authority, is the organization that handles securities complaints by consumers and employment disputes involving investors, brokers, brokerage firms, and customers. FINRA resolves these disputes through nonjudicial mediation or arbitration. The organization aims to keep the securities industry’s service and employment practices fair and ethical. 

Our Buffalo FINRA arbitration lawyers at The Glennon Law Firm, P.C. have the know-how and skill to handle complex FINRA disputes. Brokers, brokerage firms, investors, investment advisors, and Associated Persons have all turned to us for counsel. To discuss your situation with a knowledgeable and highly professional attorney, reach out to our firm today to schedule a consultation. 

Call (585) 294-0303 or contact us online. 

What Is the FINRA Arbitration Process for Consumers?

The process begins when a person or entity files a claim or requests arbitration with FINRA. The authority reviews the claim, then allows parties to select one to three neutral arbiters for the case. The arbiter(s) will examine evidence and often hear testimony from both parties. 

When a dispute concerns more than $100,000, parties must appear at an in-person hearing before three arbiters. Disputes involving lesser amounts may be decided by a single arbiter, and they do not always require hearings. 

After considering the facts of the case, the arbiter(s) will determine how to resolve the dispute. The decision of the arbiter(s) is binding, as the FINRA does not hear appeals. If, however, a party believes that a decision is unfair or illegal, they can challenge it in a court of law. 

The arbitration process can take up to 16 months for cases that include hearings. Generally, arbitration is much quicker and less costly than litigation. 

What Is the FINRA Arbitration Process for Industry Employees?

Employees governed by FINRA typically follow a similar process when they have employment disputes. Very common are disputes over loan agreements with employers, bonus compensation, and related discrimination.

Cases Our Attorneys Handle

With our lawyers’ acumen, you can rely on us to work on your behalf in cases involving industry or customer disputes. We can assist individuals with matters concerning non-compete, non-solicitation, and non-service agreements, as well as other employment-related disputes involving promissory notes and bonus agreements. Additionally, we can represent stockbrokers navigating legal matters, handle cases that deal with forgivable loans for brokers and advisors, and generally be a resource for professionals in the securities industries.

To speak with one of our Buffalo FINRA arbitration lawyers, call (585) 294-0303.