Home » Stock Market Articles » "Wall Street Pays Burned Investors in Arbitration" - Facts from Mr. Securities Arbitration.
"Wall Street Pays Burned Investors in Arbitration" - Facts from Mr. Securities Arbitration.
Securities Arbitration Hotline Begins 17th Year as New Claims by Main Streeters Exceed 500 per Month in '05; Hotline Founder Forecasts Katrina Victims May Increase Arbitration Filings.
/Stock Market PR News/ - October 13, 2005 - This month the national Securities Arbitration Hotline celebrates the beginning of our 17th consecutive year helping people burned by their stockbroker. A free, nationwide service, the Hotline is dedicated to helping Main Street Americans financially burned and abused by Wall Street. "It happens every single day," reports founder Paul N. Young. That is where Securities Arbitration gets involved working for the burned investor to resolve the investor's dispute within the securities arbitration process each day, case by case by case," states Young.
Securities arbitration provides Main Streeters the opportunity to resolve their claims in a time efficient, cost effective manner utilizing a non-court process. Burned investors can be awarded some, all, or more than all of the dollars lost due to one or more acts of stockbroker misconduct. The common acts of misconduct include: lack of investor suitability for recommended investments, misrepresentations (lies) about investment products and/or the failure to tell the investor all that the investor needs to know to make a fully informed investment decision (all the truth all the time is required), negligence, failure to supervise the broker and/or the account by the firm, failure to follow investor instructions, among others.
The recent statistics indicate that investors are filing approximately one new securities arbitration case in this country ----------- per hour! Over 500 per month so far in 2005. Paul N. Young: "We believe that for each new case filed, at least ten additional legitimate claims are not filed by burned investors and may never be due to lack of knowledge that they can pursue their claims or victim embarrassment."
The securities arbitration system works well. In 2004, Wall Street paid Main Streeters $200 Million in just contested arbitration. This record-shattering amount does not include money paid in private settlements or mediation. This figure is only for claims that went to an arbitration hearing panel for decision, which this year to-date represent just 20% of the claims that have been resolved (so, amounts recovered in fully 80% of the remaining claims shall not be known). The 2004 dollar amount awarded to burned investors that is known set an all-time record, easily eclipsing awarded amounts in contested claims for each prior calendar year. Proof-positive that the system works.
But what about the future? Securities Arbitration's Paul Young: "In what appears to be a soft and uneven investment environment, we would expect Main Streeters might be bombarded with recommendations by stockbrokers to actively trade their regular and retirement accounts, as this generates commissions for firms and brokers. We caution great care and prudence by investors.
We would also expect that when the victims of the Gulf Coast hurricanes regain a semblance of normalcy, they may take a very hard look back at where, what, and why their stockbroker had them in stocks and other investments that may not have been proper given the individual investor's life circumstances prior to the hurricanes. We expect that the Hotline will take many calls from hurricane-impacted investors who may yet discover that they have been burned by their broker for a short or long time; put in risky investments without a sound basis.
If so, we stand ready to help them recover on legitimate claims against Wall Streeters in arbitration, as we have similarly done coast-to-coast-to-coast for people for many years."
Our media outreach message is vital: Burned investors can fight back and win against Wall Street. It can be done well and right in a time efficient, cost effective manner. That the securities dispute resolution system works well for Main Streeters. That Main Street cannot fight back and win against Wall Street if the burned investor stands silent and remains outside the "arena."
The October anniversary of founder Paul Young's Securities Arbitration Hotline (1-800-222-4724) (which is the only non-governmental one in the USA that we know of dedicated to burned investors) provides a good time to get the important real-world, non-theory money message out to the public.
Ours is a street consumer, good news, top menu money story of real people provided the chance to take on the big guys on Wall Street ... and win. With money and money-related stories among the most important to the public, this is a unique and POSITIVE story for broadcast and print. It is a story for the consumer, for every American with any investments. With tens of millions of individual investors from all walks of life and covering virtually all geographic and demographic areas, this BIG story about Main Street money warrants significant coverage. Our bias is simple, concludes Young: "We are for fully informed investors properly counseled by Wall Streeters so that they never get burned and never need our services. And we are biased, with great weight, to making sure and helping burned Main Streeters take the opportunity to fight back and win in securities arbitration. These are our simple biases, goals and objectives. Period."
The Securities Arbitration Hotline @ 1-800-222-4724 helps people who think or know they've been burned by Wall Street.
Available for interviews (print/air), founder PAUL N. YOUNG -- dubbed "Mr. Securities Arbitration" -- is a compelling, fully all-media experienced communicator who believes that securities arbitration is "the best thing since chocolate ice cream."
SECURITIES ARBITRATION HOTLINE - 1-800-222-4724
For Interview Requests: Caren Gellman. Telephone: 1-310-551-0255
Or email: FraudFight@aol.com
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Press Release Contact Information:
Paul Young
Securities Arbitration Hotline
Founder
Voice: 1-800-222-4724
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