Are there any deadlines for filing a securities arbitration claim?

Yes, there are deadlines for filing a securities arbitration claim in Texas. Generally, any claim arising from the sale or purchase of securities must be filed within six years of the date of the dispute. However, shorter deadlines may apply depending on the type of dispute. For example, most claims involving fraud or misappropriation must be filed within two years after the claimant discovers or should have discovered the fraud or misappropriation. It is important to remember that the filing of a claim in arbitration does not immediately trigger a hearing. Once the claim is filed, it is frequently several months before a hearing is scheduled due to scheduling difficulties. This delay can result in missing the deadline. Therefore, it is important to file a claim as soon as possible—particularly if it could be subject to a shorter deadline. If the claim is timely filed and accepted, the arbitration hearing usually occurs within one year of the claim filing date. The actual hearing can take anywhere from a few hours to several days, depending on the complexity of the case. In addition to filing deadlines, there are also time limits for when the parties must complete certain steps throughout the arbitration process, including exchanging documents, conducting mediation, and filing motions. These deadlines are generally set forth in the rules of the securities arbitration organization that is handling the case. It is important to read and understand the rules so the parties can comply with the necessary deadlines and avoid any delays in the process.

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