Questions to Ask Before You File a Complaint (2024)

Have you contacted the firm?

  1. Immediately question your broker about any transaction that you do not understand or did not authorize with your broker.
  2. If you are not satisfied with your broker's response, contact the firm's branch manager or compliance department. If you lost money or there was an unauthorized trade made in your account, you should complain in writing. Retain copies of your letter and of all other related correspondence with the brokerage firm.
  3. If you are still not satisfied with the firm's response, you can send a complaint to FINRA.
  4. A written complaint to the firm, or submitted directly to FINRA, will not appear in BrokerCheck unless it meets certain criteria.

Have you been defrauded by the firm or your broker?

If you believe that you have been defrauded by a brokerage firm or one of its brokers, FINRA wants to know about it immediately. Often, violations of our rules and the federal securities laws come to light through the receipt and investigation of investor complaints.

When should you complain?

FINRA has jurisdiction over most brokerage firms and their employees and associate persons. If you have a problem with an investment adviser, transfer agent, mutual fund company or public company, you may want to file a complaint with the SEC or your state securities regulator.

The fact that your investment has decreased in value or that you may have lost money does not necessarily mean that your firm or broker has engaged in misconduct. Investments in most securities involve risks. Further, there is no guarantee that investments will always be profitable, and there is no fund to compensate investors for losses they may have suffered as a result of a particular investment. For examples of conduct that is prohibited in the securities industry, visit our Prohibited Conduct Web page.

Are you seeking the return of money or securities?

There can be no assurances that any action taken by FINRA will result in a payment or return of funds or securities to you even where formal disciplinary actions are taken and sanctions imposed. Relying exclusively on the outcome of FINRA's investigation may close other avenues of redress if you wait too long to proceed. You may wish to review information on FINRA's Arbitration & Mediation Programs.

Questions to Ask Before You File a Complaint (2024)

FAQs

What questions to ask a complaint? ›

HOW: How did the incident occur? What was the sequence of events? How often has it occurred? How does the complainant know it occurred?

What is a formal answer to a complaint? ›

In Civil Law, an “answer” is the first formal response given by the defense to a complaint filed with the court by the plaintiff. This opening written statement will admit or deny the allegations, or demand more information about the claims of wrongdoing.

What is an open end question? ›

Open-Ended Questions: Definition

Open-ended questions are free-form survey questions that allow and encourage respondents to answer in open-text format to answer based on their complete knowledge, feeling, and understanding. The detailed response to this question is not limited to a set of options.

What are good interrogation questions? ›

Also, a good investigator should focus on asking short, to-the-point questions such as “Who told you that?” and “What did she say to you?” and “Where were you during this conversation?” and “How did that make you feel?” and “What happened next?” Remember, a good investigator will resist the urge to tell a witness what ...

What are the 6 basic investigative questions? ›

Good investigative questions should aim to uncover the who, what, where, when, why, and how of the incident or behavior being investigated.

What are the five investigative questions? ›

In investigative writing and research, the five Ws are used to gather information about a story or subject matter. In fact, most writers don't consider a story to be complete unless all five of the Ws have been addressed. The five Ws are who, what, when, where, and why.

What is a good investigative question? ›

Questioning for the witness (if there are any)

Here are some investigative questions to ask: What exactly happened from your perspective? What did you do after what you witnessed? Who was involved?

What makes a good response to a complaint? ›

Acknowledge their concerns, apologize for any inconvenience, and assure them that you're committed to finding a solution. Use active listening skills to fully understand the complaint, and ask clarifying questions if needed. Once you have a clear grasp of the issue, outline the steps you'll take to resolve it.

How to respond to a plaintiff's claim? ›

File an answer

Filing an answer is probably the most common way of responding to a lawsuit. An answer is your opportunity to respond to the complaint's factual allegations and legal claims. It also allows you to assert "affirmative defenses," facts or legal arguments you raise to defeat plaintiff's claim.

What do you say when making a complaint? ›

My complaint is that [list what you think went wrong or wasn't done properly. Be as clear as you can. It can help to make it short and to the point]. This situation has caused me [describe the impact this issue has had on you, your family or others who have been affected by the problem].

What questions should I ask an unhappy customer? ›

What is the one thing that we can do better that would help us to better serve you? What is the one thing we could add to the product / service will help improve your efficiency? What do you wish we could do but can't? What are your pain points with us and how do you think we could fix them?

What are the four most important parts of a complaint? ›

The complaint is composed of four major sections: the caption, the body, the demand for relief, and the signature. v. The body. The body must first state “a short and plain statement of the grounds for the court's jurisdiction.” Fed.

What are the 3 things you should do when handling a complaint? ›

Apologize: Apologize to the customer for not meeting their expectations and thank them for bringing the issue to their attention. Ask questions: In this case, you might ask the customer directly what you can do to make the situation right. Communicate with the team: Speak with relevant team members about the problem.

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