SECURITIES ARBITRATION Below are some frequently asked questions concerning securities arbitration. What is a predispute arbitration clause? The new account agreements you signed with your broker and brokerage firm typically contain a predispute arbitration clause which provides that any disputes between the parties will resolved in arbitration as opposed to a court of law. Although there are many critics of the arbitration process, arbitration is typically cheaper and faster than going to court with most cases resolved within nine (9) to thirteen (13) months from the date of filing. Where are the arbitration proceeding(s) held? FINRA policy provides that most arbitration hearings be held in location closest to the customer at the time the dispute arose. Usually this means that hearings will be held in the closest major city to your home. How much does it cost? Customers seeking to pursue claims in arbitration against their financial professionals typically incur the following costs: filing fees (averaging approximately $1200), arbitration forum fees, copy costs, express mail fees, legal research fees, travel costs and if necessary expert witness fees. What are my attorneys' fees? Most securities cases are handled on a contingent (percentage) fee basis. Clients however are expected to pay the costs associated with the pursuit of their case.

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