Herskovits PLLC is a small law firm that exclusively represents individuals in the financial services industry. Our attorneys have decades of collective experience in a wide range of securities matters, and our size enables us to provide unparalleled 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 Omaha, Lincoln, Bellevue, Grand Island, Kearney, and the surrounding areas of Nebraska, 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 Nebraska
The United States Securities and Exchange Commission (SEC) is the primary regulator and enforcer of laws involving the securities offered, bought, traded, and sold in this country. One of the SEC's principal objectives is to ensure a steady flow of accurate and complete financial information, thereby enabling investors to make informed business decisions. It also seeks to promote capital formation and maintain efficient securities markets.
In addition to the federal securities laws, each state also has its own securities laws, known as "Blue Sky" laws. In Nebraska, the law is called the Securities Act of Nebraska. The Nebraska Department of Banking and Finance administers the Securities Act and regulates the securities industry on behalf of the state. Its responsibilities are similar to those at the federal level.
A recent dispute between Oppenheimer & Company, Inc. and an investor demonstrates the importance of obtaining an experienced securities lawyer to handle securities disputes. Here, a Financial Industry Regulation Authority (FINRA) arbitration panel in Omaha awarded Claimant over $187,000 in compensatory damages, $63,000 in interest, and $40,000 in attorneys' fees. [In the Matter of the FINRA Arbitration Between Todd D. Simon, Claimant, v. Oppenheimer & Co., Inc., Respondent (FINRA Arbitration 09-07108, September 8, 2011)].
In the above matter, Claimant alleged that Respondent was liable for damages based on numerous causes of action, including violation of the Securities Act of Nebraska, misrepresentation, breach of fiduciary duty, and breach of FINRA's Conduct Rules. Specifically, Claimant argued that Respondent purchased auction rate securities and then neglected to inform him about the nature of the securities, the auction process, and the effect a failed auction could have on the securities.Herskovits PLLC can Help You Navigate Federal and State Securities Laws
If you are a financial industry participant and are involved in a state or federal securities dispute, 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 various arbitration and mediation settings. Moreover, our managing partner has handled over 200 FINRA arbitrations and has an impressive track record of success.
Although our office is located in New York, we can provide legal assistance to clients nationwide. If you would like to find out more about our firm or our practice areas, please contact us by calling (212) 897-5410. You may also utilize our contact form, and one of our attorneys will respond to your inquiry.