Personal Finance: Securities Arbitration Keeps Wall Street Honest; Helps Burned Main Streeters

What is a Main Street investor to do if he or she is burned by a stockbroker or brokerage firm? Here are the answers.

(PRWEB) November 25, 2004 -- Personal finance remains one of the key ongoing stories about which Americans have, are, and will be interested. Wall Street and investing issues matter to Americans; are important.

WHAT IS A MAIN STREET INVESTOR TO DO IF BURNED BY WALL STREET? This good-news, reality story of true importance impacts Americans at all levels of social, economic, educational strata and, also, geographic area. No population sector nor state or region is immune or exempt from securities fraud and investor abuse. Statistics prove the point: This year, well over 700 new securities arbitration cases are being filed each month for burned Main Streeters against Wall Street. Thats one new case filed each hour, 24/7. The filing rate has doubled from 1998 and has grown annually from 1996 on. Though new claims for burned investors are at record levels, Paul Young of Securities Arbitration Hotline - and veteran burned investor representative, estimates that for 1 new claim filed, another 9+ are not. Lack of public knowledge and education of the availability of non-court securities arbitration and mediation, added to the intangible (but no less real) pain, embarrassment and anger felt by investor-victims, combine to create inertia."

Securities Arbitration presents burned investors the opportunity to have their dispute with their stockbroker/investment pro and firm presented before a panel that will decide if the investors claim is valid and, if so, how much the investor should be paid. Securities arbitration is designed to be fair, unbiased, with claims presented on a level playing field (often lacking in court).

And securities arbitration works -- the good news! Facts: To date in 2004 Main Streeters have won 58% of disputes brought. A wonderful victory rate for Main Streeters in what some see as a David/Goliath" battle; a win rate not matched by other consumer vs. corporate fields. (Plus, securities arbitration is time efficient and cost effective!). The professional duty owed to customers by Wall Street is real. This breach of duty is the top issue complained of by customers. Claims often involve multiple issues: Breach of duty leads, followed, in order, by negligence (a huge issue), misrepresentations/omissions of facts, unsuitability, failure to supervise accounts/brokers, then others follow. Stocks are the leading type of security complained of, followed by mutual funds.    

The Securities Arbitration Hotline (a national service at 1-800-222-4724), founded and operated for 16 consecutive years, allows those who know or think theyve been burned" by Wall Street to, for FREE, confidentially learn about rights/opportunities afforded by securities arbitration -- straightforward lowdown" on the process of recovering some, all or more than all (arbitrators can award punitive damages -- just like court) of their money back lost due to stockbroker or brokerage misconduct. Our information center also offers the free BURNED INVESTORS RECOVERY PAK, we also represent burned investors in securities arbitration and mediation coast-to-coast and have lodged, though Securities Arbitration Group, a case victory rate higher than the national average shown above though tenacity, dedication, mission-driven efforts honed by experience.    

Paul N. Young is the founder of 16 year old Securities Arbitration Group and the Securities Arbitration Hotline @ 1-800-222-4724. He is fully media experienced, print and air. Availability: 24/7. Call Caren at 1-310-551-0255 for scheduling Paul Young, recognized as Americas securities arbitration authoritative voice and tagged Mr. Securities Arbitration."

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