What are the timelines for filing a securities arbitration claim?

The timeline for filing a securities arbitration claim in Washington depends on the type of dispute. In general, when a dispute arises between a customer and a broker-dealer, the customer must file a claim with the Financial Industry Regulatory Authority (FINRA) within six years of the date of the dispute. If the dispute is between two members of FINRA, such as two broker-dealers, the time to file a claim is shorter, only two years from the date of the dispute. If the claim is in federal court, the claim must be filed within the applicable three-year statute of limitations. The FINRA arbitration process usually takes approximately 12 to 18 months, depending on the complexity of the dispute. If a settlement is reached, the customer is awarded the money within days or weeks. If the arbitration hearing does take place, a decision is made in writing within 30 to 60 days after the hearing. In Washington, a customer may also have the option to pursue a claim in state court. State laws may have different statutes of limitations and procedures from federal law, so it’s important to check with an attorney before choosing this option. It is important to be aware of the timelines associated with securities arbitration claims in Washington. Filing a claim too late could mean that the customer is unable to pursue the claim. On the other hand, filing a claim too early might mean that the customer is not fully prepared. A knowledgeable attorney can help a customer navigate the legal process and make sure that the claim is filed correctly and on time.

What are the timelines for filing a securities arbitration claim?

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