When you have a FINRA arbitration case, it can be confusing if you are not familiar with the process. Since arbitration differs from a traditional court hearing, you need an attorney on your side who not only understands the FINRA arbitration process, but who has also helped clients obtain favorable outcomes. If you have an upcoming FINRA case, here are some ways arbitration can help turn the tide in your favor.
Non-Public and Confidential Hearings
If you find yourself involved in a court hearing, it will almost certainly be a matter of public record. However, an arbitration hearing is far more confidential, with the only information available publicly being that which is posted on the FINRA Arbitration Awards online database.
Greater Power Over Who Hears Your Case
Unlike a court hearing where you may have little control over which judge presides over your case and who sits on a jury, a FINRA arbitration hearing will allow you greater power over who rules on your case. In most situations, a panel of three arbitrators who are deemed to be qualified and neutral will decide the outcome of the hearing. Thus, by working with NYC securities arbitration attorneys at Herskovits PLLC you will have experienced lawyers on your side who are familiar with selecting individuals for this panel.
Less Costly
Unlike court hearings where costs can add up quickly, a FINRA arbitration can cost you far less. Depending upon the total amount of your claim, filing fees can range from as little as $50 for claims of $1,000 or less to more than $2,000 if your claim exceeds $5 million or more.
If you have been the victim of broker negligence and fraud, schedule a consultation with Herskovits PLLC at once. By doing so, you will have NYC securities arbitration attorneys on your side who will protect your legal rights and help you gain the compensation you deserve.