Investor Protection and Securities Arbitration (FINRA and AAA)
A cornerstone of Lax & Neville LLP’s practice is securities arbitration. The securities arbitration attorneys at Lax & Neville LLP have represented hundreds of retail and institutional investors in securities arbitrations against financial firms, broker-dealers, investment advisory firms and hedge funds. Our attorneys represent all types of investors, including retail investors, ultra high net-worth individuals, family offices, pension plans, and fund of funds against brokerage firms, investment advisors, and other financial companies in arbitrations before the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the American Arbitration Association (“AAA”). Our founding partners, Barry Lax and Brian Neville, have over 12 years of combined experience as in-house counsel for some of the largest broker-dealer firms, over 40 years of combined experience practicing law, and have tried hundreds arbitrations to final awards in most major cities in the United States. Our investment arbitration attorneys have recovered over $40 million in arbitration awards and settlements on behalf of our clients.
Our firm’s thorough knowledge of the brokerage industry and securities laws, allows the attorneys at Lax & Neville LLP to provide the value of that knowledge and experience to clients in each case we take on. Our success is, in part, based our knowledge of the inner workings of investment firms and financial institutions, including their compliance and supervisory systems. Because of our vast and robust experience representing investors in hundreds of securities arbitrations, our attorneys have the benefit of understanding our adversaries’ strategies and goals. We are proud of our many wins and invite you to review them.
Lax & Neville LLP has reviewed, investigated, presented and defended a variety of securities arbitrations and disputes, including claims for:
- Fraud (10-b5)
- Unauthorized Trading
- Breach of Fiduciary Duty
- Failure to Supervise
- Defective Investment Products
Not only does Lax & Neville LLP represent investors against financial firms, but we continue to represent smaller and regional broker dealers, while remaining fiercely independent from, and often times adverse to, the largest financial institutions on Wall Street, including, but not limited to Morgan Stanley, Merrill Lynch, UBS and Wells Fargo. Lax & Neville LLP has a plethora of significant wins and settlements against large wire-houses who are usually represented by the largest and most resourceful internationally recognized litigation law firms. We believe we stand out from other law firms because we bring first tier representation in a cost-effective manner, which is something that the larger litigation firms simply cannot offer to clients.
Not every securities arbitration case will ultimately be presented to an arbitration panel. Many securities arbitrations are resolved through a negotiated settlement or settle through a process called mediation. Mediation is a non-binding alternative dispute resolution method which focuses on reaching a settlement resolution prior to the scheduled hearing in a securities arbitration. In mediation, a mutually selected neutral mediator works with both parties to reach a settlement. Lax & Neville LLP’s securities arbitration attorneys frequently utilize the mediation process to successfully settle various arbitration matters. Additionally, both of our founding partners, Barry Lax and Brian Neville, have been featured as speakers at bar associations and other forums on the topic of mediation.
Contact Lax & Neville LLP with your questions about securities arbitration. Our attorneys have the experience needed to analyze your portfolio activity and formulate a strategy to potentially recover your investment portfolio losses in the form of damages.