/24-7PressRelease/ - May 27, 2006 - Through April, burned investors filed over 15 new securities arbitration claims on average each day. For 2005, the number of new arbitration claims filed was 16.6 per calendar day (6,074 for the year just with the NASD, the regulatory organization that serves as the main administrator of claims. The NASD does not decide arbitration or mediation claims filed by burned investors, as often believed, they act only in a case management/administrative capacity). (source: NASD.com)
Do the case numbers shown above sound high? These does not include the NYSE arbitration claims or the mediation claims - just those arbitration claims filed by individual investors from all areas, all walks of life, all income and social brackets, who learned of the rights, opportunities and unparalleled benefits available to them via securities arbitration.
Paul N. Young, "Mr. Securities Arbitration" for over 18 consecutive years, believes the sourced numbers are, in fact, quite low. What would happen, he questions, "if the securities industry were to require that one of a hundred print and broadcast ads must be devoted to informing Main Street that securities arbitration is a system in-place that is designed for them to provide the avenue for recovery of dollars when and if investors have been, or believe they have been, ripped off by stockbrokers and firms? The number of cases would skyrocket," says Mr. Young. "We know it from the longest active free and national Securities Arbitration Hotline (1-800-222-4724) we have continuously sponsored since 1989. When people learn of investor abuse and the possibility of recovery using securities arbitration or mediation, our call center typically explodes with people commonly saying that they never knew that a real-world recovery system exists and that IF THEY HAVE BEEN BURNED THAT THEY CAN FIGHT BACK AND WIN!"
"Consider that few people know of the opportunities afforded to burned investors to recover some, all, or more than all of their money lost as a result of greed and the never-changing conflict between a stock brokerage's duty to the investor and their (and their agents') quest for commissions or fees. Through securities arbitration, burned investors are winning far more cases and claims than the industry ever envisioned. The system works for Main Street when it is used and when cases are advocated for victims properly," concludes Young.
Available now in all 50 states, securities arbitration is a real-life, real-world active and working tool that works, I believe, better than any other dispute resolution system in the country. It enables almost any Main Street burned investor to fight Wall Street on a level playing field
This money matters, personal finance story is ongoing. It is a story of consumer information, of loss and recovery (dollars and emotional), of a system of dispute resolution unlike any other in American business that affords real Main Streeters ripped off by Wall Street to redress their grievances fairly, properly, and using a process that works well when worked well. "We know. We've successfully fought for Main Streeters case-by-case nationwide for many years.
Learn more about securities arbitration, investor rights, Wall Street's obligation, the leading abuses and issues costing Main Street American's many millions each year, plus the unseen emotional toll taken by victimization (universal feelings among our Hotline callers and our clients since inception that can be paralyzing and create costly inertia). And learn more about securities arbitration - a great story that needs to be exposed to all corners of America, as both investor abuse and securities arbitration recovery reach into virtually every sector of American life.
Paul N. Young ("Mr. Securities Arbitration"), an experienced advocate for burned investors nationwide, is the founder of Securities Arbitration Group and the Securities Fraud Hotline @ 1-800-222-4724. Young is fully media experienced, print and air. He is available for interviews, guest appearances and news spots 24/7. Call Caren at the number above.
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