Investors who are seeking to recover losses from a broker or from a financial advisor are usually compelled to submit their claims to arbitration by FINRA. In many cases, FINRA arbitration will be faster and less costly than going to court. Once a “Statement of Claim” is filed with FINRA, the parties are given a list of potential arbitrators to rank. This is an important process. An experienced investment loss attorney knows how to research and evaluate the potential arbitrators on the list. Once FINRA receives the arbitration ranking forms from all parties, FINRA selects the panel of one to three arbitrators, depending on the amount of losses. Customers and brokerage firms are required to produce certain types of documents. As a customer, you will have to produce brokerage statements for the accounts in question, statements for other investments, communications with the broker, and other documents. The broker is required to produce certain documents to you such as brokerage account statements, all communications with you, and internal communications concerning your accounts. Depositions are rarely allowed in FINRA arbitration.