Erez Law, PLLC has established itself as the leading law firm for FINRA arbitration recoveries against brokerage firms, achieving the highest total awards in the history of the Financial Industry Regulatory Authority's dispute resolution process. The Miami-based firm, which represents investors exclusively in securities disputes, has secured multiple multi-million dollar recoveries that demonstrate both its litigation capabilities and the significant financial harm investors can suffer from broker misconduct.
The firm's record includes a $16,000,000 recovery for an investor from a major brokerage firm, a $14,200,000 award in Louis R. Deluca, Elizabeth Deluca and UBS, Inc. v. Stifel, Nicolaus & Co., Inc., Case No. 23-01288, and a $13,500,000 recovery for another investor. These substantial awards reflect the firm's willingness to take complex cases through final hearing rather than seeking early compromise, a strategy that has resulted in meaningful outcomes for defrauded investors.
One particularly significant case was Oren v. UBS, where Erez Law represented John and Elise Oren in a FINRA arbitration concerning UBS's proprietary YES investment strategy. UBS marketed YES as a low-risk options overlay strategy designed to generate additional income, but the strategy was actually a high-risk, directional iron condor approach that exposed investors to significant losses. After an eight-day trial in Houston, Texas, the arbitration panel awarded the Orens $3.8 million, including approximately $2 million in losses, benefit of the bargain damages reflecting the returns UBS had represented would be achieved, prejudgment interest, and attorney's fees of $965,657. The panel also found a violation of the Texas Securities Act, making this outcome widely viewed as a significant investor victory in a complex proprietary product case.
Another notable recovery was the $4,200,000 award in Puerto Rico Investors v. UBS Financial Services, Inc. and UBS Financial Services of Puerto Rico, Inc., Case No. 16-0071, demonstrating the firm's effectiveness in representing investor groups against large financial institutions. These cases illustrate the growing need for specialized legal representation as financial products become increasingly sophisticated and potentially misleading to retail investors.
As financial products evolve, Erez Law believes investor representation must continue to advance as well. The firm envisions a future in which investment fraud litigation is driven by deeper financial analysis, strategic trial preparation, and a continued willingness to pursue full evidentiary hearings when appropriate. This approach is particularly important for cases involving complex proprietary products like the YES strategy, where the technical details of the investment approach may not be fully disclosed to investors.
The firm's focus on holding brokerage firms accountable through FINRA arbitration and U.S. courts provides a critical check on financial industry practices. By concentrating its practice solely on investor representation, Erez Law ensures that its resources and experience are directed toward achieving justice for investors who have been wronged. For more information about securities arbitration, investors can visit https://www.finra.org/arbitration-mediation to understand their rights and options in dispute resolution.
These record recoveries signal a shift in the balance of power between individual investors and large financial institutions, potentially encouraging more investors to pursue legitimate claims and prompting brokerage firms to improve their compliance and disclosure practices. As investment strategies become more complex, the need for specialized legal expertise in securities disputes will likely continue to grow, making firms like Erez Law increasingly important in protecting investor interests in an evolving financial landscape.
