The document outlines the FINRA arbitration process, which is designed for resolving disputes between securities broker-dealers and their clients outside of court. It emphasizes the private, expedited nature of arbitration, typically concluding within 12-18 months and resulting in non-appealable awards. Additionally, it includes disclaimers and encourages potential clients to seek a case evaluation, clarifying that the information provided does not constitute legal advice.

1. Frequently Asked Questions
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2.  FINRA stands for “Financial Industry Regulatory
Authority.” It is a nationwide organization that regulates
securities broker-dealer firms and their stockbrokers. It
has enacted a substantial body of rules and regulations
that govern the conduct of broker-dealer firms and
stockbrokers in the course of their securities
business. When stockbrokers and their employers sell
securities or make investment recommendations to the
public, they must abide by those conduct rules.
 FINRA functions under the auspices of the United States
Securities and Exchange Commission. Securities broker-dealer
firms and their stockbrokers are required to
arbitrate disputes with their customers in the arbitral
tribunals organized by FINRA, rather than in a court of law.
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3.  FINRA arbitration is an arbitration process that takes place
before panels of three arbitrators, organized by FINRA and
in accordance with the FINRA Code of
Arbitration. Arbitration in general is an alternative dispute
resolution process. It is an alternative to state or federal
court litigation.
 FINRA arbitrations are private (not open to the public) and
are generally faster and less expensive than a lawsuit in
state or federal court. The FINRA arbitration process has
some similarities to a typical lawsuit in state or federal
court: it starts with a “Statement of Claim” filed by the
parties seeking relief (compensation) and an “Answer” filed
by the party that was “sued.”
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4.  The parties then participate to the arbitrator selection
process, subsequently schedule the hearing and other
important deadlines in the case, and thereafter engage in
the discovery process. The discovery process is much
simplified compared to that in state or federal
court. Among other things, it does not allow depositions.
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5.  The evidentiary hearing typically takes place between 12-
18 months from the date of the filing of the Statement of
Claim, though such terms may vary. At the hearing, a
panel comprised of three professionals is presented with
the evidence and hears the parties’ arguments. Typically
within 30 days after the hearing, the panel issues an
“Award” (decision). The FINRA arbitration awards are,
with some exceptions, non-appealable.
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6.  In certain types of matters, such as Ponzi schemes or
investment fraud, where investors are victimized by
the same stockbroker or broker-dealer firm, we often
include multiple investors in the same FINRA
arbitration proceeding. We do that when we
determine that they are similarly situated in the
material respects, meaning that their relevant
investment circumstances and their claims are similar.
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7.  Investors may call (888-998-0520) or email us
for a free evaluation of their case.
 You can learn more about FINRA arbitration
by visiting our website
www.securitieslitigators.com
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8. Alan L. Rosca
Leader Building, Ste. 1255
526 Superior Avenue
Cleveland, OH 44114
Phone: 888-998-0520
arosca@prwlegal.com
www.securitieslitigators.c
om/alan-l-rosca
Joseph C. Peiffer
201 St. Charles Avenue
Suite 4610
New Orleans, LA 70170
Phone: 504-586-5259
jpeiffer@prwlegal.com
www.securitieslitigators.c
om/joseph-c-peiffer
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9. Important Disclosures
This disclaimer contains important information about this presentation. Please read it carefully.
This presentation has general information about FINRA arbitration process and our firm, but
it is not legal advice. We are not offering to provide you with legal representation through this
presentation. Neither your use of this presentation, nor any e-mail you send to us, will create an
attorney-client relationship with us. Such a relationship can be formed only through a personal
conversation between you and one of our lawyers, after a thorough screening for potential conflicts
that we might have. You should not take any action or decline to take any action concerning a legal
matter based upon the information in this presentation without first obtaining the advice of a lawyer.
Do not send us any information or materials you consider to be confidential without first
obtaining a statement from us in writing that we represent you, and the authorization by one of our
lawyers to send us the information. We will not treat any information you send us without that written
statement and authorization as confidential.
Attorney Joe Peiffer’s office is in New Orleans. He is licensed to practice law in Louisiana.
Alan Rosca's office is in Cleveland. He is licensed to practice law in Ohio. We handle financial fraud
cases in most states. However, our firm's lawyers are not admitted to practice law in every state. In
those jurisdictions in which we are not admitted to practice, we will associate with local co-counsel to
assist with the matter, at no additional cost to our clients, whenever permitted or required by the
respective jurisdiction. We are not certified or recognized as specialists or experts in any area of law.
The descriptions of our lawyers` and our firm's areas of practice do not state or imply that
our lawyers hold certifications or are specialists or experts in any particular areas of law.
In cases in which we associate with local co-counsel, we will typically act as primary counsel.
Occasionally, it is possible that our co-counsel will take the leading role. Whenever that is the case, we
will obtain the client's advance, written permission.
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