How Much Does It Cost To File A FINRA Arbitration Claim Against UBS?

Securities fraud lawyers who are currently suing UBS for investment losses in the closed end Puerto Rico bond funds generally work on a  contingency fee basis.  FINRA Dispute Resolution, the arm through which people who wish to sue for investment losses must go through, does charge a claim filing fee for the privilege of filing a claim.   This is a fee for the initial filing and must be paid at the time the claim is filed.  The amount of the FINRA filing fee depends on the amount of the claim at issue.  The breakdown of the FINRA filing fee is listed below… $10,000.01-$25,000—$425 $25,000.00-$50,000—$600 $50,000.01-$100,000—$975 $100,000.01-$500,000—$1,425 $500,000.01-$1 million—$1,575 Over $1 million—$1,800 If Damages Aren’t Specified-$1,250 Under FINRA Rule 12900 C(1), clients can receive a partial refund of the filing fee if the claim is settled more than 10 days before the date of the arbitration hearing. In addition, FINRA has a “hardship” waiver for investors of “meager” means who wish to file a FINRA arbitration claim.  If the client’s Adjusted Gross Income income is less than $30,000 for the immediate preceeding two years, FINRA is likely to waive or defer the filing fee.

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