Understanding Filing a Complaint [Securities Dispute Resolution]: A Comprehensive Guide

Definition & Meaning

Filing a complaint in the context of securities dispute resolution involves submitting a formal document, known as a Statement of Claim, to the Financial Industry Regulatory Authority, Inc. (FINRA). This document outlines the claims being made, the basis for those claims, and the amount of damages sought. It is a crucial step for individuals or entities seeking to resolve disputes in the securities industry, which may involve legal violations or breaches of industry rules.

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Real-world examples

Here are a couple of examples of abatement:

(Hypothetical example) An investor files a complaint against a brokerage firm for excessive trading, claiming it resulted in significant financial losses. The investor submits a Statement of Claim to FINRA detailing the nature of the trades and the damages incurred.

What to do if this term applies to you

If you believe you have a valid claim in the securities industry, consider the following steps:

  • Gather all relevant documentation and evidence related to your claim.
  • Draft a Statement of Claim that clearly outlines your case, including the basis for your claims and the damages sought.
  • Consult US Legal Forms for templates that can guide you through the filing process.
  • If your case is complex, consider seeking professional legal assistance to ensure your rights are protected.

Key takeaways

Frequently asked questions

A Statement of Claim is a formal document that outlines your complaint and the basis for your claims in securities arbitration.