How do I initiate a securities arbitration claim?

The process of initiating a securities arbitration claim in Washington begins with filing a Statement of Claim with the Financial Industry Regulatory Authority (FINRA). This document must be carefully crafted to detail the claim, the type of investment involved, and the losses that have been incurred. In addition, the Statement of Claim must identify any parties that should be named as respondents. After the Statement of Claim is submitted, FINRA will decide whether to accept or reject the claim. If accepted, the parties will receive notification of the arbitration hearing date. At this point, mediation may be used to facilitate a settlement between the parties and avoid the arbitration process. If arbitration proceedings proceed, both parties will present their case in a formal setting before a panel of three arbitrators. The hearing will involve witnesses, testimony, and any other evidence that either party wishes to present. Following the hearing, the arbitrators will make a decision regarding the outcome of the claim. Once the decision has been made, the arbitrators will draft an arbitration award explaining the decision and any awards that have been made. If the awards are not honored by either of the parties, a court of law can be used to enforce the decision of the arbitrators. In Washington, initiating a securities arbitration claim involves a detailed process and can be a lengthy process. It is important to understand the process and be prepared to argue your case effectively during the hearing.

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How do I initiate a securities arbitration claim?

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