Is Your Broker the Greatest Risk to Your Portfolio?
Investors' Recovery Rate Reached 49% in FINRA Arbitrations
If you have taken the time to read this list, chances are you believe something is not right. If you sustained losses due to any of the above, you might have a claim.
Recent statistics reveal that investors have a much better chance of recovery now than they did in previous years. The Financial Industry Regulatory Authority (FINRA) indicated that the success rate in arbitration is now at 49%, up dramatically from prior years, when winning cases was only around 35%. Of course, these figures are only reflective of those cases actually taken to arbitration. Many more cases are settled prior to even going to a hearing on the matter, which is telling about the brokerage industry’s hiring practices and supervisory performance.
Awards have been dramatically increasing year over year, and we expect this trend to continue as long as arbitration panels are presented with stark evidence of broker fraud and the industry’s failure to properly supervise rogue brokers.
Park Street takes a qualitative approach to this practice area. Our Wall Street background affords the firm specific knowledge and skills to know what your broker has been up to with your money. Our legal experience affords you the opportunity to seek recovery of your losses.
As former Wall Street brokers, traders and investment advisors, we review your potential claim before deciding whether you have a case against your broker or the brokerage firm. Remember, your broker represents the firm’s interests, not yours!
If Park Street determines that you have a case, we often will offer to represent you on a contingency fee basis, meaning we only earn our fee if we recover your money. There is no cost for an initial consultation; so, if that little voice in your head is telling you that something is not right with your investment account and you lost more than $50,000, then contact Park Street today.
Call us today at 248-733-4502 or contact us below.
Click on the below links to review possible claims you may pursue to recover your losses.
Conflict of Interest
Breach of Fiduciary Duty
High Risk or Unsuitable Investments