As you may have seen, FINRA has recently launched adds promoting the in roads made by the FINRA regulatory body in regulating the industry. The commercial touts the fact that FINRA suspended hundreds of brokers last year and recouped hundreds of millions of investors dollars. The ads also invite people to visit their new website for more information at www.finraprotects.org.
While FINRA has made in roads in regulating securities fraud on Wall Street, and while FINRA’s regulatory body does play an improtant function in regulating to industry, the reality remains that an investors’ best chance to successfully recover investment losses as a result of their brokerage firm or financial advisor’s negligence is still to file an arbitration claim through FINRA’s arbitration process (as opposed to filing a complant with its regulatory body). While FINRA regulators have the power to suspend brokers and sanction broker-dealers, if an investor wants to recoup their own losses they still need to do so by filing an individual arbitration claim.
If you are considering filing a claim to recoup investment losses, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Ration, Florida.
To learn more about The White Law Group, visit http://www.whitesecuritieslaw.com.