Is there a time limit to bring a fraud or misrepresentation claim?

Yes. Under FINRA Rule 12206, arbitration claims can be filed within six years from the occurrence or event giving rise to the claim. This six-year eligibility rule is separate from state statutes of limitation, which may impose shorter deadlines. Any disputes about whether a claim is timely are decided by the arbitration panel, not by FINRA staff. Because eligibility questions can be complex, it is critical to act quickly to protect your rights.