What are my legal rights as an investor?
If you lost money in your stockbrokerage accounts you have the following legal rights: • You have the right to be represented by legal counsel in a proceeding against your brokerage firm; • Your broker has no right to contact you after you have retained an attorney; • You have the right to obtain documents and information that your broker maintained about you and your accounts; • You have the right to have your case presented before a panel of three arbitrators that will make a binding determination whether your brokerage firm was involved in any misconduct. The panel detrmines if you get all or some of your losses returned, costs and attorneys fees; • With a favorable award, you have the right to be paid within 30 days.
