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Spodek Law Group

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WE'RE A BOUTIQUE NYC CRIMINAL DEFENSE LAW FIRM. YOU WORK WITH ONE OF OUR SENIOR ATTORNEYS PERSONALLY.

Over 50 Years Experience

WE'RE ONE OF NEW YORK'S OLDEST CRIMINAL DEFENSE LAW FIRMS. TRUST 50 YEARS OF EXPERIENCE.

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WE HAVE OFFICES ALL OVER NYC, AND LONG ISLAND. WE MAKE IT EASY TO MEET AND SPEAK TO AN ATTORNEY.

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FINRA Enforcement Defense Lawyer

FINRA is an agency charged with making sure that all Wall Street transactions are conducted ethically. Wall Street is not just for a handful of Americans. Americans all over the world count on Wall Street officials to grow their savings. People turn to experts here to help them accomplish many of their life goals. For example, someone wants to retire. They want to travel and see the world. Another person may want to help their children and grandchildren get a good start in life. Many people will save for years in order to afford the things they want to do in life. They need to make sure that their savings grow as they march across the years. They also need to make sure that their savings will not be lost. Wall Street officials also want to make sure that people feel confident about the American stock market. Confident investors are those who understand the market is carefully policed. They expect that all transactions will be conducted transparently. They also expect that any transgressions will be punished appropriately.

The Agency’s Powers

Given the importance of what they do, it is not surprising that FINRA has vast powers. The lawyers and other staffers at FINRA are entrusted with making sure that workers on Wall Street adhere to the highest possible ethical standards. A mere hint of impropriety can literally lead to a loss of confidence and a loss of value. This is why they look closely at any complaints that might be filed against members. It’s also why they make sure that any complaints are fully investigated. All possible questions of malfeasance are taken seriously. Staffers are given the power to find out if someone has engaged in illegal behavior. They are also given the power to clear someone’s name if an allegation has been made. All allegations are given the full weight of law. If a problem has been found, they are further given the power to take all kinds of actions. A staffer may choose to let the matter drop if they feel there isn’t even enough evidence. They are also given the power to report problems to other agencies for possible penalties that may include actual prison time.

Potential Investigations

Creating a defense is extremely important. The securities market plays a huge role in American life. Vigorous and effective enforcement of all laws related to securities law is one of the many aims of FINRA. FINRA officials can choose to suspend brokers temporarily from the industry. They can also take steps to bar both firms and individual brokers from the system. Formal disciplinary measures are possible. Enforcement means that officials collaborate in investigating all those who are suspected of any rule violations. These may be found during the course of firm examinations, or after customer complaints. Should there be an issue, action may be taken. Members may be subject to a disciplinary hearing that can have serious repercussions. A professional hearing officer will be in charge of hearing the case.

Taking Disciplinary Action

The agency can take action through two different procedures. Each one has the potential to create problems. There’s a settlement or what is known as a formal complaint. Under these two issues, the agency has wide discretion. Choosing a settlement means that the person or the company agrees that at least some ethical violations happened during the course of the business on Wall Street. This form of admission of problems may or may not have long-term consequences. Formal complaints can be filed by many people including clients and other firms. These complaints are complaints that will typically be heard by a panel of experts. This three person panel consists of two industry experts as well as the hearing officer. Each person or any firm should hire legal counsel. An enforcement defense lawyer can help with many kinds of aspects of any case. If company officials need to appear in front of a panel, they can help them with the preparation for such hearings. They can also help mount a defense in the event of any further actions by FINRA. Good legal counsel can make the difference and make sure all laws are cases are justly resolved.

by Leonard on Spodek Law Group
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Spodek Law Group

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New York, NY 10005

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212-300-5196

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Spodek Law Group

35-37 36th St,
Astoria, NY 11106

Phone

212-300-5196

Fax

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195 Montague St.

Brooklyn, NY 11201

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