UB Greensfelder helps many of the nation’s major corporations, banks, and financial service firms confront and resolve charges of securities fraud, misrepresentation, unauthorized trading, or alleged violations of SEC and related regulations, whether lodged as individual suits or class actions. Our responsive, skilled, and sophisticated attorneys also regularly represent a variety of clients in regulatory and investigatory proceedings in courts, the SEC, FINRA, NYSE, and other state and federal bodies.
Who We Are
With backgrounds in federal and state securities agencies and daily experience in the trenches of current securities litigation, our attorneys offer client-centered, practical advice and counsel. Corporate directors and officers turn to UB Greensfelder for advice on shareholder issues, to resolve governance disputes, and to represent special litigation committees. While our team is national in scope, representing some of the largest and most well-known institutions in the country, we remain proud of our strong regional roots, serving as counsel to many smaller, regional firms and the individuals associated with those firms.
How We Help
We are adept in defending broker-dealers and investment advisers against any charges in any setting, whether in court, in administrative proceedings, or in arbitrations. It doesn’t matter if it’s the SEC, FINRA, a state securities commissioner, the CFTC, or the NFA; we are routinely in front of these entities, defending complaints, appearing at interviews both formal and informal, drafting responses to investigatory inquiries, and negotiating resolutions. We handle dozens and dozens of customer arbitrations each year, answering allegations of securities fraud and violations of SEC and FINRA rules.
Why Clients Choose UB Greensfelder
Clients see the strength of the firm both in its reach across litigation, arbitration, and regulatory proceedings and in its size. UB Greensfelder is large enough to handle any securities litigation matter anywhere in the nation. At the same time, we are small enough to be efficient, responsive, and cost-competitive.
Click here to learn more about our work in the securities and financial services industry.
Representative Matters
- Defended a former managing director of a major New York broker-dealer in a $900 million securities arbitration alleging fraudulent analyst research involving WorldCom; arbitration panel awarded a complete defense verdict.
- Defended a major New York broker-dealer and one of its former managing directors in a $450 million securities fraud arbitration involving a series of allegedly improper hedging transactions in the over-the-counter derivatives markets; obtained a complete defense verdict and expungement.
- Defended a major New York broker-dealer in a $10 million federal jury trial involving alleged securities fraud in connection with complex futures and derivative transactions on both the CME and Globex.
- Defended a hedge fund in connection with a $50 million securities dispute involving residential mortgage-backed securities in a case involving a novel application of Section 11 of the Securities Act to misstatements and omissions in registration documents incorporated by reference into private offering memoranda.
- Represented several hedge funds in connection with market timing investigations and related civil litigation, avoiding the imposition of any fines, penalties, or other sanctions by regulators.
- Defended a national securities broker-dealer in a lawsuit brought by an Ohio county to recover $115 million in investment losses from a pooled public investment fund.
- Defended a national futures commission merchant in a lawsuit brought by investors in a commodity pool where the pool operator had pleaded guilty to criminal fraud; obtained dismissal of the complaint.
- Represented partners in a trading group at the CBOE who were sued in arbitration by their former partners for fraud; obtained complete dismissal.
- Represented a national securities broker charged by the NYSE Division of Enforcement with aiding market timing in annuity subaccounts and failing to know his customer; obtained dismissal of charges.
- Represented a national securities broker sued in arbitration at FINRA by a customer for investment losses; obtained a “0” award and then successfully defended the award from attack in the Pennsylvania Supreme Court.
