The arbitration process generally takes a year to a year and a half to complete. While we mediate or settle most of our cases, we always work our hardest to prepare your case for an arbitration hearing.
Loss Recovery Center
- Analyze your documents - 2 weeks
- Draft your (Claimant/s) Statement of Claim - 4 to 12 weeks
- Claimant/s review of a draft of the Statement of Claim – 1 week
- Service of the Statement of Claim to FINRA – 1 week
FINRA
- Statement of Claim received, reviewed, and served to the brokerage firm (Respondent/s) - 2 weeks
- Respondent/s receive, review, and serve the Answer to the Statement of Claim to FINRA – 8 weeks
- Selection of the arbitration hearing Panel – 8 weeks
- Pre-Hearing Conference – 8 weeks
- Exchange of Documents - 24 weeks
At this point, Mediation or Settlement of your claim is possible.
- If mediated or settled, check arrives – 4 weeks
If your claim does not mediate or settle, the timeline continues as follows:
- Arbitration Hearing – 24 to 36 weeks
- Arbitration Panel’s Decision – 4 weeks
- Award check arrives - 4 weeks