Yes. FINRA rules allow a group of relatives, friends, members of the same congregation or any other group with a common complaint to bring one arbitration. These cases are especially powerful given the corroborating testimony of group members. Even if the group members were sold the same product by different brokers at the same firm, FINRA has allowed a single case to proceed. To view this arbitration Order, please click here.
If you know of other people who have the same securities you lost money in, it may help your case to join together in one arbitration. An experienced securities attorney can help sort through the circumstances and factors and make a strategic decision that is best for all. For a free initial consultation, contact Diane Nygaard at (913) 485-5014 or go to the Contact page of this website and send an e-mail describing your problem.