Who is eligible to pursue a securities arbitration claim?

In the state of Florida, anyone who has purchased or sold a security, or securities, that was not traded on a national securities exchange can pursue a securities arbitration claim. Additionally, claims can be made by parties that have been affected by any violation of the federal securities laws or any state’s securities laws. In order to pursue a securities arbitration claim in Florida, the person or business must have been a customer of a broker-dealer, an investment advisor, or a brokerage firm registered in the state. When dealing with a broker-dealer, the person must have provided funds, securities, or other property to the broker-dealer, and the broker-dealer must also have conducted business in Florida. Furthermore, the individual or business must have sustained damages or financial losses due to the actions of a broker-dealer, an investment advisor, or a brokerage firm. The individual or business must also show that the damages or losses were due to the broker-dealer’s or investment advisor’s negligent, reckless, or fraudulent acts or omissions. Overall, individuals or businesses that have been negatively affected by the actions of a broker-dealer, an investment advisor, or a brokerage firm in Florida are eligible to pursue a securities arbitration claim.

Related FAQs

Do securities arbitration decisions become public records?
Is there a time limit for filing an appeal of a securities arbitration decision?
What is the relationship between securities arbitration and mediation?
How do I prepare for a securities arbitration hearing?
What is the process for appealing a securities arbitration decision?
Are there any time limits on filing a motion to vacate a securities arbitration award?
Is there a way to expedite the hearing of securities arbitration claims?
Does a securities arbitration panel have the power to award punitive damages?
Is it possible to have a securities arbitration award overturned?
Is the evidence presented in a securities arbitration hearing the same as in court?

Who is eligible to pursue a securities arbitration claim?

Related FAQs

Related Blog Posts