Lead Counsel for Broker in a High-Profile Investigation

June 02, 2017

Lead counsel for broker in a high-profile investigation and enforcement action by a state securities regulator.  The regulator alleged that the broker’s firm sold auction rate securities to a municipality that did not and could not authorize the purchase of such instruments, and that the investment was unsuitable.  The case settled before trial with a minimal fine, no suspension, and no finding of violation of law.  
Past results are reported to provide the reader with an indication of the type of litigation we practice. They do not and should not be construed to create an expectation of result in any other case, as all cases are dependent upon their own unique fact situation and applicable law.
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