Who is eligible to pursue a securities arbitration claim?

Securities arbitration claims can be filed by individuals or corporations who believe they have been wronged in regards to securities transactions or brokers or dealers of securities. In order to pursue a claim in Texas, the claimant must have been a resident of Texas at the time of the transaction in question. Additionally, the claim must be filed within 6 years of the event or the date it was discovered. To be eligible to file a claim in Texas, the claimant must provide proof of losses and provide a significant enough financial interest in the dispute. The claimant must also prove that the arbitration is a direct result of the actions of the security company or broker/dealer in question. The claim must be for more than $100,000 for an individual to file, or for entities the claim must offer proof of losses over $200,000. Finally, the claimant must have the ability to provide evidence and witnesses to support their claim in order to file a claim in Texas. This evidence must be able to clearly demonstrate that the actionable conduct of the security company or broker/dealer in question was the direct cause of the damages suffered. If the claimant meets all of these requirements, they may be able to pursue a claim in Texas.

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