Investment Advisory Defense

Cathy Sommer
Los Angeles

Investment advisors face increasingly complex issues and a continually changing market place.  We regularly represent RIA firms in private arbitrations and court actions involving claims of unsuitable advice, employee embezzlement, third party mismanagement, and, of course, breach of fiduciary duty.  We understand the law governing RIA firms, and the important distinctions between how the law treats RIA firms and their duties.

Recent Successes

Represented regional advisory firm in a FINRA arbitration claim filed by a claimant seeking $800,000 in damages. After a seven day hearing, all claims were dismissed.

Represented Arizona RIA firm in $1,131,000 claim brought by elderly couple relating to mutual funds and short term trading in speculative securities. After a five-day arbitration hearing, we limited client’s exposure and Claimants were awarded only $40,000.

Represented a regional RIA firm in American Arbitration Association arbitration claim alleging mismanagement of portfolio.  Claimants sought several hundreds of thousands of dollars in damages.  After multi-day hearing, the arbitrator, a retired judge, dismissed all claims against our client.