The Securities Arbitration Clinic is a two-semester clinic; however, students may enroll in either the spring or the fall semesters, but must complete 2 semesters in order to receive credit. Total credits hours for the two semesters are 8 credits. The Securities Arbitration Clinic offers a practical and educational opportunity in the securities arbitration process. In this course, the students will represent individual small investors with controversies of up to $75,000.00 before a securities panel under the supervision of practicing attorneys. The Securities Arbitration Clinic is designed to impart negotiation, advocacy and trial litigation skills to the students, as well as provide a service to investors that might otherwise be unrepresented.
Each student will handle all aspects of assigned a particular clients case, including:
Review case file
Meeting with the client to review facts, request supporting documents, and determine relevant issues
Research of applicable securities laws
Meeting with supervising attorney to determine course of action
If case is accepted, file power of attorney or entry of appearance with the Pennsylvania Supreme Court or Securities and Exchange Commission, preparing and filing a statement of claim with FINRA and following through with all aspects of case preparation.
Contact SEC attorneys, opposing counsel and the SRO to discuss recourse and schedule the arbitration panel if necessary.
For Arbitrations: Prepare case to be presented to the arbitration panel, including obtaining all necessary documents and witnesses, as well as completion of all research on the law; Represent the client in arbitration; Complete post arbitration work, including review of stipulated decision, if case is settled before arbitration.