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Disputes frequently arise between investors and their stockbroker. It is best to be proactive if you believe your broker has mismanaged your investments. I have the experience and expertise necessary to protect your investments. Among other positions, I served as a federal prosecutor Special Assistant U. I was also a Senior Attorney with the Enforcement Division of the U. Years ago, I also represented a major brokerage firm as a partner in a large, national law firm. Over the years, I have successfully represented over clients in securities and investment arbitrations.

I have a multi-state securities arbitration practice. I have successfully represented residents of the following states: Maine, Connecticut, New York, New Jersey, Pennsylvania, Maryland, Virginia, Tennessee, North Carolina, South Carolina, Texas, and California.

Essentially all securities broker-dealers stock brokerage firms require clients to sign account-opening documents that contain arbitration clauses. Like with broker-dealers, account-opening documents prepared by investment advisers typically require arbitration for disputes.

Alternatively, specific investment products may be the focus of the dispute. Investors should not allow their brokers to blame them for the decision to sell during precipitous downturns. Generally, investors are simply acting prudently, while the broker is often to blame for the initial decision as to how to invest the funds. Working with me your rights will be protected throughout the arbitration process.

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Call me today if you want to discuss a stockbroker claim or other claim involving your investments. Securities arbitration claims typically involve disputes where a customer or investor alleges that a member firm or registered representative breached a fiduciary duty, made a misrepresentation, was negligent, failed to supervise a securities dealer, breached a contract, or omitted facts.

Nearly all contracts between investors and broker-dealers contain an arbitration clause that requires an investor to arbitrate disputes. Rather, you may be required to arbitrate your claim. Investors must file their arbitration claims within six years from the time the events giving rise to the dispute occurred.

Although FINRA does not require investors to be represented by an attorney in an arbitration, counsel typically represents brokerage firms. For that reason, consulting with and retaining an experienced securities arbitration attorney, like myself, to represent you in a FINRA arbitration is advised. To initiate an arbitration, the investor must also pay the FINRA filing fees, which are based on the amount of the total claim, although it is possible for an investor to obtain a waiver for the filing fees if they can demonstrate financial hardship.

When the Statement of Claim and Submission Agreement have been filed and the filing fees paid, the arbitration process begins. The respondents must file an Answer, any supporting documents, and any counterclaims, cross claims, or third party claims, within 45 days from the date they receive the Statement of Claim.

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The parties select their arbitrators from the list provided to them from FINRA through a process of striking and ranking the arbitrators. After the panel of arbitrators is selected, the parties and the arbitrators confer by telephone for an initial pre-hearing conference to set a schedule for the case.

During this conference, the groups sets deadlines for discovery, motions, briefs and agrees to dates for the arbitration hearing. Before the arbitration hearing, the parties will typically engage in discovery to exchange documents and other information to prepare for the hearing.

FINRA has published a Discovery Guide, which contains a list of documents that are presumptively discoverable. The parties may also request other documents and information that are relevant to the case and that may be in the possession of an opposing or adverse party. If disputes arise during the discovery process, the arbitration panel may hear motions and decide the issue before the arbitration hearing. During the arbitration hearing, each party generally will have an opportunity to present its argument and evidence, including direct and cross-examination of fact and expert witnesses.

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The parties may also submit as exhibits any documents they would like the arbitrators to consider as evidence. Once all parties have presented their evidence, each party typically makes a closing statement summarizing the evidence and arguments for the panel. The arbitrators will issue a written decision within 30 days after the end of the arbitration hearing.

However, if an arbitration award is issued i. I have successfully represented many investors nationwide throughout the securities arbitration process. If you believe you have a claim against your stockbroker or investment broker, contact us to discuss your options.

When our firm takes a securities fraud case, I evaluate the claim from all possible angles. Once I have gathered all of this information, I evaluate the claim to determine whether the broker engaged in wrongful or inappropriate behavior. If so, we will then calculate appropriate damages. I have extensive experience analyzing and valuing complex investment cases.

After I have determined the appropriate damages figure, I will proceed with the securities arbitration process by filing a Statement of Claim and commencing an arbitration. Most often securities arbitration matters are handled on a contingency-fee basis. However, I am open to working out alternative arrangements such as a flat fee with a success fee for certain scenarios such as if the case is dismissed at an early stage of the dispute , or a sliding contingency fee that is reduced if the case settles early.

In general, the overall payment system for any given matter is based on estimates of how much the case is likely to cost in total. Our firm is totally committed to working with our clients to find payment systems that work for both of us. As in all arbitration matters, the client remains responsible for any costs associated with the case evaluation, including the research process the firm undertakes when determining whether it will take the case. These costs may include charges for expert analysis or for copying account statements.

However, we will not incur material expert fees without consultation with the client. Home About My Approach Mark Krudys Practice Areas Testimonials Results In the News Contact Search.

Securities and Stock Broker Fraud Disputes frequently arise between investors and their stockbroker.

Securities Arbitration Securities arbitration claims typically involve disputes where a customer or investor alleges that a member firm or registered representative breached a fiduciary duty, made a misrepresentation, was negligent, failed to supervise a securities dealer, breached a contract, or omitted facts. Financial Fraud Case Preparation When our firm takes a securities fraud case, I evaluate the claim from all possible angles.

Fees and Costs Most often securities arbitration matters are handled on a contingency-fee basis.