ANSWERS TO OUR MOST FREQUENTLY ASKED QUESTIONS
How do I recognize signs of securities fraud or mutual fund fraud?
Dishonest stockbrokers may make an excessive amount of trades, attempts to sway you to purchase securities above your risk level, trade without your permission, misrepresent information, withhold information, avoid your calls, and other questionable activity. If any of the activity on your account seems unjustified or suspect, contact Loss Recovery Center right away. Our professionals will review your brokerage firm documents to identify signs of misconduct.
FINRA and the SEC have hot lines and online services to answer investor questions. Can victimized investors get help from these industry organizations?
They can and do. the SEC and FINRA are extremely helpful in answering questions and distributing information. They provide individual broker and brokerage firm records and materials describing the arbitration process. FINRA also makes a simplified arbitration kit available to investors upon request. Victimized investors often report abuses to these organizations which may lead to disciplinary action. the problem is, neither the SEC or FINRA are collection agencies. What a victimized investor really wants is to get his or her money back. In order to satisfy this objective, a formal claim must be filed in order to begin the process of recovery. Loss Recovery Center and its network of attorneys have filed thousands of claims with FINRA. Contact us to find out if you have a case.
How long does the process take?
From the date you file the arbitration claim to the date a decision is rendered, it could take about 12 to 18 months depending upon the case backlog of FINRA at any given time.