Herskovits PLLC exclusively represents participants in the financial services industry. Our attorneys are skilled negotiators, and when litigation is unavoidable, we are resolute advocates with experience before state and federal courts, various regulatory bodies, and in a wide range of mediation and arbitration settings. Our office is located in New York City, but we can at times provide legal counsel to individuals in Wichita, Overland Park, Kansas City, Topeka, Olathe, and other cities across Kansas, 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."Blue Sky" Securities Regulation in Kansas
The United States Securities and Exchange Commission (SEC) administers and enforces the federal securities laws. It seeks to protect investors, maintain confidence in the securities market, and encourage capital formation. When an individual or entity violates the securities laws, the SEC has broad authority to bring civil enforcement actions and refer cases for criminal prosecution.
Each state has also enacted its own securities laws, known as "Blue Sky" laws, and some of these laws are based off the Uniform Securities Act (the "Act"). Kansas has modeled its securities law off the Act, and its law is called the Kansas Uniform Securities Act. This law is administered and enforced by the Office of the Kansas Securities Commissioner, and this office has responsibilities similar to those at the federal level.
Financial Industry Regulatory Authority (FINRA) arbitration panels sitting in Kansas often issue enormous awards against respondents, and consequently, you should consider obtaining the assistance of an experienced securities attorney if you are involved in a securities dispute. In October 2011, for example, an arbitration panel in Wichita awarded Claimant almost $375,000 in compensatory damages, over $6,000 in attorneys' fees, and other minor amounts for costs expended in the matter. [In the Matter of the FINRA Arbitration Between AXA Advisors, LLC, Claimant, v. William Donald Miller, Jr., Respondent (FINRA Arbitration 11-00921, October 12, 2011)].
In the above proceeding, Claimant requested damages because Respondent, a prior employee, allegedly failed to reimburse business costs and expenses and breached a promissory note. Claimant argues that the expenses and the promissory note became due upon Respondent's employment termination.Herskovits PLLC can Help You Navigate Federal and State Securities Laws
Because of the complexity of the securities laws and the enormous damages possible in these matters, you should seek the assistance of an experienced securities attorney to handle these claims. At Herskovits PLLC, we have the knowledge and skill to handle your case–our managing partner has handled over 200 FINRA arbitration proceedings with an impressive track record of success. Moreover, our small size permits us to provide the highest degree of client service at reasonable and predictable rates.
Although we are located in New York City, we can provide legal services to clients in cities throughout the country. If you would like to speak to us about a state or federal securities dispute, please feel free to contact us by calling (212) 897-5410. You can also fill out a contact form, and one of our attorneys will promptly respond to your inquiry.