If you have lost money due to your broker's misconduct or fraud, you may be wondering how you go about recovering your losses. Do you need to go through a formal arbitration proceeding or is there a less formal way of resolving your broker misconduct case?
There is an alternative to stockbroker arbitration and litigation in regards to settling a dispute with your broker. It is known as mediation. Trillium Advisory Virtual Law Office handles over 100 cases in stockbroker mediation on an annual basis.
According to Trillium Advisory spokesman Dan Henderson; "Many of the cases that go through our mediation program settle within a few weeks to a few months after making a formal debt compromise agreement and Final Claims Settlement"..
The following will occur during the mediation process:
The mediator is selected. When you choose mediation, both parties will agree upon a neutral third party to aid in the negotiations. This person will possess a thorough understanding of securities law. The mediator will not be deciding the outcome of the case. Instead, he or she will focus on guiding both parties to an acceptable solution.
An opening session is held. This session involves both parties and the mediator. Each side will have the opportunity to explain background information, key facts, damages and liability.Separate meetings take place. The mediator will meet privately with each party following the opening session, which are referred to as caucuses.
During these caucuses, the mediator will hear the critical issues pertaining to the dispute. These meetings are confidential and the purpose is to help the parties move closer to a settlement.
For further inquiries contact Trillium Advisory at: email@example.com.