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Representing Investors

In his years of practice, Mr. Galbraith has represented dozens of investors in securities arbitrations filed at the Financial Industry Regulatory Authority (FINRA), achieving excellent results both through full evidentiary hearings and through directly negotiated and mediated settlements. His clients have recovered many millions of dollars through his efforts. He has successfully brought FINRA claims against virtually every leading brokerage firm, including all the major Wall Street institutions.

Many investors have questions about recovering their losses and how the arbitration process works. Here are answers to a few of the most common investor questions:

Why securities arbitration?

Most brokerage agreements require that disputes be arbitrated at FINRA rather than litigated through state or federal courts.

What are the differences between arbitration and litigation?

In comparison with traditional litigation, arbitration has a number of advantages. First, the process is considerably more efficient than traditional litigation. Most claims can be heard within a year or so of filing. Arbitration also tends to be more cost-effective than litigation. Finally, because arbitration is binding and arbitration awards can only be overturned in highly unusual circumstances, appeals are rare and losing brokerage firms typically do not tie up investors with repeated appeals and their associated legal costs.

Who can file a securities arbitration claim?

Any investor with a U.S. brokerage account can file an arbitration claim with FINRA, regardless of where he or she lives.

How can I tell if my claim is likely to succeed?

Given his extensive experience, Mr. Galbraith is able to quickly determine the merits and strengths of potential claims and to weed out those that are not likely to have a successful result. Partly as a result of the fact that he works on a contingency basis, he only takes cases and pursues claims where he believes there is a high probability of success. He offers clients a free, no-obligation consultation to discuss the details of your case and to help decide whether you should bring a case.

What are the fees and costs associated with arbitration claims?

Mr. Galbraith works on a contingency or “success fee” basis when representing investors in arbitration claims, meaning his fee is a portion of the amount recovered. This fee arrangement makes him a “partner” with his clients and helps ensure that everyone’s interests are entirely aligned. He also takes on engagements using a “blended” fee arrangement that is a combination of hourly billing and a “success fee.” He bills out-of-pocket expenses at cost. The main costs of FINRA arbitration are a filing fee charged by FINRA and the fees charged by the arbitrators to hear the case if it does not settle before trial.