- FraudFor many investors who have been the victim of investment mismanagement, securities fraud, or theft their only recourse is to file a claim against their investment advisor with FINRA. FINRA securities arbitration is the forum for the resolution for most disputes between customers and financial institutions. The retention of an experienced law firm is a critical step, a decision that should be made with great care. While some firms offer legal services, few – if any – have our experience and credentials.
- Wrongful TerminationPromissory Note disputes by Wall Street employers are conducted by binding securities arbitration at the Financial Industry Regulatory Authority (FINRA). There may be circumstances that justify a refusal to repay the outstanding portion of the loan or promissory note, including fraudulent employment law practices, misrepresentations, wrongful termination, or breach of contract. Such circumstances could form the basis for a claim against an advisor’s employer. Disputes also arise when an employer engages in wrongful conduct requiring the employee to leave the firm. Often such employment disputes are heard as a single case before a panel of FINRA arbitrators.
- Employment ContractEmployees of broker dealers cannot be terminated for reasons prohibited by employment agreements, statutes or public policy. Even “at will” employees may have rights if they are members of a protected class, retaliated against, harassed or if their employer violates public policy or statutes designed to protect employees.
- Employment LitigationMost employment disputes in the securities industry are arbitrated before the Financial Industry Regulatory Authority. Aidikoff, Uhl & Bakhtiari has extensive experience resolving disputes in this forum around the country.