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

What Triggers a FINRA or SEC investigation? - Transcript

So there are a number of things that trigger a finra or an SEC investigation the biggest one is likely a customer complaint or arbitration once a customer complaint is filed it goes on somebody’s u5 Regulators look at u5s whenever there’s what we call a ding on a u5 a mark and so if there’s some negative comments on a u5 about a customer complaint an investigation may start and it may not be limited just to that client every time an arbitration is filed at finra DIS finra dispute resolution finra regulatory the other arm of finra will review the arbitration that is filed to see whether there’s something to it that should be investigated whether maybe other customers are also harmed by it the SEC also gets tips through its whistleblower program and sometimes investigations are started through whistleblower tips and and if they think that it’s more of a thin rich issue they’re going to send it to finra there are sometimes marks on people’s u5 as a result of an employment termination that will start um a federal investigation or an SEC investigation as would a sweep in the industry sometimes Regulators think that there’s a sort of wrongful practice going across many firms a recent example of that is all the firms were investigated about broker’s use of the WhatsApp the problem being that those could not be maintained by a broker dealer because they disappear those WhatsApp messages and so that became a books and Records violation so that started a huge sweep that affected many many firms and many many investment professionals.

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