Matt Fiorovanti Successfully Defends Broker-Dealer Against Fraud Claims
April 12, 2019Matthew N. Fiorovanti, Esq. successfully defended a broker-dealer against claims for fraud and other wrongs in connection with a private placement transaction during a FINRA arbitration. The arbitration panel rejected the claimant’s claims based on the disclosures of risk contained in the private offering memorandum, subscription agreement and elsewhere. The claimant could not simply ignore these numerous representations and could not successfully argue that he believed that the documents were merely “legalese” documents that no one was expected to actually read. Notwithstanding the arbitration panel’s correct ruling in this matter, broker-dealers must be careful to ensure that their brokers comply with all applicable FINRA rules regarding disclosures and statements to customers regarding the risks associated with certain investments. Mr. Fiorovanti is able to assist in connection with ensuring that broker-dealers comply with such rules and to assist broker-dealers with all other compliance issues, as well as defending against FINRA arbitrations.
Posted in: Litigation