Representing Yourself vs. Hiring a Lawyer

Every investor who thinks he or she may have a claim should consult a lawyer who is experienced with representing investors before making the decision whether to be represented or to go it alone. There are many lawyers who are willing to give you a free consultation without any obligation, including myself. You can reach me by calling the telephone number or clicking on the email link on the home page.

If, after consulting a lawyer, you determine that you do not have the choice of NASD arbitration or that you can and should pursue your claims in court, you should get a lawyer to represent you if it is at all possible.

If you have the option of NASD arbitration, going it alone may be attractive for some people. The NASD says that its rules were written to make it possible for investors to pursue their own claims without help, and some people do just that. The NASD will also allow you to be represented or assisted by a nonlawyer, such as an accountant, broker, friend, or relative in whom you may have confidence.

On the other hand, it is likely that your opponents will be represented by able and experienced legal counsel, and it is likely that, if you do not have a lawyer,in navigating the legal landmines and obstacles inherent in the arbitration process. Arbitrators usually try to follow the law, so not knowing the law as well as a lawyer is a handicap. An experienced investor's lawyer will know how to calculate your damages to maximize your recovery if you should win, will be able to secure appropriate expert testimony if that is appropriate, and will know how to gather and present the relevant evidence.