FINRA Arbitrations

Many of our clients are surprised to learn that they have signed away their rights to challenge most aspects of their investments or retirement accounts in court. Rather, in order to open an account at one of the nation’s 5,400-plus broker-dealers, each customer must sign an account agreement requiring them to submit to arbitration administered by the Financial Industry Regulatory Authority (FINRA). Many aspects of FINRA arbitration differ from typical court procedures, including limited discovery (the pretrial sharing of information between parties) and decisions made by arbitrators who may be financial industry insiders (which FINRA calls non-public arbitrators).

Mattson Ricketts attorneys are experienced with the FINRA arbitration system, and can steer your case through the process.

J.L. Spray
Patricia L. Vannoy