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FINRA Arbitration Attorney

The Law Office of Daniel Bakondi
870 Market Street, Suite 1157
San Francisco CA 94102
Phone (415) 450 0424
Fax (415)399-9608


Mr. Bakondi recently successfully settled a representative complex litigation action in the superior court of california representing the public interest of the people of the state of California.  Mr. Bakondi received court approval of the settlement, which was finalized with the cooperation of  the office of the Attorney General.  In this private attorney general action brought by Mr. Bakondi, he successfully litigated and brought a corporation with yearly revenues exceeding $20 Billion into compliance with California health and safety codes.  Mr. Bakondi and his team received congratulations from the presiding superior court judge for being able to resolve the matter.  It is noteworthy that Mr. Bakondi's persistence, including in bringing the matter to the court of appeals, and willingness to take the lawsuit as far as necessary for justice facilitated a successful outcome.


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"Mr. Bakondi is a poised and brilliant young man who asked extensive questions to get at the crux of the situation. I was continuously amazed at the fine/pertinent points that Mr. Bakondi dug out of the years of files I had provided him. He quickly filed legal action I would call impressive in its fact-finding, background research, and arguments. In subsequent attorney communications and motions, I saw this astounding incisiveness over and over again. More than once I remarked to him how glad I was that he was not the other side's attorney! In forecasting the time, phases, and expenses of the case, Mr. Bakondi was also unerring. While the entire process took over a year, I never once had the feeling that he was not in complete control of the situation. In consultations, he always had all of the options and their consequences ready at hand, along with his recommendations. Not once did he make an inaccurate forecast or give bad advice. When the case concluded successfully, he tied up all the loose ends as meticulously as everything else he had done." M.A.

"Best of the Best: I hired Daniel a year and a half ago to help with an investment gone wrong. I felt him to be an attorney who is committed to justice and takes pride in all his endeavors. He has the integrity and dedication to follow through and make the process as painless as possible. Daniel guided me to a conclusion in a situation that was very difficult to do. I feel he is the best of the best of young and up and coming attorneys in the city." M.F.

"Daniel Bakondi is an attorney who is devoted to his clients. He is knowledgeable, expedient, and meticulous about details. He is honest and provides his clients with a realistic evaluation of their expectations. He doesn't waste your time. Daniel Bakondi is the attorney who will be in your corner all the way." N.T.

Finra Arbitration Attorney Daniel A. Bakondi, Esq. has obtained millions of dollars in investment loss recovery claims  against brokers, financial advisors, and financial institutions

Finra Arbitration Attorney Daniel Bakondi, Esq. represents clients in securities arbitration claims and obtain financial recovery for investment losses, and other claims against brokers, financial advisors, and broker-dealers.

If a large investment performs unexpectedly poorly, or if you have unexpected losses constituting a significant portion of your retirement or total net worth, it may not be your fault, nor, the fault of the market or just the natre of the investment, as some may claim.

Only an experienced investment loss recovery attorney can tell you if your broker, financial advisor, or financial institution violated securities laws and industry practices.  

Broker, financial advisor, and broker-dealer firm malpractice and violations include:

  • Securities fraud, stock broker and investment fraud

Securities fraud can include misrepresentation or failure to disclose material facts about an investment, institution, or selling process.  It may involve failure to disclose a broker commission, or the relationship between the broker and the investment in some cases.   As an investor generally cannot know whether there wee material facts undisclosed after having received many documents in the course of making an investment, including often a hundred-plus page Private Placement Memorandum (PPM) with facts, information, and projections about the investment's expected performance.  As FINRA securities arbitration attorneys, we often have access to information, appraisals, broker-dealer communications, and other undisclosed materials which constitute facts that had the investor been aware of, it would have made a material matter considered by the investor of whether or not to make the investment. 
  • Negligence and breach of the duty of care

Failure to follow the rules, guidelines, and laws regarding the sale of investments that exist to protect investors. 
  • Unsuitability or selling unsuitable investments

Not all investments are suitable for all investors.  The same investment may in some cases be more appropriate for a sophisticated, young, wealthy individual who understands its nature and risks, and yet not an appropriate recommendation for an elderly or retired investor who is not knowledgeable about a particular investment, who may have medical needs, or have other relevant factors. 

There is also a reasonable basis suitability test under FINRA guidelines.  Under this separate test, some investments are so poorly structured, that they are not of sufficient quality and reliability for any investor.
  • Overconcentration or over-concentration

Overconcentration is the recommending of investments that place more than 20% of an investor's assets into one asset class (or one type of investment).
  • Failure to supervise, and negligent supervision

Finra arbitration claims often involve a broker dealer or investment brokerage firm, possibly one the investor has not even heard of.  Yet, these broker dealer firms are responsible for supervising the broker, and approved the investment for sale.   
  • Failure to do due diligence 

Broker dealer firms are required to approve every investment sold through them, and every transaction sold by the brokers under them.  They have an affirmative duty to research investments, and understand their quality, the background on the principals, and ensure that the investment is what it purports to be.  Many broker dealers fail to do this, and take the word of the sponsor, who packages the investment, as to the financials.  This is a gross violation of the brokers' and brokerage firm's duty to you as their fiduciary client.  You will not know what due diligence and independent research was done, what documents were obtained, and what aspects of the investment were assessed and evaluated unless you obtain the right attorneys, file a proper claim, and demand these documents and records as part of the arbitration discovery process.

FINRA securities arbitration claims may also involve:

  • Securities fraud involving stocks, bonds, funds and annuities
  • Selling away
  • Sale of non-conventional investments
  • Breach of fiduciary duty
  • Overtrading
  • Unauthorized trading
  • Churning

About FINRA Arbitration

FINRA arbitration is another forum for resolving disputes, like going to court, often with many advantages over going to court. 

FINRA is the Financial Industry Regulatory Authority, formerly NASD (National Association of Securities Dealers) and is the licensing department of the SEC (Securities and Exchange Commission).  All securities brokers, broker-dealers (firms that sell securities) must have a license to sell securities, and are regulated by FINRA. 

When a broker or broker-dealer violates selling practices or the law, they may have liability under the law, including on some cases to return the investor's investment capital, or compensate the investor financially for their loss.

FINRA Arbitration vs court

Is Finra arbitration mandatory? 

Finra arbitration is mandatory for all registered representatives, brokers, and broker dealer investment institutions, like court.

How long does Finra arbitration take?

Finra arbitration can take as little as one year from filing of a claim to going to an evidentiary hearing.  Court is likely to take longer, possibly 2-4 years on average to get to trial.

Is Finra arbitration binding?

Yes, Finra arbitration is binding, like a court judgment, and there are no appeals.  The Finra arbitration award can be perfected into a legal judgment requiring compensation to be paid to the investor.

Do brokers and broker dealers have to pay the amount of a Finra award?

Yes, under Finra rules, they are required to pay any amount the Finra arbitration panel determines the investor is entitled to.  In fact, brokers and broker dealers can risk losing their license to sell securities if they do not comply with a Finra arbitration award.

Do I need an attorney for Finra arbitration?

The securities litigation and arbitration world is so complex, that the investor is often of little threat, even with a strong case, without the proper and experienced guidance of a Finra arbitration attorney.  Similarly, the reason in criminal law that criminal defendants are provided an attorney even if they cannot afford one, is that without proper legal counsel, even an innocent man is likely to be convicted.

Our legal team works in all areas of securities laws and broker disputes, often know the legal issues, the opposing counsel, the opposing firms and brokers, their insurance status, likely defenses, and have often litigated against them before.  We are able to maximize your recovery dollar. 

Our securities arbitration attorneys handle the entire process, and you may receive a financial settlement without ever having to go to trial.  FINRA securities arbitration is often faster and more effective than litigating in court.

Whether you believe you have a case or not, contact us now for a free no-obligation confidential consultation.  You must act before your rights expire.  

If Mr. Bakondi takes your case on a contingency fee basis, there are no attorney fees unless there is a recovery to you, and attorneys fees are paid out as a percentage of the settlement you receive. 

Please contact Attorney Daniel Bakondi today for a free consultation, and to discuss details about possible representation of your case.

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Please note that you are not considered a client until a formal agreement to take on your matter is entered into and
No attorney-client relationship is created through this website.  You may not rely in any way the attorney and nothing constitutes legal advice nor legal opinion uness expressly stated.  Your issue may be time sensitive and may result in loss of rights if you do not obtain an attorney immediately. Attorney licensed to practice in California and California jurisdiction matters only, engages in FINRA securities matters nationwide, and may practice pro hoc vice or engage associate counsel for litigation matters nationwide.  

The Law Office Of Daniel Bakondi
870 Market Street, Suite 1157
San Francisco CA 94102

Please contact by email:  

Phone: (415) 450 - 0424
Fax: (415) 399 - 9608

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This site was last updated August 5, 2013

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