The law firm of Lubiner, Schmidt & Palumbo has handled securities cases, including arbitrations and regulatory matters, for over 30 years across the United States. Over the years, we have earned a reputation for cost effective, aggressive, and innovative advocacy on behalf of our clients. Lubiner, Schmidt & Palumbo represents investors and individual brokers, as well as large and small brokerage firms, and has in-depth knowledge regarding stock market regulation, litigation, and arbitration. Among the attorneys at the firm are two former stockbrokers, a former in—house attorney for a major brokerage firm, and a former New York City prosecutor. Call us now and let us put our experience to work for you.
Lubiner, Schmidt & Palumbo has over three decades of experience in representing customers in securities arbitrations and defending individual brokers and small, medium and large broker-dealers arbitrations. The securities arbitration attorneys at Lubiner, Schmidt & Palumbo have handled hundreds of securities arbitrations from the pleadings stage to resolution by settlement or hearing.
Most securities arbitrations today are administered by the Financial Industry Regulatory Authority ("FINRA"). The securities arbitration lawyers at Lubiner, Schmidt & Palumbo have a wealth of experience before FINRA arbitration panels and are particularly knowledgeable about FINRA arbitration practices and procedures. Our in-depth understanding of the inner workings of the securities industry positions us to provide clients with superior representation. Our experience enables us to obtain the most favorable result for the client, whether that is settlement of a claim with significant exposure or presentation of an aggressive defense to a specious and illegitimate claim. READ MORERegulatory Investigations
In today's securities regulatory environment, it is imperative for a brokerage firm and/or its employees facing any type of regulatory inquiry to have the counsel of experienced securities regulatory authorities. The securities regulatory attorneys at Lubiner, Schmidt & Palumbo can assist a firm and its employees respond to the varied requests or demands made by industry self-regulatory organizations ("SROs") or government agencies that broker-dealers and their employees frequently receive.
There are numerous reasons why an SRO or governmental agency determines to initiate a regulatory inquiry. The inquiry could begin with the receipt of a letter requesting the production of customer records for one client or trading records for one particular stock. The recipient of the request could simply be the custodian of records the requester wishes to examine or a simple fact witness, not a target of the investigation, who the requester wishes to interview.
Or the letter could be addressed to one of the firm's largest producers, the subject of several customer complaints, advising that she is the target of a regulatory investigation due to the receipt of yet another complaint.
In any of the scenarios above, one of the first steps that should be taken is the retention of an experienced securities regulatory attorney to assist in the preparation of a response to the inquiry. READ MOREEmployment Law in The Securities Industry
Today, there are multiple employment issues facing brokerage firms, their executives, branch managers and human resources managers (and the employees themselves) in the financial services industry.
At the branch level, managers must be conversant with the current recruiting practices when they are looking to hire a new broker or when an existing broker resigns to join a new firm. If that resigning broker leaves the firm owing money to the firm collection efforts are frequently instituted.
Registered representatives should be aware of the legal implications contained in any employment agreements they sign and what, if any, restrictions on their activity might be in those agreements. During the course of their employment, their current or former employer may file amendments to their Central Registration Depository ("CRD") disclosure history. For individuals, a false or inaccurate CRD disclosure could have a serious and negative impact on their livelihood. For firms, a false or inaccurate disclosure could lead to a claim of defamation.
Compensation issues, whistleblower claims, wrongful discharge and discrimination claims all require serious review, investigation and resolution. Now, more than ever, securities firms and their employees require the counsel of experienced securities industry employment attorneys, such as the ones at Lubiner, Schmidt & Palumbo.
Call us now to help you with your employment issue, whether you are in firm management or an employee. READ MORE