What Is Arbitration?Whether you know it or not, you agreed to submit any dispute with your broker to a binding arbitration panel. Arbitration of broker/dealer disputes has long been used as an alternative to the courts because it is a prompt and inexpensive means of resolving complicated issues. There are certain laws governing the conduct of an arbitration proceeding that must be considered by those planning to use arbitration to resolve the dispute. Most importantly, perhaps, is the fact that an arbitration award is final and binding, subject to review by a court only on a very limited basis. Parties should recognize, too, that in choosing arbitration as a means of resolving a dispute, they generally give up their right to pursue the matter through the courts.
law firm committed to representing individual investors in disputes with their stock-brokers or brokerage houses.
Q: I lost money with a stockbroker. Do I have a claim for recovery?
A: A claim for recovery is based on the wrongful conduct of a broker or a brokerage firm. Sale of unsuitable investments (such as limited partnerships), churning, unauthorized trading and misrepresentation are but a few of the acts upon which recovery can be based. Q: I trust my broker, why would he/she do that to me?
A: A broker makes money by buying and selling a product. Their product is investments. Higher commissions often come with riskier investments and of course, the more activity the higher the commissions. This system naturally leads to abuses by some brokers.
Q: Why do I need an attorney? The issues involved are factual, not legal, right?
A: Wrong. Although the vast majority of cases are handled through arbitration, every step of the process involves legal disputes concerning admissibility of evidence, privilege and the statute of limitations. Clearly representation by a skilled trial attorney is a must to establish a level playing field.
Q: I want action FAST! Will I be able to get in touch with my attorney?
A: Brewer and Carlson is a firm that prides itself on its representation of the individual investor. Our client base comes largely from the referrals of other satisfied clients. Your questions are important to us and we will always give you the time and attention you deserve.
Q: I feel like a fool. Shouldn't I have known better?
A: Brewer and Carlson represent clients of all ages, with varying degrees of education and experience. All of them have something in common - their money was wrongfully taken.
Q: What are the fees for an attorney's evaluation of my claim?
A: ABSOLUTELY NOTHING! Our initial evaluation is free. Never feel embarrassed or foolish to ask a question. We are more than happy to respond.