The securities fraud and other laws have statutes of limitations that require investors to proceed promptly with legal action. However, “promptly” generally means that an investor should commence legal action within two to six years of realizing that they have lost money as a result of one of the kinds of securities fraud or negligence outlined above. Time restrictions for filing an arbitration claim or lawsuit vary widely depending on state law and the location of the client. An experienced securities attorney can evaluate the strength of your claim and help you learn what the statutes of limitations are in your situation. Often, if a class action has been filed that would encompass your claim, that filing will “toll” the statute of limitations so that it is no longer running. This allows an investor an even longer period of time to proceed. For a free initial consultation, contact Diane Nygaard at 816-531-3100 or go to the “Contact” page of this website and send an e-mail describing your problem.
How Long Does an Investor Have to Bring a Claim?