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Herskovits PLLC exclusively represents individuals in the financial services industry. Our practice areas include securities litigation and arbitration, securities industry regulatory defense, broker-dealer advisory services, securities industry employment litigation, and commercial litigation. We are a small firm, but our size allows us to provide unprecedented client service at affordable and predictable rates. Our office is located in New York City, but we can at times provide legal counsel to individuals in Anchorage, Fairbanks, Juneau, Sitka, and other areas in Alaska, subject to admission pro hac vice.  We are licensed to practice law in New York only and this webpage is for general informational purposes only.

Alaska "Blue Sky" Laws

Although the United States Securities and Exchange Commission (SEC) administers and enforces the securities laws at the federal level, each state has also enacted its own securities laws, known as "Blue Sky" laws. In Alaska, this law is known as the Alaska Securities Act ("Act"). The Division of Banking and Securities administers and enforces the Act, and it is also charged with the responsibilities of registering securities, licensing investment advisors and broker-dealers, and investigating alleged violations of the securities laws.

A recent Financial Industry Regulatory Authority (FINRA) arbitration proceeding demonstrates the large awards possible in securities disputes. Thus, it is prudent to obtain the assistance of an experienced securities attorney to handle these matters. In this proceeding, a FINRA arbitration panel in Anchorage found Respondents Burch & Company, Inc. and John Frederick Jeffers jointly and severally liable for $350,000 in compensatory damages. [In the Matter of the FINRA Arbitration Between Frank Griswold, Claimant, v. Burch & Company, William Clifford Congdon, III, and John Frederick Jeffers, Respondents (FINRA Arbitration 10-02477, August 25, 2011)].

Mr. Frederick asserted numerous causes of action in connection with a tenant-in-common share of Beamer Place Apartments, including negligence, breach of fiduciary duty, fraud, and breach of contract. Interestingly, the panel did not access damages against Respondent William Clifford Congdon, III because in January 2011, he filed for bankruptcy under the United States Bankruptcy Code. Consequently, as soon as a petition for bankruptcy was filed, all claims against him were stayed. Fortunately for Claimant, there were two other respondents to collect damages from.

Herskovits PLLC Can Help You Navigate Federal and State Securities Laws

If you are involved in a state or federal securities matter, you should seek the assistance of an experienced securities attorney. At Herskovits PLLC, we have the knowledge and experience to handle your case. We represent broker-dealers, registered representatives, and other industry participants in a wide range of securities disputes in court and in FINRA arbitrations.

We are a small firm, but our size is one of our best assets, and it allows us to avoid the conflicts of interest faced by larger firms and represent clients with numerous claims. Although we are located in New York, we can provide legal assistance to clients across the country. If you would like to find out more about our services, please contact us at (212) 897-5410. You may also fill out our contact form, and we will promptly respond to your inquiry.

Client Reviews
I give Rob Herskovits and his law firm my strongest possible recommendation. He expertly guided me through a challenging and highly adversarial FINRA disciplinary hearing. Due largely to Rob's extraordinary efforts, each of FINRA's charges were ultimately dismissed by the hearing panel. It is unusual to beat FINRA on their home court, and I'm grateful to have had Rob by my side. Matt D.
Rob has handled customer matters (mediations and arbitrations) as well as regulatory matters for my firm. He is very knowledgeable about the process, and can explain the details in layman's terms. Rob presented our case very well and achieved successful results in every engagement. Jay
I give Robert my highest recommendation. He and his firm helped me through what could have been an extended and financially troubling time. I am not sure that I could have cleared up a false accusation by a previous client had it not been for Robert and his firm, and for that I am very grateful. Derrick
Rob was great he helped my partner and I last year get two cases removed from our record that had no merit. You know how the firms are they represent themselves and settle we suffer. Rob represents you and he’s great!! Jeremy