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

The cost to bring a securities arbitration claim in Texas depends on the type of claim and the complexity of the case. Generally, filing a claim in Texas is less expensive than the national average. In Texas, parties must submit a $250 filing fee to the Financial Industry Regulatory Authority (FINRA) when filing a claim. This fee is separate from the attorney’s fees and is non-refundable. In Texas, individuals and businesses filing a claim have the option of filing the claim directly with FINRA or utilizing an attorney for arbitration services. If utilizing an attorney, there will be attorney’s fees. These fees typically depend on the complexity of the case and may vary from lawyer to lawyer. In addition, the attorney may charge a retainer fee ranging anywhere from $2,500 to $5,000. Depending on the nature of the arbitration claim and the complexity of the case, there may be additional costs associated with obtaining documents or even travel expenses associated with attending arbitration hearings. It is important that parties understand the potential costs associated with their claim prior to engaging in arbitration. Overall, the cost of filing a securities arbitration claim in Texas depends on the type of claim and the complexity of the case. Generally, individuals and businesses can expect to incur a filing fee of $250 to FINRA, as well as attorney’s fees, court costs, and other associated costs.

Related FAQs

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

Related FAQs

Related Blog Posts