24 December, 2012 @ 3:34 by admin
During an investigation pertaining to a brokerage or investment firm, regulatory bodies such as the SEC, FINRA, CFTC or others may also need to investigate the actions of investment professionals working for the firm. As a registered representative or stock broker, you will likely require legal representation with respect to depositions, subpoena responses, record requests or Wells Notices.
Typically, your employer might decide to appoint SEC attorneys of their choice on your case. As an investment professional in need of legal help, you might hastily accept such an arrangement. But here’s the risky flipside:
- Firstly, you should know that it is your employer—and not you—that is signing the retainer agreement with the attorney. Secondly, the attorney is being paid by your employer directly. Both these things point to a single fact: there is a strong likelihood of a conflict of interests because the attorney might focus on the interest of your employer even though he/she is ‘representing’ you.
At the Law Offices of Stuart D. Meissner, LLC, we often see such cases where investment professionals end up losing their reputation and money. So what are your options as a stock broker or registered representative working within a small or large financial firm?
- You should insist that your employer give you the authority to select your own FINRA or SEC attorneys. As part of this arrangement, you should sign the retainer agreement with your chosen attorney while your employer reimburses your attorney fees. This is the safest way to ensure that there is no conflict of interests between you and your employer.
When you choose us as your experienced SEC attorneys, we stand committed to providing you a fair and transparent representation. Our SEC and FINRA attorneys carry extensive regulatory experience, having worked in the capacity of a securities regulator. This indeed, is our key differentiator as has been proven by our highly successful record.
To know more, consult directly with us at TOLL FREE (866)764-3100 or visit us at www.smeissner.com.