Authors: John Monical and Theodore Harman SITUATION: A futures commissions merchant (“FCM”) sued the employee (“Employee”) of an introducing broker (“IB”) who placed losing trades in the IB owner’s account, causing greater than a $1 Million debit balance. The FCM claimed that the Employee recklessly ignored intraday margin procedures, interfering with the contractual relationship between […]
SITUATION: Our firm was hired by a large law firm and its private equity fund client to serve as regulatory counsel for the fund’s proposed acquisition of a broker-dealer and investment advisory firm. The transaction was in the planning stage. STRATEGY: Based on our regulatory and compliance experience, we assisted our clients in conducting the […]
SITUATION: Our private equity fund manager client was the target of a whistleblower complaint filed with a federal regulator by a disgruntled former employee. Allegations included bribery of domestic and foreign public officials, and improper treatment of travel and entertainment expenses. The regulators commenced an enforcement investigation, and issued several subpoenas. STRATEGY: Lawrence Kamin attorneys […]
Lawrence Kamin served as local and co-counsel in its defense of an insurance company in nationwide class action securities litigation involving limited partnership investments. While the litigation was consolidated in Chicago, our attorneys handled ancillary proceedings brought in multiple jurisdictions, allowing our insurance company client to recoup its claim payments.
Our firm represented options traders in a nationwide investigation of short sale activity. We skillfully defended the traders in related investigations and subsequent proceedings brought by exchanges and self-regulatory organizations.
Our broker-dealer client was the subject of class action lawsuits and a related state regulatory investigation. Lawrence Kamin helped to craft an innovative resolution – one that favorably settled both the civil and regulatory components.
FINRA had informed Lawrence Kamin’s registered representative client of its intent to commence enforcement proceedings. Our attorneys’ Wells submission on the client’s behalf convinced FINRA to close the investigation without charges.
In an investigation conducted by the SEC’s New York Office centered on disadvantaging customer orders, Lawrence Kamin effectively counseled a Chicago-based broker-dealer, minimizing regulatory penalties.
When the Chicago commodity exchanges enhanced its market manipulation and spoofing surveillance program and initiated a wave of spoofing cases, Lawrence Kamin helped several futures traders avoid significant sanctions in some of the earliest of the exchange’s investigations.
Lawrence Kamin defended a broker-dealer and its compliance and trading personnel in a self-regulatory organization investigation involving rapid order entry. Our attorneys negotiated undertakings into the settlement that satisfied regulatory concerns, allowing the broker-dealer and its personnel to maintain their licenses and continue in business.
