Services for Brokers
We specialize in representing brokers in connection with routine licensing
matters, negotiation of employment contracts and arbitration of securities-industry
matters -- often with former employers -- before FINRA panels.
We have experience with both federal, state and industry licensing requirements
and how they impact your career as a broker. Whether you are actively
looking to transfer registration from one firm to another or you are looking
to “clean-up” some of the outdated information on your CRD,
Galluzzo & Arnone LLP can help. We also have particular expertise
in advising clients as to their reporting requirements following criminal arrests.
Bonus Agreements are the single biggest bone of contention between brokers
and the firms at which they work. We have reviewed numerous bonus agreements,
whether structured as a forgivable loan or a promissory note with a defeasance
schedule in a corresponding bonus agreement. If you are eligible for a
retention bonus at your current firm or a signing bonus at a new firm
you should strongly consider engaging the services of an attorney with
experience in these matters.
Brokers in Transition
There are a number of pitfalls associated with transitioning from one firm
to another. Before you decide to move from one firm to another, consult
with an attorney to determine the potentially over-arching implications
of your decision.
In the event you are brought before FINRA by a disgruntled client or a
former employer, Galluzzo & Arnone LLP has a team of litigators with
an excellent track record both in court and before FINRA. We have successfully
litigated one of the most high-profile FINRA arbitrations in recent years. Indeed,
G&J secured one stunning victory for a client in a FINRA arbitration
that Fortune magazine declared as "practically impossible." (Link to the article available