The Firm's practice also includes representing investors in disputes with brokerage firms, investment advisors, stockbrokers, and commodities firms. These disputes frequently involve issues such as over-concentration, unsuitable investment recommendations, misrepresentations, “churning” or excessive transactions, inappropriate recommendations of margin trading, and execution problems. These disputes are heard in arbitration forums operated by FINRA (formerly NASD) Dispute Resolution, Inc. and the New York Stock Exchange. In the event a particular contract or account agreement does not continue an arbitration clause, the dispute may be heard in state or Federal court.
The Firm most frequently represents investors and has arbitrated cases against the following securities firms, among others:
- Merrill Lynch
- Morgan Stanley
- Raymond James
- A.G. Edwards
- Charles Schwab & Co., Inc.
- Bank of America Securities
- Prudential Securities/Wachovia
- Wells Fargo Securities
- First USA Securities/Brookstreet Securities
- Spencer Edwards, Inc.
The Firm also has represented securities industry clients such as broker dealers and registered representatives, in litigation/arbitration and also in licensing, disciplinary, and investigative proceedings before the Financial Industry Regulatory Authority (FINRA) (formerly NASD), Securities and Exchange Commission (SEC), and other agencies and bodies.