Recognized in the Industry
Badge - AV Preeminent 2020
Badge - Best Attorneys of America
Super Lawyers
Badge - Badge - Avvo Rating 10.0 Top Attorney
Martindale-Hubbell Client Reviewed
Expertise - Best Employment Lawyers in New York City
Avvo Reviews
NYC Bar Association

Internal Investigations at a Brokerage or Investment Advisory Firm

Who Conducts Internal Investigations at a Brokerage or Investment Advisory Firm?

Brokerage or Investment Advisory Firms are required by FINRA to implement certain policies and procedures within their firm to ensure that their brokers or advisors are following all relevant securities laws. Supervisors and compliance officers are typically responsible for implementing the policies and procedures and will also conduct investigations when it seems that securities laws have been broken at a firm.

Back to Top

When Does an Internal Investigation Occur at a Brokerage or Investment Advisory Firm?

Within the policies and procedures that firms implement are systems for detecting “red-flags,” or indications that a broker or advisor may be violating securities laws in their relationships with customers. When red-flags are detected, supervisors and compliance officers at a firm are required to conduct investigations into the conduct that occurred and, depending on the severity of the conduct, levy disciplinary actions against the violative broker or advisor. Internal investigations also arise from complains by customers and/or other industry members, as well as whistleblowers.

Back to Top

What Happens if I am Under Investigation by My Firm?

If your firm has opened an internal investigation into your conduct, there are several things that can happen both at the onset of the investigation as well as at its completion. At the onset of an investigation, you may be put on administrative leave or taken off certain accounts within the firm until the investigation is complete. Once the investigation finishes, you maybe be able to return to work as normal, return to work under heightened supervision, or your employment with the firm may be terminated.

Back to Top

What Should I Do if I am Under Investigation by My Firm?

As soon as you learn that your firm is investigating your conduct, it is prudent to speak with an attorney who is experienced in securities industry matters, like the ones at Malecki Law. Having a securities attorney in your corner during an internal investigation can help facilitate positive outcomes with your firm. Lawyers can work with you behind the scenes, making sure written responses are stated in the most favorable light, as well as prepare you for interviews by compliance and/or the firm’s lawyers – who will be representing the firm, not you.

Back to Top

Attorney Advertisement. Prior results do not guarantee a similar outcome.

Testimonials From Former Clients
I highly recommend Jenice and her team at Malecki Law. I had a challenging, and lengthly case. Jenice was professional, very knowledgeable, and a pleasure to work with. She managed to make the process far less stressful during a very difficult time. They care about their clients, and it definitely shows. Mario
Jenice is truly a miracle worker and one of the top securities lawyers. She handled a very difficult case for us, displaying her legal knowledge, intelligence, and savviness throughout the process. I cannot recommend her enough. The quality of work from her team rivals that of corporate law firms. She was always available, extremely professional, and made sure to know all the details of the case. We were very fortunate to have been referred to Jenice and highly recommend her for any securities related legal issues. Nathan A.
An excellent professional who represented us in trial regarding a bank fraud, an unexpected and difficult time. A professional that worked hard, persevering and who stood toe to toe against firms that had a team of excellent lawyers backing them up. Her unflinching determination really stands out, it makes you feel you have someone who really cares about trying to recover what you lost from the people that wronged you. Salomon Levi
It is difficult to thank you in words when gratitude comes from the heart, so I will try to link feelings with writing. It is essential for us to mention your excellence as a professional, your aptitude on legal fields, and your unavoidable persistence. All of these virtues that elevate the profession you exercise in such an admirable way, go hand in hand with your sense of ethics, your human warmth and the transparency in your actions. To sum up, thank you for being a listening ear and for having the right word while transmitting information about the legal process. Having you as our representative during such an adverse situation was a privilege and enough reason for our eternal gratitude. Angeles Aparain
To say that my securities litigation was complex would be a severe understatement. With multiple parties involved and spanning many years, trying to understand the issues was daunting to say the least. Jenice and her team broke down the transactions by segment and by party uncovering every hidden expense. In the end, I was more than happy and could not thank Jenice and her team enough. I would not hesitate to recommend Jenice to anyone. She is highly professional, incredibly knowledgeable, well connected to industry experts, has a tireless work ethic and is so pleasant and easy to communicate with. Five stars for sure! Andrew Loughrane