Securities Lawyer FAQ 2017-03-23T18:28:51+00:00

Securities Law FAQs

Soreide Law Group takes cases involving stock broker or financial advisor fraud/negligence

FAQ Regarding Hiring a Securities Lawyer

First you need to decide if your loss is attributable to a “Market Loss” (same decline as the general market percentage) or is something greater. Suitability is also important as a deciding factor because a retiree, for example, should not be in risky investments. Failing to limit losses and excessive trading is also something that could lead to broker liability. You may have a case based on misrepresentations and excessive leverage. There are many more ways you could have a claim besides what is mentioned here. If you have any questions please feel free to call Lars Soreide to discuss your case.
Choose one based on reputation, experience, past awards, responsiveness, and trust to start. If you have any questions for Lars Soreide, Esq. he can discuss similar cases to yours and what he has done to induce settlements and awards.
There is no fee if no recovery at Soreide Law Group. There are nominal forum fees for FINRA depending on your loss. There may also be nominal travel expenses which come out of the settlement/award. If you have any concerns about fees please discuss it with us.
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s mission is to protect America’s investors by making sure the securities industry operates fairly and honestly. All told, FINRA oversees about 4,400 brokerage firms, about 162,930 branch offices and approximately 630,020 registered securities representatives.
Filing a claim with FINRA is easy with Soreide Law Group, please contact us at your convenience.
The hearing location is typically at the FINRA hearing location nearest to where the investor lived at the time of the investment but can be changed if agreed upon by all parties.
No, we will travel the hearing location that FINRA assigns. The vast majority of our clients are out of state. We allow the opportunity to call, email, fax, video chat and share files electronically, in addition to traditional mail so it makes no difference where our main office is located. Our goal is to make it easy for you.
The Financial Industry Regulatory Authority or “FINRA” is the binding dispute resolution forum that all securities disputes against brokers and brokerage firms are submitted. These arbitration are decided by a panel made up of typically 3 arbitrators who are knowledgeable in the area of securities laws and regulation. The U.S. Supreme Court decision, Shearson v. MacMahon, 482 U.S. 220 (1987) enforced mandatory binding arbitration clauses in the securities industry. One of the most important legal aspects of arbitration is that arbitration awards are final and binding, subject to review by a court only on a very limited basis. FINRA used to be formerly known as the National Association of Securities Dealers or the “NASD”.

Arbitrations start by filing a statement of claim with FINRA’s headquarters, together with a submission agreement and the required fees. Prior to filing the Statement of Claim, in most cases we will have an initial damage analysis performed by a forensic accountant. Depending on the nature of the case a damage analysis may not be necessary.
We accept cases on a contingency fee basis meaning we do not get paid for our time we only get paid in the event of a recovery.
We represent all Florida licensed professionals before the Department of Business and Professional Regulation, Department of Health, Florida Department of Banking and Finance now the Florida Office of Financial Regulation and attorneys and attorney applicants before the Florida Board of Bar Examiners and the Florida Bar Grievance Committee.