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Financial Services Litgation | Securities Litigation Attorney | Lawyers for Compliance - Wilchins Cosentino & Novins LLP

Financial Services Litigation

Securities Litigation

Wilchins Cosentino & Novins represents clients throughout the securities industry. Our attorneys have extensive experience in complex litigation and thorough knowledge of both securities law and the investment community. The firm’s experience includes substantial work in the following areas: representation in arbitration proceedings before the FINRA; internal investigations relating to potential legal/compliance issues; defense of investor claims of fraud, misrepresentation and other violations of securities laws; representation of companies and officers in corporate control disputes; and representation in regulatory and enforcement proceedings and internal investigations.

Broker/Dealer Disputes

For two decades, Wilchins Cosentino & Novins has represented both securities firms and individual financial advisors in disputes before FINRA and the American Arbitration Association. We also represent broker-dealers, financial advisors and other entities in litigations and arbitrations concerning sales practices violations throughout the United States.

Wilchins Cosentino & Novins attorneys have substantial experience in litigating disputes between and among securities firms and registered representatives regarding employment issues, including so-called "raiding" cases.

We routinely represent both member firms and registered representatives nationally and through New England, in injunction hearings in federal and state courts.

Regulatory and Compliance

Wilchins Cosentino & Novins represents firms in the financial services industry and their officers, directors and employees in regulatory examinations, investigations and enforcement actions by federal, state and SRO regulators. In addition to representing clients with respect to investigations, we advise clients with regard to compliance-related matters, such as questions relating to supervision, books-and-records maintenance, U-4 and U-5 filings, and customer privacy.

Wilchins Cosentino & Novins handles matters before the FINRA, FDIC, SEC and state regulators involving various subject matters, including:
  • Fee-based  brokerage accounts
  • Unauthorized trading
  • Supervision
  • Market timing of mutual funds and variable annuities
  • Mark-ups
  • Market manipulation
  • Sales practices relating to variable annuities
  • Options trading and supervision
  • Investment advisor services

Restrictive Covenant, Trade Secret and Unfair Competition Services

Wilchins Cosentino & Novins counsels clients throughout the country regarding the enforceability of restrictive covenants, trade secrets and confidentiality agreements, as well as claims of unfair competition. Our attorneys draft employment agreements and restrictive covenants for our clients. We also represent various other firms in the financial services industry, including brokers/dealers of securities, investment banks, private banks and commercial banks. Wilchins Cosentino & Novins's attorneys litigate and advise clients on the enforceability of various types of agreements, including those containing noncompete clauses, confidentiality covenants, solicit/no contact of customer clauses and no hire/no solicitation of employee clauses.

Customer Initiated Claims

Wilchins Cosentino & Novins successfully defends firms and individual investment advisors in the securities industry against claims made by customers for investment losses, including claims alleging breach of contract, breach of fiduciary, unauthorized trading, failure to supervise, fraud, misrepresentation and churning.

During the course of our practice, our attorneys handle claims involving a variety of investment products, fee-based accounts, equities, bonds, mutual funds, options and variable and fixed annuities.

Officer and Director Liability

Wilchins Cosentino & Novins successfully represents officers, directors and employees of various financial service institutions in litigation commencing in federal and state courts and various arbitration forums on various matters and claims involving investment related claims, breach of fiduciary duty, employment and discrimination claims, alleged wrongful acts, securities claims, failure to supervise, lack of judgment and good faith, mismanagement of funds, unauthorized loans and shareholder claims.