If you are a securities industry professional, there may come a time in your career when you need legal defense or experienced advocacy related to securities regulation or your employment. At Lax & Neville LLP, we will protect your rights and interests if:
- Your brokerage firm is trying to fault you for its improper actions, to scapegoat you for actions it knew of and approved, or for its own lack of supervision of a customer's account.
- Your firm claims that you are responsible for a customer's loss which, in reality, was caused by your brokerage firm recommending or pushing the sale of a certain security based on suspect research or other reasons.
- You have been charged with insider trading, "selling away," unauthorized trading, churning, misrepresentations, price manipulation or other improprieties by state, federal or the SRO enforcement authorities.
- You were terminated from employment by your brokerage firm employer in violation of your statutory or contractual rights.
Our attorneys offer experienced representation to brokers who have been improperly charged by a customer, the regulators or their brokerage firm with improper or illegal activity. Similarly, we represent registered individuals when they are transitioning between firms. We will keep costs and expenses in mind, and will always provide you with realistic evaluations of the claims against you. Frequently, direct settlement or mediation is the most cost-effective manner of dealing with claims. Contact us for a free consultation or case evaluation.
We have defended individuals, issuers, broker/dealers, hedge funds, officers and directors in connection with securities regulations or enforcement matters concerning the following:
Regulatory and enforcement: FINRA Rule 3070 violations, Forms U4 and U5 reporting violations, Anti-Money Laundering Compliance (AML compliance).
Negligence or misconduct: failure to supervise, sales practice violations, front running, research issues, written supervisory procedures issues, taping rule issues.
Trading violations: insider trading, market manipulation, trading issues, market-making issues, Blue Sky violations, market-on-close issues.
Employment matters for securities industry professionals
We have particular experience in employment law matters in the financial services and broker dealer sector, including employment agreements with restrictive covenants (non-competes), confidentiality agreements, corporate policies on trade secrets, intellectual property and proprietary business information.
We have extensive experience in litigating disputes between brokerage firms and registered individuals regarding contract and employment issues, including "raiding" cases, temporary restraining orders (TRO'S), and injunctions, in both federal and state courts. Such matters then proceed to expedited arbitration under FINRA rules. Such experience should be an important factor in selecting a lawyer in this regard because there are many issues that are unique to the brokerage industry owing to its close regulation by both governmental and self-regulatory bodies.
Nationwide experience in securities arbitration and regulation
We have a solid rapport with regulators at FINRA, the SEC and state securities regulators. Cases usually go to arbitration, a venue in which we have a great deal of experience, and the sheer number of arbitrations we have participated in gives us an advantage. Our firm has clients in more than 17 states and dozens of cities. Contact us for more information.
Contact Lax & Neville LLP for a free consultation with an experienced securities and employment litigation lawyer. Serving clients nationwide in securities, employment and investment law. Located on the corner of 41st Street & Broadway, New York, NY.
