Practice Area
FINRA Arbitration Attorneys
Most investor claims against brokers must go through FINRA arbitration. Richard Frankowski has represented hundreds of investors in FINRA arbitrations nationwide — and written the book on it. Literally.
How It Works
Understanding FINRA Arbitration
When you opened your brokerage account you almost certainly signed an agreement requiring any disputes to go through FINRA arbitration — not court. Most investors don't realize this until they've been harmed.
FINRA arbitration is a formal legal proceeding heard by a panel of arbitrators. The process involves pleadings, discovery, pre-hearing conferences, and a final hearing where both sides present evidence. The arbitrators issue a binding award — typically within 12 to 18 months.
Richard Frankowski has handled hundreds of FINRA arbitrations and co-authored The Practitioner's Guide to Securities Arbitration — used as a textbook in law school securities clinics. Nobody knows this process better.
Common Questions
FINRA Arbitration — Frequently Asked Questions
What is FINRA arbitration?
FINRA arbitration is the dispute resolution process most investors must use to recover losses from broker misconduct. When you open a brokerage account you sign an agreement requiring arbitration instead of court. A panel of arbitrators hears the case and issues a binding award.
How long does FINRA arbitration take?
Most FINRA arbitrations resolve in 12 to 18 months from filing. Simple cases can resolve faster through settlement or simplified arbitration for claims under $50,000.
What can I recover in FINRA arbitration?
You may recover compensatory damages, interest, attorneys' fees in some cases, and punitive damages when the broker's conduct was particularly egregious.
How long do I have to file a FINRA claim?
FINRA has a six-year eligibility rule. Do not wait — call immediately to protect your rights. Statutes of limitations may also apply under state law.
Does The Frankowski Firm charge fees upfront?
No. We work on a contingency basis — no fees until we win. Your consultation is always free.