Herskovits PLLC is a small firm that represents individuals in the financial services industry. We can assist industry participants with numerous securities matters, and our services include broker-dealer advisory services, securities litigation and arbitration, commercial litigation, securities industry employment litigation, and securities industry regulatory defense. Our office is located in New York City, but we can at times provide legal counsel to individuals in Albuquerque, Las Cruces, Rio Rancho, Santa Fe, and other cities in New Mexico, 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.
New Mexico "Blue Sky" Laws
The United States Securities and Exchange Commission (SEC) regulates and enforces the securities laws at the federal level. It seeks to protect investors and encourage capital formation, and to accomplish this objective, it oversees the key participants in the securities industry and requires public companies to disclose particular information to the public.
At the local level, each state has its own securities laws, known as "Blue Sky" laws, and in New Mexico, this law is known as the New Mexico Securities Act. The New Mexico Securities Division (the "Division") regulates broker-dealers, investment advisors, and registered representatives and it can deny, suspend, or revoke these licenses if there is a violation of state or federal securities laws. The Division also investigates alleged violations of the securities laws and can bring criminal and civil actions against individuals and firms. Moreover, the Division dedicates numerous resources towards investor education to protect consumers from investment fraud.
A recent dispute demonstrates the importance of obtaining the assistance of an accomplished securities attorney to handle securities matters. In April 2011, a Financial Industry Regulatory Authority (FINRA) arbitration panel in Albuquerque awarded Claimants $500,000 in compensatory damages and interest. [ In the Matter of the FINRA Arbitration Between Robert Cordaro and Lisa Cordaro, Claimants, v. United Securities Alliance, Inc. et al., Respondents (FINRA Arbitration 09-06677, April 12, 2011)].
Claimants asserted several causes of action, including fraud, negligence, misrepresentation, breach of contract, and breach of fiduciary duty. They alleged that Respondents did not conduct proper due diligence before offering them private securities in DBSI State Office Fund, LLC, Triple Net Value Fund LLC, Medical Capital Corporation, and other entities.
Herskovits PLLC Can Help You Navigate Federal and State Securities Laws
If you need assistance with a state or federal securities matter, you should contact an accomplished securities attorney. At Herskovits PLLC, we have experience before state and federal courts, regulatory bodies, and in numerous arbitration and mediation settings. We are a small firm, but due to our dedicated focus on the financial services arena, we have an extensive record of successful engagements that can be matched by few firms of our size. Moreover, our size allows us to provide unprecedented client service at affordable and predictable rates.
We are located in New York, but we can represent industry participants in cities nation-wide. If you would like to obtain our assistance or find out more about our services, please contact us by calling 212.897.5410. You may also submit a contact form, and we will promptly respond to your inquiry.