An investment fraud lawyer frequently represents clients in securities fraud arbitration. To initiate a securities fraud arbitration, an investment fraud lawyer will file a Statement of Claim on behalf of the claimant, his client. The Statement of Claim sets forth the facts and allegations against the stockbroker and/or investment firm. The Statement of Claim must also specifically identify the legal reasons the claimant believes he is entitled to relief. Because the Statement of Claim is the equivalent of the complaint which would be filed in federal court, it's best that it be drafted by an experienced an knowledgeable investment fraud lawyer. The cost to file a Statement of Claim ranges from $25 to $600 depending on the dollar value of the claim. A hearing session deposit ranging from $25 to $1200 must be paid in advance.