Independent Broker Dealer Consortium

Member Firm Profile

LGWM’s Securities Practice Group handles all types of securities litigation and regulatory disputes. LGWM attorneys have extensive experience in litigating securities matters in state and federal court and in arbitrations before FINRA and AAA. We represent large broker dealers, independent broker dealers, investment advisors and registered representatives throughout the Southeastern United States. We have experience with almost every securities product and investment strategy (common and exotic). Our experience is very diverse, including individual stocks, bonds, options, mutual funds, annuities, private placements, REITs, investment contracts and asset backed securities. The claims typically involve suitability, churning, misrepresentations and statutory claims, as well as claims relating to wrap accounts, individual accounts, IRA accounts and trust accounts.

Customer Disputes

LGWM has extensive litigation experience representing registered representatives, broker dealers and investment advisors in a wide arrange of customer disputes ranging from single customer selling away and suitability cases to complex multiple plaintiff actions. We routinely handle customer disputes in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi and Tennessee. We have also handled customer disputes in Arizona, California, New York, North Carolina, Ohio, Pennsylvania and South Carolina.

Some of our more notable cases include a 30-day arbitration in New Orleans, Louisiana representing a broker dealer and registered representative against over 100 individual customer complaints alleging the fraudulent sale of an international telecom security with claims in excess of $25 million, representing a registered representative against multiple customer complaints involving the sale of variable annuities with total claims in excess of $10 million, and representing a broker dealer in numerous customer complaints and regulatory actions brought by state securities commissioners alleging unauthorized trading and churning where the claims were in excess of $5 million. We have developed a knowledge base that allows us to quickly analyze customer disputes so that the matter can be effectively handled in terms of results and costs.

Registered Representative and Broker/Dealer Assistance

We routinely assist registered representatives and broker dealers with regulatory matters before FINRA and the SEC. We also represent our clients in disciplinary matters brought by professional designation boards such as the Certified Planner Board of Standard, Inc.

Our firm also has experience in representing registered representatives in the expungement process in order to clear remarks from a registered representative’s regulatory filings with the CRD. Our attorneys further assist registered representatives and broker dealers in industry disputes, including promissory note issues, commission issues and issues surrounding registered representatives changing broker dealers.

Regulatory Compliance

LGWM’s Securities Practice Group has represented numerous individuals, broker dealers, investment advisors and other financial service providers confronted with regulatory investigations, examinations and disciplinary proceedings. We have handled regulatory matters brought by the SEC, FINRA and the Department of Labor, as well as state securities commissions in Alabama, Arkansas, Georgia and Mississippi. We are well equipped to assist clients in regulatory matters from the initial receipt of notice through litigation. We stay abreast of all hot topics that the regulators are looking at during audits and work closely with our clients to develop the best strategy for responding to regulators.

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