Herskovits PLLC is a small New York City law firm that represents individuals in the financial services industry in a wide range of matters. We are skilled negotiators, and when litigation is unavoidable, we are tenacious advocates with experience before state and federal courts and in various arbitration and mediation settings. We can at times provide legal counsel to individuals in Charlotte, Raleigh, Greensboro, Durham, and other locations throughout North Carolina, 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.
North Carolina "Blue Sky" Laws
The United States Securities and Exchange Commission (SEC) regulates the securities industry at the federal level. It oversees the industry's key participants, including broker-dealers, mutual funds, and investment advisors. The SEC also ensures that consumers are equipped with particular financial information to enable them to make sound investment decisions.
At the local level, each state has its own securities laws, known as "Blue Sky" laws. In North Carolina, this law is the North Carolina Securities Act (the "Act"). The North Carolina Securities Division administers the Act and investigates complaints about securities offerings, broker-dealers, and investment advisors. In order to protect investors and prevent fraud, it may suspend or revoke licenses, prevent securities offerings, apply for an injunction, or refer matters for criminal prosecution.
Because of the high stakes involved in securities matters, it is prudent to obtain the assistance of an experienced securities lawyer to handle these claims. For example, a Financial Industry Regulatory Authority (FINRA) arbitration panel in Durham recently awarded Claimants over $145,000 in compensatory damages, $25,000 in attorney's fees, and interest. [In the Matter of the FINRA Arbitration Between Wells Fargo Advisors, LLC f/k/a Wachovia Securities, LLC, Claimant, v. William B. Flowers, Respondent (FINRA Arbitration 11-01047, April 26, 2012)].
In the above matter, Claimant alleged that Respondent failed to make payments due under the terms of a promissory note. Consequently, Claimant requested the principal amount of the promissory note, interest, and attorney' fees. The arbitration panel agreed that relief was warranted and awarded nearly all of the requested relief.
Herskovits PLLC Can Help You Navigate Federal and State Securities Laws
If you are an industry participant and are involved in a state or federal securities matter, you should seek the assistance of a knowledgeable and experienced securities attorney. Herskovits PLLC has experience before state and federal courts and in a variety of arbitration and mediation settings. Specifically, our managing partner has participated in over 200 arbitration proceedings with an impressive record of success.
Although we are a small firm, our size allows us to avoid the conflicts of interest faced by large firms and represent clients with substantial claims. Moreover, it permits us to provide the highest degree of client service at affordable and predictable rates. If you would like to find out more about our services or discuss a securities matter, please feel free to contact us by calling 212.897.5410 or by utilizing our contact form. We are more than happy to assist you whether you are located in New York or a state across the country.