When an investor loses money because of something his broker did – breach of contract, breach of fiduciary duty, negligence, etc. – the investor almost always has to sue the broker in arbitration.
Securities Arbitration may be quicker than going to court, but the investor loses several procedural rights, such as having his claim decided by a jury. In addition, when an investor loses money in the market because a company commits fraud, the investor may have be able to sue the company for violation of the federal and state securities laws.
Michael Criden of Criden & Love has represented thousands of clients in securities arbitrations since he began his practice, and is viewed by his peers as one of the top lawyers in the field. He has recovered hundreds of millions of dollars for clients. In addition, Criden & Love has been involved in dozens of securities class actions.