If you have suffered investment losses as a result of your broker’s investment recommendations, then you may have a claim to recover those losses through Securities Mediation. Galvin Legal, PLLC can help investors recover investment losses anywhere across the nation.
Securities Mediation is a way of resolving securities and employment disputes between and among investors, brokerage firms, and individual brokers, and offers a prompt and inexpensive way of resolving issues. Investors can mediate a claim through FINRA when they have a dispute involving the business activities of a brokerage firm or one if its brokers.
If you want to recover damages, such as money or securities, filing a Securities Mediation case offers you a way to seek damages.
Securities Mediation offers a flexible alternative to Securities Arbitration, and can be initiated at any time before arbitration commences and even during a Securities Arbitration case before it concludes. It is an informal process in which a trained, impartial mediator facilitates negotiations between disputing parties, helping them find a mutually acceptable solution. Both parties in a dispute must agree to Securities Mediation. However, FINRA does not require parties to mediate.
FINRA mediators have subject-matter expertise, so parties can select a mediator who is knowledgeable in the particular securities or business area that is in dispute.
Securities Mediation is a voluntary process, so either party can decide to stop at any time. More than 80 percent result in a settlement, and the process is in most cases significantly faster than Securities Arbitration. And unlike Securities Arbitration, Securities Mediation does not impose a solution. It is not binding until the parties reach and sign a settlement agreement.
Learn more about FINRA’s Securities Mediation process, including how a mediation session works.
The following are some of the typical types of claims that are brought.
- Suitability – Unsuitable Investments
- Investment Fraud – Misrepresentation
- Unauthorized Trading
- Diversification
- Churning
- Excessive Use of Margin
- Selling Away
See the Resources section for information on Common Investment Types.
