National securities industry employment arbitration lawyers KlaymanToskes represents securities professionals in a number of employment-related disputes such as wrongful termination, unpaid compensation, commission, and bonuses, discrimination, and Form-U5 disclosure disputes.
KlaymanToskes represents financial advisors, investment bankers, research analysts, compliance officers, and other financial professionals who are facing employment issues, offering expert guidance in employment arbitration and litigation disputes to protect securities industry employees’ rights and interests.
If you are a securities industry professional facing an employment dispute, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
KlaymanToskes is a leading national law firm which represents industry professionals who have been involved in disputes with their employers. The law firm’s founder and managing partner, Lawrence L. Klayman, Esq. has extensive experience as a former securities broker and has spent decades applying his knowledge gained on Wall Street representing brokers and financial advisors in a range of employment law matters including regulatory proceedings, whistleblower actions, Form U5 defamation, promissory note disputes, and other wrongdoings.
Our attorneys handle cases in arbitration proceedings for both individuals (typically employees and investors), and organizations (such as smaller brokerage firms and investment advisors). This multifaceted role keeps our firm at the forefront of legal developments, and allows us to provide more comprehensive legal counsel, by ensuring that we navigate complex disputes with a full grasp of the unique challenges faced by both industry professionals and investors.
KlaymanToskes handles a variety of different securities employment-related matters, including the following:
A wrongful termination based on false or misleading allegations can significantly impact the possibility of future employment opportunities within the securities industry. In such instances, a financial advisor may have grounds to pursue a defamation claim against their former broker-dealer. Advisors may have a claim for monetary compensation and/or request an order to expunge or amend the termination rationale from their CRD (Central Registration Depository) records. Our highly skilled legal team advocates on the behalf of financial advisors to ensure fair and just resolutions in these intricate and sensitive matters.
Financial professionals may file compensation claims against their employers, including disputes related to salaries, bonuses, hiring incentives, and employer contributions toward loan repayments. These disputes require experienced legal representation to ensure that professionals receive fair and just compensation for their contributions, while safeguarding their financial well-being and professional reputation.
Promissory Notes commonly known as Employee Forgivable Loans, are often offered to financial advisors as part of their recruitment package, or as a retention incentive. Conflicts surrounding these “up-front” loans generally arise when an employee resigns or is terminated, and the broker-dealer demands repayment of the loan. If the representative refuses to repay the loan, the firm may file a FINRA arbitration claim. These cases are often linked to the reasoning behind the advisor’s departure from the firm, and they often hinge on whether the broker-dealer fulfilled its commitments to the advisor, or if there were misrepresentations during the recruitment process.
Our firm represents securities professionals in cases involving false, misleading and/or defamatory information disclosed on their professional records. When filing a Form U-5, a brokerage firm must report the reason for discharging an employee, and indicate whether the employee was terminated, voluntarily left, or was permitted to resign. False or defamatory information on a Form U-5 can have severe consequences for a broker/investment advisor, such as damaging the advisor’s reputation and significantly impeding future employment prospects. In cases where an advisor suspects that a firm has provided inaccurate information regarding their departure, a FINRA arbitration dispute may assist in the modification or removal of the U-5 report.
The majority of employment-related conflicts within the securities industry involving employees and their employers are resolved through arbitration panels established by the Financial Industry Regulatory Authority (“FINRA”). However, we also arbitrate cases before various forums such as the American Arbitration Association (AAA) and the Judicial Arbitration and Mediation Services (JAMS).
Securities industry professionals involved in employment-related disputes should know that our firm possesses extensive experience and a compassionate understanding of their unique circumstances. With our dedicated team by your side, you can confidently navigate the complexities of your case and pursue the resolutions you deserve.
If you have been wrongfully terminated, experienced unpaid compensation, or faced employer violations, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
Read more about KlaymanToskes’ investigations of securities industry employment disputes: