Recover Investment Losses Sustained in
Coronavirus (COVID-19) Pandemic
KlaymanToskes has recovered over $170 Million for its clients in FINRA arbitration claims. If you sustained investment losses due to the COVID-19 pandemic and have losses of at least $100,000, KlaymanToskes may be able to help you recover your losses. Contact us today at (888) 997-9956.
The securities industry is governed by rules and regulations to protect investors during historic periods of economic turmoil, from external shocks, such as the Coronavirus (COVID-19) pandemic. The Coronavirus (COVID-19) has no vaccine and has created a global health pandemic.
As a result of the Coronavirus pandemic, the U.S. economy has suffered the largest decline in economic activity, including record jobless claims and decline in economic output during the month of March 2020.
Why Would Investors have a Claim to Recover Investment Losses suffered during the Coronavirus Pandemic?
The securities industry established the Financial Industry Regulatory Authority, known as FINRA which is a dispute resolution process is designed to protect investors from brokerage firms and its financial advisor during periods of economic upheaval from sales practice violations which resulted in investment losses.
What Types of Sales Practice Violations can be attributed to Investment Losses sustained during the Coronavirus Pandemic?
Failure of full-service brokerage firms and its financial advisors to comply with FINRA sales practice rules and regulations may result in a legal cause of action for the recovery of investment losses. Brokerage firms and financial advisor misconduct can be classified according to various types of activities which may result in a legal cause of action against them.
Klayman Toskes Can Help Recover Investment Losses
Klayman Toskes has been dedicated to the protection of investor rights for decades, from the Tech Bubble in 2000 to the Mortgage Crisis in 2008, we can help you recover investment losses during the Coronavirus (COVID-19) pandemic. Klayman Toskes is investigating specific types of sales practice violations which resulted in investment losses suffered during the Coronavirus (COVID-19) pandemic that are related to the following types of misconduct:
How to File a Claim - The Securities Arbitration Process?
The Financial Industry Regulatory Authority (FINRA) governs the relationship. Securities Arbitration is the dispute resolution process between brokerage firms and its financial advisors with investors, resolved by impartial persons, known as arbitrators, who are knowledgeable of the securities issues in controversy. 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. Perhaps most important is the fact that an arbitration Award is final and binding, subject to review by a court only on a very limited basis.
Where Does Arbitration Hearing Occur?
Most arbitrations are administered by FINRA. This institution hires independent arbitrators, usually lawyers or businesspeople, who sit and hear your case and render a decision. They will conduct a hearing. Each side will have a chance to tell its story and there will be cross-examination by attorneys. Most cases are handled in the largest city closest to your home. The trial will occur in an office building and not a courthouse. It could last several days.
How Much Will It Cost?
When you arbitrate there will be a filing fee and deposit based on the size of your claim. The filing fees due to the Financial Industry Regulatory Authority (FINRA) at the time the claim is based on the amount of the claim for damages. The filing fee depends on the amount of the claim for damages. For instance, a securities arbitration claims of $100,000, the filing fee is $975. For securities arbitration claims seeking damages in excess of $1 million, the filing fee is $2,250. After filing the Statement of Claim and engaging in the discovery process with the brokerage firm, it may be necessary to retain an expert in the securities or investment strategies field to testify at a mediation and/or final hearing. These experts charge a retainer and hourly fee. The Our legal fees are set on a contingency fee basis and this fee is not paid unless there is a recovery. No Recovery, No Attorney Fees.