Minnesota Financial Industry Regulatory Authority (FINRA) Attorneys
Our attorneys frequently represent investors and registered representatives before the Financial Industry Regulatory Authority (FINRA). This self-regulatory organization regulates the financial industry and is an unique dispute resolution forum. FINRA has its own rules and regulations that are specialized to that financial industry. Our attorneys have experience representing investors, broker-dealers and their registered representatives, and registered investment advisors (RIA) in a variety of disputes.
Representation of Investors/Customers
When representing investors, our attorneys have helped people with investment losses due to fraud, churning, unauthorized trading, misrepresentations and omissions, selling away, breach of fiduciary duty, negligence, failure to diversify a portfolio, financial exploitation of the elderly and disabled and other related actions. For example, we have assisted an elderly couple that lost a substantial portion of their retirement funds due to poor financial recommendations. We have represented individuals that were victims of Ponzi schemes. We have helped a widow obtain reimbursement of her losses after receiving misleading recommendations to invest in speculative investments. We have represented a group of investors that lost money in a nationwide venture that failed. We have represented a widow that lost substantial sums due to over-charging of commissions and other fees. We have also handled matters that involve cyber crimes. While not all losses are recoverable, it is important to speak to an experienced securities attorney as soon as you suspect wrongdoing. Our attorneys have handled scores of cases in FINRA arbitration.
Representation of Registered Representation
Our attorneys are also experienced in representing registered representatives in regulatory matters. We have represented registered representatives before the FINRA Enforcement Division regarding disciplinary matters. This matters often involve suitability and fiduciary duty issues. We have also represented individuals before the Minnesota Department of Commerce on regulatory matters. We have also represented registered representatives in expungement proceedings before FINRA and before our local district courts. Under FINRA rules, a registered representative may ask to have disclosures events on their Broker Check be removed under certain circumstances.
Our work before the FINRA Dispute Resolution forum also involves employment matters. We have represented broker dealers and their registered representatives in nonsolicitation matters, noncompetition matters, transition of employment to a new broker-dealer, and in their business dealings. We have helped scores of individuals transition from one broker dealer to another, or from broker dealer to becoming a Registered Investment Advisors. We typically consult with the individual early in the process in order to help properly navigate the transition and avoid litigation. We have helped individuals defend against arbitration claims involving nonsolicitation or noncompetition claims in federal and state court, as well as through the special procedures under FINRA rules. We have also represented individuals in our local district court as well as through FINRA arbitration on commission disputes, team disputes, and restrictive covenants. Our attorneys help those in the industry buy or sell their book of business. We are known for our transactional work assisting financial advisors in growing their own business.
We also have experience in serving as both the mediator and arbitrator in similar matters. This experience helps us understand the industry better and assist our clients. The mediation work includes customer claims as well as industry claims. Mediation is almost universally accepted as a dispute resolution process because studies have shown that it resolves matters over 80% of the time. This is especially true in FINRA disputes. Our attorneys have served as mediators for cases throughout Minnesota.
If you have a matter involving the financial industry, please consider one of our attorneys.