Wall Street Pays Burned Investors $200 Million

Securities Arbitration Report: Burned Main Streeters Awarded $200 Million In Contested Disputes in 2004; Highest Sum Ever!

(PRWEB) February 25, 2005 -- When Main Street burned investors are burned and abused by Wall Street, securities arbitration presents them with the opportunity to, without court, resolve their dispute utilizing arbitration; a system that each year since 1999 finds investors winning more claims than Wall Street does.

Some Main Street disputes with Wall Street are settled confidentially. Others resolve by mediation. In those claims, though, where the Wall Streeters and the Main Streeters meet for an arbitration hearing, the results for 2004 are in and are impressive:

In contested securities arbitration disputes, the NASD reported that in 2004 Main Street burned investors were awarded some $194 million. That is up from $162 million in 2003, up from $139 million in 2002. It represents the highest dollar amount awarded to Main Street burned investors -- ever. (This does not include mediated or private settlements between burned investors and Wall Street). And investors won 55% of contested claims in 2004, continuing a victory rate for investors that has exceeded 53% each year since 1999.

As well, 8,201 securities arbitration claims were filed by aggrieved customers in 2004, or 683 per month, or almost 23 newly filed claims every single day of the year, the second highest number ever (not counting mediation claims of another 1,217 filed in 2004).

Suitability, misrepresentations, omissions of fact, negligence, churning (commission grabs), failure of account and broker supervision, breach of duty are the top abuses.

David can beat Goliath. It is proven year on year, day by day, case by case.

The news is that burned Main Streeters can win using securities arbitration. Time efficient and cost effective and without court, the Main Street investor has a true and proven avenue when, and if, the investor has been victimized.

Since formation 16 years ago, the Securities Arbitration Hotline @ 1-800-222-4724 helps people who think or know theyve been burned by Wall Street.

This is a great news you can use" story. Available for interviews (print/air), managing director Paul N. Young -- dubbed Mr. Securities Arbitration" -- is a compelling, fully all-media experienced communicator who believes that securities arbitration is the best thing since chocolate ice cream."

Securities Arbitration Hotline

(1-800-222-4724)

For Interview Requests: Caren Gellman

Telephone: (310) 551-0255

FraudFight@aol.com

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