Experts can offer their opinions on a variety of issues such as the management of an account and calculation of profits.
Experts can also provide necessary information to support claims made by either a claimant or respondent. The decision to hire an expert depends on a number of factors including:
There are several alternatives for helping investors resolve a dispute with a securities firm, a financial services professional, or another business. Once the decision is made to pursue arbitration a claimant must prepare a Statement of Claim. This document must be filed with the Financial Industry Regulatory Authority (FINRA).
Arbitration hearings are the equivalent of a courtroom trial, but less formal. During hearings, all parties meet to hear the case and to present supporting evidence.
After the panel is appointed, an Initial Prehearing Conference is scheduled.
After the complaining party, or claimant, files a Statement of Claim and pays the required fees, the opposing party, or respondent, is served with the Statement of Claim, and a cover letter explaining the arbitration process and setting a time for reply to the claim.
An arbitration panel consists of either one or three arbitrators. The Financial Industry Regulatory Authority (FINRA) provides that the number of arbitrators shall depend on the amount in controversy. Where the amount of a claim is $50,000 or less, the panel shall consist of one arbit
Securities fraud is the misrepresentation or omission of information to induce investors into trading securities.
Security refers to a broad type of investments with risks that are regulated under securities law. Securities exist in numerous forms including: notes, stocks, treasury stocks, bonds, and certificates of interest or participation in profit sharing agreements.
In formal legal writing, see is a signal indicating that the cited source clearly supports the preceding statement, even though an inference is required to draw the connection. If the statement repeats an idea directly from the source or quotes the source, no signal is used before giving the citation.
In formal legal writing, see also is a signal indicating that the cited source provides additional support for the statement after primary supporting sources have already been cited. Thus, see also citations most appropriately follow sources that have been cited with the see signal or no signal at all.
