The Financial Industry Regulatory Authority (FINRA) has reported a significant increase in the amount of cases filed by investors over the past year as compared with years past. For the 2009 calendar year, 7,137 new arbitration cases were filed as opposed to 4,982 filed in 2008; this represents an increase of 43%. Investor claims are not only increasing, but turnaround time for cases has increased as well. The average time for a case that continues through to arbitration was 14 months in 2009 as opposed to 15.7 months in 2008, a 12% decrease in time. Simply put, more cases are going through arbitration and at a faster rate than in the past.
For a complete look at the available statistics, click here.
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