What are the timelines for filing a securities arbitration claim?
The timelines for filing a securities arbitration claim in Texas vary depending on the type of claim being filed. For claims involving transactions involving stocks, bonds, or other securities, the claim must be initiated within two years of when the investor discovered or should have discovered the disputed transaction occurred. If the claim involves the sale or purchase of an investment property, the claim must be filed within one year of the date of sale, or two years from when the investor discovered or should have discovered the disputed transaction occurred, whichever is earlier. If the claim involves other types of disputed transactions, such as fraud or misrepresentation, the claimant must initiate a claim within six years of when the incident occurred. In all these claims, it is important to note that most arbitration agreements include language that requires the parties to resolve disputes before they can go to court. If the arbitration agreement includes a separate clause that establishes an earlier deadline for initiating a claim, then the shorter deadline will apply. Generally, it is always best to file a claim as soon as possible. If the claimant waits too long, the claims may be barred due to the passage of time. To ensure the rights are protected, it is best to contact an experienced securities arbitration attorney to review the claim and determine the filing deadline.
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