Representation of Registered Persons, Member Firms and Investment Advisers
Licensing and Registration
We represent registered persons, member firms, and investment advisers in licensing and registration matters with self-regulatory organizations, the SEC, and state securities and insurance regulators.
Our work includes negotiations of Form U-4 and Form U-5 disclosures with current or prior firms.
Firms are required to report all customer complaints, arbitrations, and other disclosable events on a registered person’s Form U-4 and Form U-5. The registered person’s record is made public for any potential employer or customer to see at www.brokercheck.finra.org (http://brokercheck.finra.org).
The potential for removing customer complaints or correcting information on a registered person’s record exists if he or she is represented by counsel with experience in this process which is unique to the brokerage industry.
Employment Disputes in the Financial Services Industry
We represent firms and individuals involved in employment and termination disputes including Form U-4 & Form U-5 disclosures. The financial services and brokerage industry is highly regulated and parties are most often required to arbitrate these disputes. Knowledge of both the working environment and the forums in which such disputes must be resolved is critical to the outcome of the matter.
Promissory Note Actions and Commission Claw-Backs
We prosecute and defend actions involving the repayment of Employee Forgivable Loans (“EFLs”) made through promissory notes and related contracts, as well as disputes involving repayment of commissions.
Administrative and Regulatory Proceedings
We represent firms and individuals in proceedings brought by or about to be brought by state securities and insurance regulators, self-regulatory organizations, and other enforcement entities.
We routinely represent parties in FINRA Rule 8210 requests for information and in on the record (“OTR”) testimony wherein the parties’ responses to information requests or appearances at OTRs is mandatory.