The vast majority of disputes between customers and stockbrokers are submitted to binding arbitration before the Financial Industry Regulatory Authority (FINRA). The Alcala Law Firm has handled hundreds of securities arbitration claims between customers and brokerage firms. See our Frequently Asked Questions (FAQ) section for more information about the securities arbitration process.
Some securities disputes are outside of FINRA’s scope of authority. Depending upon the terms of the customer agreement, disputes between customers and Registered Investment Advisors (RIA’s) may mandate arbitration before an organization such as the American Arbitration Association (AAA) or JAMS (formerly known as Judicial Arbitration and Mediation Service).
Unlike arbitration, mediation is a non-binding process whose primary goal is to achieve a settlement using the services of a professional mediator. In most cases, both mediation and arbitration are pursued simultaneously. If all parties voluntarily agree to mediate, a one-day mediation session will be scheduled prior to the arbitration hearing. The Alcala Law Firm has had a very high success rate resolving securities disputes through mediation.
Securities disputes that are not eligible for arbitration before an organization such as FINRA, AAA or JAMS must be pursued in either State of Federal court.
The Alcala Law Firm has assembled a highly qualified team of securities analysts, experts and financial professionals who are dedicated to helping investors in the areas of securities arbitration, mediation and litigation.