While arbitration is, generally speaking, less time consuming than a jury trial, it can still take a considerable amount of time from start to finish. To help expedite the arbitration process, FINRA offers a simplified arbitration procedure. Simplified arbitrations are for cases where the damages, not including interest and expenses, are less than $50,000.00. In simplified arbitrations, there is no hearing. Instead, one arbitrator decides the case based on the pleadings, the discovery, and any other evidence that is submitted in a brief called the final evidentiary submission.
The Frankowski Firm has achieved great success with simplified arbitration. In cases where the client is unable to testify in person, the simplified process allows them to move ahead with a claim based on a paper filing. We often use this process with elderly clients that are unable to attend an in-person hearing and who need a faster resolution to their claims.
The average time for a decision in a simplified arbitration is eight months from the case filing date. For standard arbitrations, the average time from the initial claim to a decision is 15 to 18 months.
Richard Frankowski and our team have advised clients about securities arbitration matters for more than 15 years. We understand the practical issues that must be considered in choosing between a simplified arbitration and standard securities arbitration. To review your options if you have been a victim of fraud or negligence, call The Frankowski Firm at 888-741-7503 or complete our contact form.
The recoveries, verdicts, favorable outcomes, and testimonials described on this site are not an indication of future results. Every case is different, and regardless of what friends, family, or other individuals may say about what a case is worth, each case must be evaluated on its own facts and circumstances as they apply to the law. The valuation of a case depends on facts, the damages, the jurisdiction, the venue, the witnesses, the parties, and the testimony, among many other factors. No representation is made that the quality of the legal services performed is greater than the quality of the legal services performed by other lawyers.
Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. He is not licensed in any other state including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico New York, North Carolina, Tennessee, Texas.
