Who is eligible to pursue a securities arbitration claim?
In Alaska, anyone who has purchased or sold a security through a broker-dealer, or by a broker-dealer’s representative, is eligible to pursue a securities arbitration claim. This applies to public, private, or over-the-counter securities. A customer is someone who purchased or sold securities for their own account or account of another with the broker-dealer’s assistance. An investor is any person who purchased or sold any securities on behalf of another person. An investor may be eligible to bring a securities arbitration claim if the broker-dealer or its representative provided advice or guidance in the transaction. Additionally, a guarantor, one who has guaranteed performance of the obligations of a party to a security transaction, may be eligible to bring a securities arbitration claim if that guarantor’s performance is at issue. If the guarantor is an individual, the guarantor must have a net worth of at least $500,000, excluding the value of their primary residence. Finally, any shareholder of a corporation may bring a securities arbitration claim if the shareholder’s legal rights are being or have been violated as the result of a securities transaction. This includes shareholders who have been discriminated against or shortchanged in securities transactions. In Alaska, securities arbitration claims are eligible to be brought by customers, investors, guarantors, and shareholders. It is important to understand the specifics of these types of claims and to consult an attorney if you are considering bringing a securities arbitration claim.
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