Our team counsels broker-dealers on all aspects of their businesses and provides practical legal and regulatory advice. Our clients include brokerage firms, investment and financial advisers, dually registered broker-dealers, private funds, private equity firms, mutual funds and banks. In many cases our clients (together with their affiliates) are a combination of the above.

We formulate policy to guide clients through the maze of regulations and rules of the Securities and Exchange Commission, Financial Industry Regulatory Authority and stock exchanges. We aid our broker-dealer clients in their day-to-day operational and business-related concerns as well as in every stage of their lifecycle – from forming and registering de novo operations via the Form NMA process to business and structural changes requiring either a FINRA “Materiality Consult” or a full NASD Rule 1017 application. We aid clients in preparation for regulatory inspections and inspection-related responses, and assist them in the construction of compliance-related regimes and procedures. We also represent clients in regulatory investigations, litigation and enforcement matters.

Our team works with clients on the negotiation of business relationships and expansions, mergers and acquisitions, compliance policy and procedure development and testing (including Anti-Money Laundering matters) and new product development. We regularly draft and negotiate contracts and work on customer and deal-related engagement agreements, sales agreements, personnel issues and independent contractor issues. Our clients trust us to aid them in matters including managing of solicitation issues and advertising.

Broker-Dealers