FAQS: Frequently Asked Questions of Shepherd Smith Edwards & Kantas LTD LLP Law Firm
WHEN ARE BROKERS, ADVISORS OR FIRMS LIABLE FOR LOSSES?
When stockbrokers, other investment advisors or their firms act improperly when handling investors' accounts, orders or funds they can be held liable for resulting losses. Federal and most state's laws prohibit securities fraud. But an investor can also seek claims for other wrongful actions, including breach of promise or contract, breach of fiduciary duty, breach of the duty of good faith and fair dealing, negligence or even incompetence. For more information click here.
CAN I SUE MY INVESTMENT FIRM OR BROKER?
DOES THAT MEAN I COULD LATER TO COURT LATER OR APPEAL?
Unlike "mediation" (a process to attempt to settle disputes), "arbitration" replaces court triasl. But unlike court trials, decisions made in securities arbitration are final and there is no appeal. The only hope of undoing a bad outcome in arbitration is to go to court and attempt to prove the arbitration process was fatally flawed. Those who try to "vacate" arbitration awards almost always fail.