Key Questions and Answers
What is securities fraud
Securities fraud is a broad term that includes many specific types of fraud. A broad definition applicable to many of the cases we file is any type of mischaracterization by a securities agent (broker, etc.) that leads investors to purchase or sell investments without full knowledge of risks, often leading to significant losses for the uninformed investors.
WHAT IS SECURITIES ARBITRATION?
Securities arbitration is a dispute resolution process which involves a neutral third party to act as both judge and jury. In securities fraud arbitration, that neutral party is a panel of people jointly selected by each side in the dispute through an arbitrator selection process. In disputes with brokers and brokerage firms, arbitration is the method most frequently used to address investors’ grievances. The arbitration process normally takes less time than a court trial, generally lasting around one to one and one-half years. Arbitration awards are final and binding on both sides.
WHAT IS FINRA?
FINRA is a government-authorized not-for-profit organization that oversees U.S. broker-dealers.
WHAT IS A CONTINGENCY FEE?
At Goodman & Nekvasil we work on a contingency basis for every one of our clients. No recovery = no fees or costs means that, as our client, you owe us nothing unless we obtain a recovery on your behalf. Attorney’s fees are only collected if you receive a recovery, and the same is true for costs. We bear the costs of your case throughout the process, only receiving compensation if you recover some of your losses.
WILL I BE CHARGED FOR RECEIVING A CONSULTATION FROM YOUR FIRM?
No. We offer free, confidential consultations. If you are considering hiring our firm, please contact us now for your free case evaluation, and learn more about our firm’s process and whether we may be a good choice for you.
WHY CHOOSE GOODMAN & NEKVASIL, P.A.?
Not many law firms that practice in the securities arbitration area can represent that they have recovered more than $170,000,000 for investors. Unlike many of our competitors, we advance all costs and are only reimbursed for those costs if there is a recovery. Many of our competitors require the client to pay the costs whether or not there is a recovery, but our commitment to our clients extends into the foundation of how we do business, assuming risk so that our clients don’t have to.