Financial Services & Securities Litigation Attorneys

Murphy & Anderson has defended countless claims brought under federal and State securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investors Advisors Act of 1940, and other federal and State statutes and common law. We are familiar with the enforcement agencies regulating the securities industry and have appeared before the SEC, Financial Industry Regulatory Authority (FINRA), State regulators in over 15 states, State attorneys general, the Commodity Futures Trading Commission (CFTC), and other Self-Regulatory Organizations (SROs).

There is a new frontier of regulatory issues that are being generated across the board in the financial services industry, from investigations to reporting to enforcement actions. The SEC, FINRA, and State agencies have been active and continue to expand investigative and enforcement efforts affecting the industry and its registered representatives. Those regulatory efforts include assessment of customer complaints, sales by unregistered individuals, lack of compliance controls, theft, selling away, insider trading, Ponzi schemes, and trading issues. Our attorneys can assist with compliance rulemaking and implementation from the ground level and provide counsel on the interpretation of rules relating to trading, reporting, and compliance. We also assist industry firms and registered representatives through investigations and formal actions initiated by regulatory and law enforcement agencies.

Things can go wrong in the trading world, whether it comes to online trade execution, delays in order execution, unfilled orders, incorrectly filled orders, commission disputes, or turnover ratio and churning concerns in certain product classes. Murphy & Anderson regularly advises clients on these issues before they escalate to regulatory and litigation matters and assists firms with reporting issues and even internal privileged investigations.

The Financial Industry Regulatory Authority – FINRA – (the NASD and NYSE combined in July 2007 to form FINRA) is where most consumer and employment matters are arbitrated in accordance with dealer/broker agreements. The claims typically involve suitability, selling away, misrepresentation, price fluctuation, options disputes, execution discrepancies, churning, customer disputes, raiding, wrongful termination, harassment, theft, and violations of State and federal securities laws. The attorneys at Murphy & Anderson have handled hundreds of these cases over the last 5 years alone and have the experience, trial, and negotiation skills in these matters to provide excellent aggressive representation. The firm’s track record for success in arbitration matters is exceptional.

The attorneys at Murphy & Anderson have experience in class actions brought under federal and State securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investors Act of 1940, and other federal and State statutes and common law.

Our attorneys have been involved in multiple derivative litigation matters involving public companies and their officers and directors arising out of mergers, acquisitions, executive compensation, and corporate transactions. We have handled these matters in state and federal court, and are frequently called upon to act as local counsel in Florida for these matters.