A securities arbitration lawyer assists brokers and investors during disputes. While you can go through arbitration without an attorney, that could be a mistake. First, go over some reasons you should have a lawyer at your side. Then, you can take the next steps to secure legal counsel during the process.
Attorneys help clients before and during the arbitration. This begins by validating the claim and continues with filing the paperwork and selecting arbitrators. Lawyers also assist during discovery and represent clients in front of the panel. Find out how attorneys help during each step.
Arbitration is more affordable than litigation. Still, it is not free. Thus, claimants should consult with a securities arbitration lawyer first to ensure the claim is valid. If it is not valid, claimants can save money by avoiding the process. However, if the party has a valid claim, the attorney can formulate a plan for the arbitration process.
Claimants must file paperwork to initiate the claim, the most crucial document being the Statement of Claim. The document must meet the FINRA guidelines. Also, it must include allegations that the claimant can back up with evidence, along with a request for damages. Since it is complicated, many people hire lawyers to do this for them. Then, the claimants do not have to worry about making mistakes or improperly valuing the claim.
Both sides receive a list of potential arbitrators before the proceedings begin. Then, the sides can strike arbitrators from the list and rank the rest in order of preference. First, a securities arbitration lawyer reviews the claim and the arbitrators. Then, the attorney strikes those less likely to be sensitive to the client’s claim or defense. This puts the client in a better position to have a successful outcome during the arbitration.
Arbitration is similar to a legal trial. Just as with a trial, both parties go through the discovery stage. The parties must provide all requested documents while meeting the timeframe. At the same time, parties do not have to disclose privileged information. This can be quite confusing for those without a legal background. An attorney navigates this for them, so they only disclose what they must while meeting all deadlines.
Parties often feel a great deal of emotion when entering arbitration. One side might feel swindled, while the other feels unfairly targeted. The emotion makes it difficult to provide the case. Fortunately, a securities arbitration lawyer handles cases without emotion. Instead, the attorney focuses on the law. Clients find it easier to meet goals when emotion is not the governing force during the arbitration.
An attorney can help you through every step of the arbitration process, from validating the claim to representing you in front of the panel. Also, all of the communication is confidential so that you can speak freely with your attorney. Contact a lawyer today to discuss your claim. If it is valid, the attorney can help you take the next steps.
Call us at (732) 449-0449 for more information from Anthony J. Cafaro, P.C. or to schedule a consultation in our office in Sea Girt. NOTE: This is for informational purposes only and does not constitute legal advice.
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