market selloff headline

market selloff headline

Saturday, October 16, 2010

Here's help for victims of shady traders



MSANCHEZ@ELNUEVOHERALD.COM

There's free legal help at Florida International University for small investors who've been victims of bad brokers.
In its first year, students at the Investor Advocacy Clinic are reaching out to investors who feel that something wasn't right about the way way their money disappeared.
``We can take a case that's got damages that aren't in the hundreds of thousands, but the losses are very meaningful to that particular person,'' said Bryan Jones, one of six third-year law students taking part in the yearlong clinic.
FIU's law school is one of three across the country that received $250,000 grants from the Financial Industry Regulatory Authority (FINRA) to start such clinics.
The cases taken up by the clinic could wind up in arbitration or mediation, where students will work to recoup the lost money. Nationally, more than 3,778 new arbitration cases were filed by investors against securities firms with FINRA in the first six months of the year.
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