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Securities Litigation & Enforcement

Miles & Stockbridge defends broker-dealers, investment advisors, and their associated persons in securities litigation, arbitrations, exams, investigations, and regulatory enforcement matters throughout the United States. We know the financial services industry, and we understand our clients’ needs.  We work closely with our clients to develop and implement a strategy that is cost-effective and tailored to their objectives. We negotiate reasonable resolutions where possible, and take cases to trial when necessary.

We have extensive experience representing clients in FINRA arbitration matters, including claims alleging or arising out of:

  • sales practice violations
  • misrepresentation and fraud
  • unsuitability
  • churning and reverse churning
  • unauthorized transactions
  • margin liquidations, including portfolio margin
  • options transactions
  • disclosures/ alleged failure to disclose
  • supervision
  • selling away
  • broker recruitment and raiding cases
  • promissory note collections
  • clearing disputes

We have special expertise in handling mass actions, including complex product cases.  We understand the regulatory implications for our clients, and we assist with any associated regulatory inquiries or matters.

We regularly defend broker-dealers, investment advisers and their associated persons in investigations and enforcement actions by the U. S. Securities and Exchange Commission, other federal regulators, and state regulators, the Financial Industry Regulatory Authority (FINRA) and registered securities exchanges. We conduct internal investigations and assist securities firms in in responding to regulatory examinations and inquiries.

Our employment and benefits group handles a full range of compliance litigation stemming from employee health and safety claims, whistleblower actions, discrimination complaints and other employment related litigation.  They have worked on cases alleging  compensation and benefits claims of all kinds, including incentive pay matters and other severance disputes for executives and financial advisors.   Our lawyers  handle wage and hour complaints for staff, including back office and operations personnel and contractor issues under both federal and state law.    

Miles & Stockbridge also provides regulatory and compliance guidance and counsel to broker-dealers and investment advisors.  We help clients with investment adviser registration, licensing of associated persons, and drafting agreements.  Our team collaborates with our colleagues to provide help clients with corporate formation, mergers and acquisitions, and succession planning.