Securities Arbitration

New York Securities Lawyers

Securities ArbitrationLaw Offices of Thomas L. Gallivan, PLLC represents clients who have been harmed financially after relying on financial/investment advice from either a stock broker, financial advisor, brokerage house or some other investment professional. As per most agreements between the parties (broker and client), disputes will be settled through the Arbitration Process.

Arbitration Process

An arbitration operates outside the traditional Courtroom and is a type of ADR (Alternative Dispute Resolution) and per most contract agreements, FINRA, (the Financial Industry Regulatory Authority) regulates the process. Arbitration tends to be less formal than a traditional courtroom setting and a client isn’t blocked from representing themselves. The two sides agree on a panel of arbitrators and present their arguments and the arbitrator makes a decision that is legally binding. Although the process seems straightforward, do not make the mistake of arbitrating without retaining counsel.

Our Securities Attorneys at the Law Offices of Thomas L. Gallivan, PLLC firmly believe that due to our wealth of experience in the industry provides our clients with the best chance of prevailing. Understanding the infrastructure of the markets enables us to zealously represent our client's interests against the contentions put forth by the attorneys representing the investment firms.

How the Arbitration Process Works

The FINRA governing agency has created a rather straightforward process for filing complaints against brokers whether they are involved with and/or licensed by FINRA, NYSE, (New York Stock Exchange), NASD, (National Association of Securities Dealers) and other regulatory agencies.

How do I File a Claim?

First, the time constraint is that no claim can be submitted later that six (6) years after the event that brought about the filing itself. (Code of Arbitration Rule 12206)

The Uniform Submission Agreement must be executed and states generally that you will abide by the rules of the arbitration process and will be bound by its decision.

In addition, the plaintiff must submit a Statement of Claim, (FINRA 12302) which clearly states the facts, alleges violations of the applicable statutes or security regulations, and quantifies the losses and points blame at the responsible person. The Statement of Claim can not be amended and thus it must be well written, on point, and encompass all of the Plaintiff’s allegations and charges.

Once the Statement of Claim is filed, the Defendant has forty-five days to file their own Uniform Submission Agreement and file their answer, or Statement of Answer.

Contact Us

If you or a family member have been harmed by the acts of an unscrupulous investment professional, please contact us for a free initial consultation.

Client Reviews
Last year I was injured in an accident, and for the first time, needed the advice of an attorney regarding how to proceed. I was referred to Thomas Gallivan through a family member who is a lawyer in Massachusetts. I am beyond pleased with how Thomas handled my case. He was knowledgeable, professional, and although the case was not as straightforward as some, he used every resource to ensure a positive outcome. Thomas communicated with me regularly and I felt completely informed and confident in his ability. He expertly negotiated a fair settlement that I was very happy with. The entire experience was extremely positive, during a stressful time for me. Thank you Thomas. Melanie
My mom was the victim of nursing home neglect/abuse. I retained Tom and he provided great representation in a professional, courteous fashion. He made a very uncomfortable ordeal bearable. I would highly recommend his services to anyone in need of sound guidance and professional representation. Paul D.
Tom Gallivan fought for - and won - a settlement on behalf of my mother, who suffered terrible pressure sores due to nursing home neglect. I will always be grateful for his diligence and hard work, and for keeping me informed during the entire process. He will fight for you every step of the way. Trudy
Mr. Gallivan did an exceptional job representing our family during a nursing home law suit. He took care of every detail and put us at ease during a very emotional trial. I would very highly recommend him and his firm of outstanding professionals. Jane
Mr. Gallivan was the best choice I could have possibly made to represent me in mom's nursing home neglect case. He kept me informed & updated every step of the way & not only listened but acted on all my concerns. I would highly recommend him as a very professional, diligent, & knowledgeable attorney. Steve
Tom Gallivan represented me for a car accident I was involved in. He not only returned calls and emails promptly, his expertise helped me obtain a nice settlement. His compassion for me was heart-warming and much appreciated. Thank you kindly , Mr. Gallivan. Joanne