How much does it cost to bring a securities arbitration claim?

The cost of bringing a securities arbitration claim varies, depending on the circumstances. Generally, it costs a minimum filing fee for each claim that is $125 in Florida. Additionally, you may be responsible for other fees such as a hearing fee, administrative fees, et cetera. You may also be responsible for paying your opponent’s expenses associated with the claim, such as expert witness fees and other related costs. It is important to discuss the costs associated with the arbitration process with your attorney prior to filing a claim. Your attorney can help you understand all of the costs associated with the process and advise you on how best to proceed. In some cases, the company with whom you have a dispute may be required to pay all or part of the costs, but these requirements vary by state. It is also important to remember that a fee will need to be paid to the arbitrator who is presiding over the claim. This fee is usually set by the arbitration organization, such as the Financial Industry Regulatory Authority (FINRA) in Florida. FINRA’s fee is usually set at $1,000 per hour for each hearing, which is typically split between the parties involved in the dispute. Overall, the costs associated with bringing a securities arbitration claim can range from a few hundred dollars to tens of thousands of dollars, depending on the complexity of the dispute and the length of the arbitration process. It is important to discuss the costs with your attorney prior to initiating a claim.

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