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It depends on the individual case and the individual circumstances but I will say that a lot of investors seem to fear arbitration they know that it’s sponsored by FINRA, which is the regulator for brokerage firms and there’s just this assumption that somehow that forum is going to be biased in favor of stock brokerage firms. I don’t find that at all. I find that investors get a very fair shake in arbitration and the other advantages are that it’s a quicker timeline from the beginning of the case to the end of it if you’re in arbitration than court. And it’s also cheaper because you don’t have endless depositions, motion practice, etcetera. So I think it’s quicker, it’s cheaper, and I think customers get good results in arbitration.
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Minneapolis, MN investor advocacy attorney F. Chet Taylor talks about what the best forum is for investors – arbitration or court.