What are the timelines for filing a securities arbitration claim?

In West Virginia, the timelines for filing a securities arbitration claim vary depending on the type of claim and the arbitration forum that will be used to resolve the dispute. Generally, individuals who believe that they were victims of securities fraud or other misconduct related to investments must file a claim within two years after the wrongful act took place, or six years after the first injury occurred. In order to initiate a securities arbitration claim, the claim must first be filed with the Financial Industry Regulatory Authority (FINRA). If the claim is accepted, it will be processed by an arbitration panel or a mediator. This process usually takes about 30-45 days, depending on the complexity of the case. Once the claim is filed, the parties must exchange information and prepare for the arbitration hearing within 60 days. Both parties will present their arguments to the arbitrator who will then render a decision. This process usually takes around 90 days. In addition to filing the claim within the required time periods, individuals should collect as much evidence as possible in order to present a strong case. It is important to seek legal advice in order to ensure that all regulations and procedures are followed properly. By understanding the timelines for filing a securities arbitration claim, individuals can protect their rights and seek justice in cases of financial misconduct.

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