How long does it take to resolve a securities arbitration claim?
On average, resolving a securities arbitration claim can take 14-18 months in the state of Georgia. This is due to the fact that the process is a complex one, which requires filing a claim with the Financial Industry Regulatory Authority (FINRA). This filing must be done within the first six months of the incident that sparked the claim taking place, in order to maintain a valid claim. Once the claim is filed, then it must go through a number of arbitrators in order to be given a final decision. During the arbitration, both parties are allowed to present their case with evidence in order to be properly judged. After the arbitration is completed, then the decision has to be approved by FINRA before it can be enforced. It is important to note that there are certain cases where the process of resolving a claim can take longer than 14-18 months. This will depend on many factors such as complexity of the claim, the amount of evidence presented, and the decision of the arbitrators. Therefore, it is important to consult with a qualified lawyer in order to understand the timeline that is specific to the claim in question. Overall, the process of resolving a securities arbitration claim in Georgia can take anywhere from 14-18 months on average. However, this timeframe can differ depending on the complexity of the case and the decisions that are made during the arbitration process.
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