Philip Snyderburn
Snyderburn, Rishoi & Swann, LLP

Topic: 8 Ways That You Can Be Barred From The Industry

A.  The Securities Regulatory Scheme

      1.   Securities and Exchange Commission (“SEC”)

      2.   Financial Industry Regulatory Authority (“FINRA”)

      3.   State Regulation (“Blue Sky”)

      4.   Why the Insurance Industry Received a Hall Pass.

B.  The Eight “Guaranteed” Ways to be Barred from the investment industry
      1.   Churning and Switching.
      2.   Communications with the public – false or misleading advertising.
      3.   Borrowing or lending with customers.
      4.   Exercising Discretion.
      5.   Selling Away from the Firm.
      6.   Forgery and falsification of records.
      7.   Fraud/Misrepresentation/Omissions.
      8.   Unsuitable recommendations and breach of fiduciary duty.

Biography
“Since 1984, Snyderburn, Rishoi & Swann has represented investors, corporations, brokers, and brokerage firms with various civil and regulatory issues involving federal and state securities laws.  We represent investors in disputes with their brokers or advisors.  We also represent securities brokerage firms, securities brokers, and investment advisors as defense counsel when they have customer disputes or problems with government regulators such as the SEC or FINRA.”