Vedder Price provides a wide range of legal guidance and litigation services for broker-dealers of all sizes.
You can expect comprehensive, experienced guidance in matters ranging from registration to understanding evolving compliance rules, as well as responsive support for litigation and other needs.
Broad experience with broker-dealer organizations and related firms. We represent broker-dealer affiliates of investment advisers and banks, as well as independent broker-dealer firms. We also work with a variety of mutual fund complexes, money managers, independent directors, pension plan sponsors, group trusts, insurance companies, investment limited partnerships, boards of directors and audit committees.
Comprehensive legal guidance—from registration through ongoing compliance. We provide guidance to broker-dealers on a broad spectrum of regulatory, compliance and operational issues. We also act as compliance counsel in transactions and conduct internal investigations and audits.
We represent broker-dealers on such matters as the following:
Drafting Securities and Exchange Commission (SEC) and various state registrations and Financial Industry Regulatory Authority (FINRA) membership matters
Creating supervisory procedures manuals that consider the rules and regulations of the SEC, FINRA and other regulators
Establishing customer and clearing agreements
Complying with SEC and FINRA rules and regulations
Developing employment agreements and other related documents
Implementing best practices for research, limit orders, net capital rules, customer protection rules and the prevention of churning, improper investment advice and front running
Wording of various regulatory filings such as U-4 and U-5 matters
Understanding recent enforcement actions and policies, as well as new state laws and regulations
Responsive and experienced litigation. We have extensive experience representing broker-dealers in trials and appeals, arbitrations and mediations, as well as in enforcement proceedings initiated by federal agencies, self-regulatory organizations and state agencies. We routinely handle FINRA and other self-regulatory arbitration actions in addition to SEC, FINRA and other self-regulatory enforcement actions and investigations.
The backing of seasoned attorneys with experience in the matters most relevant to your needs. Attorneys in our broker-dealer practice have experience in all aspects of federal and state securities laws and regulations, investment adviser and investment company matters, broker-dealer regulatory and compliance matters, derivatives and financial product matters, and ERISA and tax matters. Our experienced team includes former SEC and FINRA enforcement and regulatory attorneys, industry compliance officers and former federal and state prosecutors.