If you’ve lost money to broker fraud, you should consider seeking the counsel of an attorney who can represent you in arbitration and mediation proceedings before FINRA, the Financial Industry Regulatory Authority. How can you find a free FINRA attorney?
Many law schools run clinics designed to help underserved investors recover lost funds. Why are these clinics needed? Then SEC Chairman Arthur Levitt identified a need around 1997, when he realized that many investors could not secure private legal representation because their losses were too small, making it hard for private firms to take these cases on contingency. Arthur Levitt wanted to make sure that underserved investors could access a free FINRA attorney, and law clinics emerged to fill the need.
St. John’s University Law School, located in Queens, New York, operates the Securities Arbitration Clinic, part of the St. Vincent de Paul Legal Program, Inc. The clinic represents defrauded investors in FINRA arbitrations and mediations. Common claims include misrepresentation, unsuitable investments, unauthorized trading, churning, and failure to supervise. A law student, supervised by a free FINRA attorney, represents each client. The clinic can be reached at (718) 990-6898.
For investors in the Chicago area, Northwestern Pritzker School of Law is another helpful resource for wronged investors seeking a free FINRA attorney. As part of the Bluhm Legal Clinic, the Complex Civil Litigation and Investor Protection Center represents underserved clients in securities litigation, among other practice areas. Wronged investors seeking to work with this clinic must have a household income of less than $100,000, and their losses generally cannot exceed $200,000. Northwestern Law students, under the supervision of a free FINRA attorney, represent underserved investors from all over the country in mediation and arbitration proceedings before FINRA. The clinic represents investors involved in disputes with brokers, investment advisers, or brokerage firms. The clinic can be reached at (312) 503-0210 or investor-protection@nlaw.northwestern.edu
The University of Miami School of Law is another resource for investors of modest means who are seeking a free FINRA attorney. At the Investor Rights Clinic, law students, supervised by attorneys, help investors who cannot find traditional legal representation because of the size of their claim. A prospective client’s losses should not exceed $100,000. Their annual household income should not exceed $100,000, and they should have no major assets except their home, car, and the investment that led to the losses. Preference is given to Florida residents and senior citizens. Common claims include fraud, negligence, misrepresentation and/or omissions, unauthorized trading, failure to supervise, selling away, and breach of fiduciary duty. The clinic maintains a blog and resources page and also hosts investor outreach events at senior centers and other community organizations. The clinic can be reached at (305) 284-8234.
In Washington, D.C., the Investor Justice and Education Clinic (IJEC) at Howard University School of Law was founded in Fall 2010 when the FINRA Investor Education Fund provided Howard University with a grant to start the program. The clinic provides free legal services to underserved investors, in the form of student attorneys supervised by a free FINRA attorney. Common cases involve a diverse array of financial products, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), stock options, real estate investment trusts (REITs), variable annuities, limited partnerships, and initial public offerings. The clinic also hosts investor outreach events at schools, churches, retirement communities, fraternities, and sororities. The securities arbitration clinic can be reached at (202) 806-8082.
The Investor Advocacy Project at Seton Hall University School of Law in New Jersey has served as a longstanding resource for defrauded investors seeking a free FINRA attorney. Investors work with a student attorney, who in turn is supervised by a supervising attorney. What are the qualifications for a prospective investor to work with a free FINRA attorney? Prospective clients must be New Jersey residents, have an annual household income no greater than $100,000, and have no more than $100,000 in losses.
At New York’s Fordham University School of Law, student attorneys, under the guidance of supervising attorneys, provide legal representation to defrauded investors of limited means. Student attorneys advocate for investors at mediations and arbitrations in front of FINRA, the Financial Industry Regulatory Authority.
If you’re looking for a free FINRA attorney, resources are out there—if you meet very specific criteria and if a law school clinic has the resources to take your case. Not everyone will meet these criteria. If you don’t meet these criteria or would prefer a private attorney, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn more about your options for recovery. Call (877) 238-4175 or email info@fkesq.com for your free case consultation.