Securities Litigation and Regulatory Compliance

Jennings, Strouss & Salmon has a reputation for excellence in serving the business needs of private and public sector clients doing business in an increasingly technical, highly-regulated, and competitive environment

Our attorneys routinely represent broker-dealers, registered investment advisers, and banks, as well as their officers, registered representatives, investment adviser representatives, and agents, in connection with trials and arbitrations, regulatory inquiries and responses, investigations, Wells’ responses, and enforcement actions throughout the country and before the SEC, Comptroller of the Currency, Department of Labor, FINRA, and numerous other state and federal regulators. In addition, our attorneys provide advice on licensing and registration; compliance with industry laws, including but not limited to the Securities Act of 1933, the Securities and Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Dodd-Frank Act, and the Employee Retirement Income Security Act; and preparation or consultation on the filing or amendment of disclosure documents, such as Form ADV, Form U4 and Form U5.  They also represent clients in actions involving employee forgivable loans or notes, as well as enforcement or defense of disputes arising out of non-solicitation or non-competition agreements.

Representative Engagements

  • Secured total defense verdict with co-counsel for registered investment adviser and investment adviser representative in lengthy jury trial before Arizona District Court and involving claims of securities fraud.
  • Defended officers of commercial real estate lender in class action alleging damages in controversy of approximately $900 million; also represented officers in mass action, additional state court action and regulatory investigation.
  • Represented CFO of public company in securities fraud class action, derivative suit, civil litigation, SEC investigation and enforcement action.
  • Defended businesses in investigation and enforcement action brought by the Securities Division of the Arizona Corporation Commission.
  • Represent numerous broker-dealers, registered investment advisers, and licensed individuals with licensing and registration requirements, as well as disclosure or reporting requirements—including consultation on Form ADV, Form U4, and Form U5 filings and amendments.
  • Represent clients with regulatory inquiries, investigations, On the Record Interviews, productions, Wells’ responses and, where necessary, defense of enforcement actions.
  • Defended broker-dealers, registered investment advisers, and licensed individuals in customer arbitrations involving claims of unsuitable investment recommendations, negligent supervision, negligent hiring, selling away, impermissible annuity or mutual fund switches, and churning.
  • Represent clients in intra-industry disputes and employment matters, including actions involving employee forgivable loans or notes, enforcement or defense of non-solicitation or confidential and proprietary agreements, and the like.