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FINRA Securities Arbitration Statistics – September 2009

Written on November 8th, 2009 by Jason M. Kueserno shouts

FINRA recently reported its September 2009 arbitration statistics. As of September 30, 2009, 5,545 claims were filed, compared to only 3,471 as of September 30, 2008, an increase of 60%. FINRA also reported that 3,196 cases were closed through September and that the average turnaround time for cases that go to an arbitration hearing has declined by 9% (14.5 months from 16.0 months).

The most frequent claims/controversies involved continue to be breach of fiduciary duty, misrepresentation/fraud, negligence, and breach of contract. Mutual funds and common stock also remain the most common type of securities involved in arbitration claims.

Investors have also prevailed in a larger percentage of cases decided (by hearing or on the papers). As of September 30, 2009, 444 cases had been decided and investors prevailed in 203 (46%) of those cases. This represents a 1% increase over last month and continues to demonstrate that arbitration results are moving more in favor of investors/Claimants. Given that 3,196 cases have closed as of September 30, 2009, these statistics also demonstrate that a large number of arbitration claims are settled.

The Kueser Law Firm represents investors in securities arbitration. If you feel that your investments have been mismanaged, please contact our firm to discuss your rights.

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Securities Arbitration Claims Rise by 65% from 2008

Written on September 21st, 2009 by Jason M. Kueserno shouts

Helen Kearney, of bankinvestmentconsultant.com recently reported that as of August 2009, more arbitration claims had been filed than in all of 2009. Although there was a slight downturn in the number of claims filed in August, it is unclear whether this trend will continue.

In large part, the number of claims will likely depend on what happens in the markets over the next few months. In addition, there are different types of investments that have been the subject of significant arbitration claims, including auction rate securities and other cash-equivalent funds. Some of these investments have also been the subject of regulatory investigations and settlements. The outcome of those pending investigations could impact the number of cases filed during the remainder of the year.

If you have concerns about the manner in which your investments have been managed, or if you are worried that an investment you own may not be what you thought you had invested your money in, you should contact an attorney to discuss your rights. The Kueser Law Firm represents individuals in securities arbitration. Feel free to contact us if you would like more information.

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Welcome to the Securities Arbitration Blawg

Written on May 27th, 2009 by Jason M. Kueserno shouts

The Securities Arbitration Blawg will contain information and commentary related to securities arbitration and, to a lesser extent, securities litigation.  I am currently developing this blog, as well as the Investment Fraud Blawg, the Stockbroker Fraud Blawg, the Securities Fraud Blawg, and the Consumer Fraud Blawg.  Please bear with me while I finish a few administrative matters.  I expect to have these blawgs officially up and running within the next few days.

Until then, feel free to visit The Kueser Law Firm’s website or follow me on Twitter.

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