Securities & Investments Professional Liability

< Back to Practices

Our Securities and Investments Professional Liability Practice Group services a broad client base, including, but not limited to:

  • Registered representatives
  • Financial planners
  • Registered Investment Advisors
  • Brokers/dealers
  • Hedge fund and mutual funds and administrators
  • Financial services outsourcing solution providers
  • Private trust companies
  • Insurance brokers/agents

We also handle:

  • Fiduciary liability matters
  • Corporate directors and officers
  • Employment practice liability matters

In addition to professional liability matters in state and federal courts, we defend RIAs, brokers and broker-dealers before self-regulatory organizations, state agencies and the SEC. We handle securities arbitration claims before FINRA, AAA and other SROs.
 
Founded in 1962, Marshall Dennehey is one of the largest law firms in the country devoted exclusively to civil defense litigation. We have 500 attorneys in 19 offices strategically located in Philadelphia, Pittsburgh, Tampa, Orlando, Jacksonville, Ft. Lauderdale and communities throughout Pennsylvania, New Jersey, Delaware, Connecticut, Ohio, Florida and New York.

Clients realize a number of benefits from our extensive network of offices: travel time is sharply reduced and the attorneys working out of these offices and living in these respective areas are intimately familiar with the local practice and enjoy a good rapport with the judges before whom they frequently appear.
 
Recognizing the need for a cost-effective approach to the defense of professionals and organizations, we are dedicated to providing our clients with quality, timely and economical service. We are on the cutting-edge in developing innovative and alternative billing practices.

Cohen_Samuel
Samuel E. Cohen, Chair
Craig Hudson
Craig S. Hudson,
Additional contact

Brokers-dealer’s motion to dismiss expungement granted based on six-year rule for industry disputes.

Philadelphia - Headquarters
Securities & Investments Professional Liability
In an expungement case brought by a registered representative against his former broker-dealer, the respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes) was granted Case Law Alerts, 1st Quarter, January 2023 is prepared by Marshall Dennehey to provide information on recent developments of interest to our readers.
Read More

Investors awarded compensatory damages and punitive damages pursuant to California Code, Civil Code - CIV §3294.

Philadelphia - Headquarters
Securities & Investments Professional Liability
A group of senior investors alleged causes of action, including elder abuse and unsuitability, with respect to purchases of non-traded real estate investment trusts, Moody’s National REIT II and mutual funds, including the Apollo Institutional Inc Case Law Alerts, 1st Quarter, January 2023 is prepared by Marshall Dennehey to provide information on recent developments of interest to our readers.
Read More

Successful defense of broker-dealer client.

Securities & Investments Professional Liability
Appellate Advocacy & Post-Trial Practice

This was a high-stakes FINRA arbitration case, motion to vacate the defense award in federal district court, and a precedential decision in the First Circuit following oral argument. The claimant retired early with a pension and 401(k) and rolled the funds into a securities account in 2002. On a tip from a friend, he invested his nest egg with a registered representative who years later was charged by the SEC and convicted of securities violations.

Read More

Successful defense of financial planning/investment firm.

Securities & Investments Professional Liability

We were successful on a motion to dismiss an action against a financial planning and investment firm and its employee, a certified financial planner, filed in Federal District Court in Maryland. The plaintiffs claimed that the financial planner advised them to purchase a life insurance policy that was indexed to the stock market and that he made certain representations about the expected return on investment, which never came to fruition.

Read More

Defense Verdict in Binding FINRA Arbitration.

Securities & Investments Professional Liability

Defense award in a binding FINRA arbitration in Boca Raton, Florida on behalf of a broker-dealer. ​The broker-dealer was sued in arbitration by two retired broker claimants who sought $5 million in past and future benefits, under a retirement program that paid override fees to retired brokers on books of business they had developed decades ago.

Read More

Dismissal on a Directed Verdict in NY FINRA Arbitration

Securities & Investments Professional Liability

Obtained a dismissal on a directed verdict in a FINRA arbitration in New York. The defense represented a broker-dealer in a dispute with its former customer regarding the unauthorized use of her account information. The claimant was a customer of one of the broker-dealer’s New York branches, where her ex-husband also worked as a broker.

Read More