Do victims of securities fraud have the right to a jury trial?

In Tennessee, victims of securities fraud do not have a right to a jury trial. Securities arbitration cases in the state are handled through an administrative body called the Financial Industry Regulatory Authority (FINRA). This body is not part of the judicial system and does not provide the right to a jury trial. FINRA is funded by the securities industry and is primarily focused on investor protection. Residents of Tennessee can file claims with FINRA when they believe they have been the victims of securities fraud or other types of misconduct on the part of a broker or financial advisor. Once the claim is filed, it will be assigned to a FINRA arbitration panel for adjudication. The panel typically consists of three individuals: an attorney, a public representative, and an industry representative. This panel then hears evidence from both sides and decides on the outcome of the case. FINRA arbitration proceedings are designed to be much faster and less expensive than jury trials. In addition, they offer greater privacy than a public trial. However, it is important to note that arbitration decisions are not always as favorable to the investor as they might be in a jury trial.

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Do victims of securities fraud have the right to a jury trial?

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