FINRA Arbitration Filings Increase in 2018

FINRA has released its latest arbitration statistics, showing  4,325 cases filed in 2018, 63% of them customer cases, 38 % industry disputes with a 15 month average time frame, start to finish.A continued interesting statistic is the fact that only 14% of the cases were resolved after a hearing, with 67%  being resolved in mediation or by direct settlement between the parties.Customers continue to win 40% of the cases that go to hearing. Adding in the settlements, which we can assume was a "win" for the customer since they agreed to settle the case, customers "win" nearly 75% of the time a case is filed.Now, we can dispute what a "win" means, and the significance of the statistic, clearly customers are getting results in arbitration.The full statistics are online at http://www.finra.org/arbitration-and-mediation/dispute-resolution-statistics____Mark Astarita is a nationally recognized securities attorney who has represented…

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