Vedder Price

Broker/Dealers Vedder Service

We are well versed in defending broker-dealers, their registered persons and others in a wide variety of regulatory settings, including enforcement inquiries, examinations, investigations, contested actions, and other disciplinary proceedings initiated by the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), the Financial Industry Regulatory Authority (FINRA) and other self-regulatory organizations and state agencies. We have extensive experience in defending financial institutions in federal and state court trials and appeals, arbitrations and mediations, and administrative proceedings.

Our litigation and enforcement experience includes sales practices, customer disputes, collateralized debt obligations, mortgage-backed securities, auction rate securities, hedge funds, variable annuities, exchange-traded funds, insider trading, money laundering, clearing, prime brokerage, customer privacy, securities lending and research.

Our team provides skilled advice on regulatory, compliance, supervisory and operational issues unique to broker-dealers and their registered persons. We also regularly assist clients with the development, audit and testing of compliance policies, procedures and systems, and conduct internal investigations and mock examinations to proactively manage governmental scrutiny.

 

Attorneys



John W. Whittlesey

Associate

Recent Experience

  • Successfully represented a broker-dealer in an SEC investigation involving due diligence and compliance matters
  • Successfully represented a broker-dealer and registered representative in a state of Indiana securities investigation involving the sale of variable annuities
  • Successfully represented a currency trading firm and its principals in a FINRA enforcement proceeding alleging excessive markups and commissions as well as a state of Ohio investigation regarding the broker-dealers’ ability to do business in the state
  • Successfully represented a broker-dealer in a FINRA investigation concerning private placement securities transactions
  • Successfully represented a broker-dealer in a FINRA investigation involving the suitability of registered representative’s clients’ investments in exchange-traded funds
  • Successfully represented broker-dealers in multiple FINRA investigations involving broker-dealer supervision of a registered representative
  • Successfully represented a broker-dealer and registered representative in a FINRA investigation relating to allegedly improper sales practices
  • Successfully represented a broker-dealer and registered representative in a FINRA investigation regarding the suitability of client investments in variable annuities and market-linked CDs
  • Successfully represented a broker-dealer in a FINRA investigation involving capital raises by the firm’s parent company
  • Successfully represented a broker-dealer in a FINRA investigation involving UIT sales and exchanges
  • Successfully represented a broker-dealer in multiple FINRA arbitration proceedings involving alleged selling away from the firm
  • Successfully represented a broker-dealer in state and federal court litigation alleging mutual fund break-point sales violations
  • Successfully represented a broker-dealer in defense of defamation claims by former registered representative
  • Successfully represented a broker-dealer in response to a FINRA investigation into private placement disclosure requirements
  • Successfully represented numerous associated persons in FINRA on-the-record testimonies