Are there any deadlines for filing a securities arbitration claim?
Yes, there are deadlines for filing a securities arbitration claim in North Carolina. Generally, you must file a securities arbitration claim within six years of when you became aware of the issue or three years after the act or event giving rise to the claim occurred, whichever is earlier. If you are filing a claim against a broker-dealer, the filing deadline is known as a “statute of repose”. According to the North Carolina Securities Act, the statute of repose states that a claim must be filed no later than three years after the date of the act or event that gave rise to the claim. Also, if you are filing a claim against any other securities-related defendant, the filing deadline is known as a “statute of limitations”. According to the North Carolina Securities Act, the statute of limitations states that a claim must be filed no later than six years after the date of discovery of the act or event that gave rise to the claim. It is important to be aware of these deadlines since missing the filing deadlines may cause you to lose your right to file a claim in arbitration. Therefore, it is important to act as soon as you are aware of an issue with a security. It is recommended that you consult an attorney immediately after discovering any issue with a security as they can guide you through the process and ensure your filing deadlines are met.
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