(PRWEB) January 18, 2005
December may have been bonus time for Wall Streeters with the NY Times reporting that stock brokerage industry Wall Streeters lined up to purchase expensive cars and real estate, the reality on Main Street is not nearly so euphoric. The mood for most Main Street investors is, indeed, properly subdued. Individual stock market investors have generally not fared well in the last five years with the L.A. Times reporting (01/03/05) that the ÂDow Jones, S&P 500 stocks, and NASDAQ stock index were below their peaks of 2000Â so investors have seen a Ânegative returnÂ (aka: LOSSES) from 2000 to now. Did or will Wall Street and their brokers tell Main Streeters this fact? Did or will they tell Main Streeters that since 12/1997 a Âbuy/holdÂ stock investor in the S&P 500 stock index Âearned an annualized average return of less than 5% a year,Â (source: L.A. Times)? ÂA loss is a loss is a loss,Â says AmericaÂs Mr. Securities Arbitration, Paul N. Young. ÂBut millions upon millions in stock market losses may be recovered if the individual investor was abused, lied to, material or important facts were withheld from the investor or the investor was unsuitable for particular investment recommendations. Whether the stock market is a good place for investing or not for most Main Street Americans is secondary to our single focus which is simply this: If an investor has been burned and abused, recovery is available here and now,Â emphasizes Young.
The reality is that many Main Streeters are subjected to high pressure sales tactics by many stockbrokers and firms driven by dueling forces: the quest to generate commission dollars against clear requirements to put the needs, objectives, desires, life circumstances, risk tolerance of the individual Main Street investor first in making investment recommendations and in managing an investorÂs money. When the two competing forces collide, Main Streeters can and do get burned. It happens a lot. Nationwide. To all types of people from all walks of life.
Through December, NASD Dispute Resolution reported that it had tallied 9,300 new securities arbitration/mediation cases for 2004. 775 new cases filed each month, close to 26 new cases filed each day, or over 1 new Main StreeterÂs claim filed every hour - 24/7, all year. Real people, real claims requiring not only attention but full and fair resolution.
Securities arbitration affords Main Streeters burned by Wall Street the Âfair and unparalleled opportunity to have their disputes with Wall Street resolved,Â says Paul Young of the Securities Arbitration Hotline, who works for Main Streeters in securities arbitration nationwide. Young continues: ÂThough fighting for Main Streeters, as I do, is hard work and Wall Streeters very actively contest most claims, the processes of securities arbitration and mediation serve the investing public quite well. Securities arbitration is a unique, non-court system providing real resolution to and for ripped-off investors. It really works.
The good news, hard proof that securities arbitration works is that burned investors have won more cases in contested securities arbitration than they have lost since at least 1999, according to national statistics,Â reports Young. ÂThis is real-world financial news. Real life in real time for real people nationwide.Â
The ÂnationwideÂ nature of ripped-off investors plus the means to get money back for these Main Streeters is proven by the increasing and ongoing case filing rate and to the victory rate for investors over Wall Street. Further proof that investor abuse reaches into all areas is provided by the fact that more and more cities across America are being added as locations where Main Streeters can (must) go to fight back: The big cities across America have been available for many years. And for many years only the bigger cities were needed. This required some burned investors to travel long distances. But in 2004, more cities in which securities arbitration hearings can be held were added: Des Moines, Iowa; Birmingham, Alabama; and Wichita, Kansas. And now, in January 2005, more cities are bringing securities arbitration to the people: Boise, Idaho; Augusta, Maine; Jackson, Mississippi; Helena, Montana; Bismarck, North Dakota; Manchester, New Hampshire; Rapid City, South Dakota; Montpelier, Vermont; Charleston, West Virginia; and Cheyenne, Wyoming. What does this mean? In arbitration, claims are heard in the city or town in which securities arbitration holds hearings that is closest to the home of the investor. By expanding the list of places in which hearings are held, securities arbitration really brings the reality of dispute resolution Home to real people Â where they live, right on Main Street.
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 theyÂve been burned by Wall Street. In addition to no cost initial consultation, they can request the free Burned InvestorÂs Recovery Pak.
This is a great Ânews you can useÂ real-life story. Available for interviews (print/air), managing director Paul N. Young -- dubbed ÂMr. Securities ArbitrationÂ -- is a compelling, fully all-media experienced communicator who believes, and proves daily by taking on Wall Street for Main Street, that securities arbitration is Âthe best thing since chocolate ice cream.Â
Securities Arbitration Hotline
For Interview Requests: Caren Gellman
Telephone: (310) 551-0255
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