Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Unsurpassed Industry Experience
From our office in Chicago, Illinois, the attorneys at Lewitas Hyman have unsurpassed experience with financial services matters gathered from over 55 collective years of advocating on behalf of financial advisors, other financial professionals, the world’s largest financial institutions and investors.
Our top-tier lawyers’ experience derives from working as senior enforcement attorneys at the United States Securities and Exchange Commission, in senior in-house counsel and business positions at Morgan Stanley, UBS Financial Services and EVEREN Securities, and as attorneys at the world’s largest law firms. Our core values include putting the client first and providing cost-effective counsel coupled with professional and aggressive advocacy.
Our attorneys know the ins and outs of the financial services industry. We are regularly retained to provide counsel on, and when necessary, handle litigation and arbitration relating to, a wide array of matters impacting the financial services industry:
- Investment losses caused by alleged financial advisor misconduct
- Investment losses caused by alleged securities fraud and Ponzi schemes
- Margin account losses
- Wrongful termination, defamation and other employment matters for financial services professionals
- FINRA, SEC, state and CFP Board investigations and regulatory compliance
- CRD, Form U4, Form U5 and Form ADV disclosures
- Expungement of CRD, Form U4 and Form U5 disclosures
- Promissory and forgivable notes
- Deferred compensation
- Financial advisor and team transitions (protocol and non-protocol)
- Non-competes, non-solicitations and garden leaves for financial services professionals
- RIA formation and compliance
Representing Financial Professionals • Representing Financial Institutions • Representing Investors
We counsel financial advisors, registered representatives, financial planners and other financial professionals on employment-related matters, including CRD, Form U4/U5 and Form ADV disclosures, expungement, wrongful termination, employment discrimination, firm transitions, deferred compensation, non-competes, non-solicitations, garden leaves, promissory and forgivable note obligations, and regulatory investigations involving the SEC, FINRA, state, other SRO regulators and the CFP Board.
We represent financial institutions in litigation and generally advise on employment matters, financial advisor transitions, Form U4/U5 and Form ADV disclosures, customer claims involving alleged investment losses and other misconduct, promissory and forgivable notes, and investigations involving the SEC, FINRA, state, other SRO regulators and the CFP Board. We also are frequently engaged to provide compliance-related advice, trade reviews and to conduct internal investigations.
We advocate for investors who suffered losses due to the misconduct of financial advisors, firms, and other professionals who recommended unsuitable investments and trading strategies, breached contractual and fiduciary duties, perpetuated Ponzi schemes, or engaged in fraud, theft, churning, unauthorized trading, overconcentration, financial abuse of seniors, and other forms of improper account management.
Chicago Securities Law Blog
FINRA developing new proposals regarding remote work rules
New plans are being developed by the Financial Industry Regulatory Authority...
Wells Fargo agrees to pay $1 billion to settle class-action lawsuit
A settlement has been reached in a class-action lawsuit brought by...
FINRA plans to update rule setting $100 limit on broker-client gifts
Changes are in store for the Financial Industry Regulatory Authority’s rule...
Growth of RIAs among main topics at conference of financial advisors
Financial advisors gathered for discussions on the future of their industry at...
CFP Board announces public sanctions against 22 certified financial professionals
The Certified Financial Planner Board of Standards has announced public...
Goldman Sachs to pay $215 million to settle lawsuit alleging discrimination against women
A settlement has been reached in a class-action lawsuit that alleged Goldman...
SEC charges 2 broker-dealers with widespread record keeping failures
The Securities and Exchange Commission announced that it has charged two...
FINRA requests comment on rule changes involving capital formation
The Financial Industry Regulatory Authority says it is requesting comment on...