Brokerage firms are self-regulated through an organization entitled FINRA (Financial Industry Regulatory Authority). The association was created in 2007 and grew out of the National Association of Securities Dealers (NASD). Customers who have suffered investment losses on account of breaches of fiduciary duties, violations of the Texas Securities Act or the Securities Exchange Act, lack of suitability, churning to impose excessive fees, failure to supervise, selling away, misleading or absent investment disclosures, and other securities violations face difficult challenges, and many times, substantial damages. Burdine Wynne has successfully prosecuted securities claims resulting from customer disputes with brokerage firms and financial advisors. The firm routinely handles such claims before FINRA arbitration panels and has also successfully pursued breach of contract, negligence, and breach of fiduciary duty claims against brokerage firms in state and federal courts.
David Wynne has also successfully defended investment firms before FINRA panels against claims for millions of dollars.
Contact Burdine Wynne if you would like a free consultation regarding a FINRA arbitration.