Who is eligible to pursue a securities arbitration claim?

In Tennessee, individuals who have been involved in a dispute related to the sale, purchase, or trading of a security can pursue a securities arbitration claim. To qualify, the security must have been bought, sold, recommended, or traded in Tennessee or by someone in Tennessee, or the dispute must have arisen in Tennessee. Generally, any person or business that has suffered harm as a result of a violation of the securities laws by a broker-dealer or other financial professional is eligible to pursue a securities arbitration claim. This includes investors, financial advisors, brokers, and other related entities. Additionally, customers who purchased certain types of annuities may be able to pursue claims against their insurance provider. These types of claims are typically processed by the Tennessee Department of Commerce and Insurance. Finally, businesses often use securities arbitration when seeking to resolve a dispute between two corporate entities. In these cases, disputing parties submit their claims and evidence to the Tennessee Securities Arbitration Administrator and then a panel of arbitrators appointed by the Tennessee Department of Commerce and Insurance hear the case, decide the outcome, and render a binding arbitration award. Ultimately, anyone with a dispute related to the sale, purchase, or trading of a security in Tennessee can pursue a securities arbitration claim. The process, however, varies depending on the type of claim and who is involved.

Related FAQs

Who is eligible to pursue a securities arbitration claim?
What happens if a party fails to comply with a securities arbitration award?
Are there any time limits on filing a motion to vacate a securities arbitration award?
Is there a difference between a tentative and a final award in a securities arbitration proceeding?
What should I consider before deciding to pursue a securities arbitration claim?
How does securities arbitration law protect investors?
What is the process of enforcing a securities arbitration award?
What are the consequences of a securities arbitration hearing not being held?
How does FINRA investigate and adjudicate disputes?
Are there any special rules concerning attorney fees in securities arbitration?

Who is eligible to pursue a securities arbitration claim?

Related FAQs

Related Blog Posts