- Unsuitability: Financial professionals are required to make investment recommendations that are suitable for a client’s individual financial situation and goals.
- Churning: It is forbidden for brokers buy and sell securities for the primary purpose of generating commission.
- Unauthorized Trading: Buying or selling investments without permission.
- Breach of Fiduciary Duty: Any action by a trusted financial professional that is contrary to the best interests of the client is prohibited by FINRA and the Securities and Exchange Commission (SEC).
- Failure to Supervise: Financial firms are responsible for overseeing the actions of their representatives. If a firm fails to properly supervise its employees, it can be held liable along with the individual broker or advisor.
FINRA arbitration is a fair, efficient, and effective way to resolve disputes among investors, brokerage firms, and individual brokers. It is a formal alternative to litigation that is often a faster and less expensive way to resolve issues and recover damages. That said, arbitration is a complex process that should be navigated with the assistance of an experienced securities lawyer. About Silver Law Group
Silver Law Group is a team of securities lawyers, forensic accountants, and support staff who are dedicated to helping investors recover losses through securities arbitration and litigation.
The firm is led by Scott Silver, a former Wall Street defense attorney who has been representing customers in securities and investment fraud cases since 2002. Scott is admitted to practice in New York and Florida and the firm’s FINRA arbitration attorneys represents investors nationwide. About Scott Silver, Managing Partner
Scott Silver has extensive experience in arbitration before the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the American Arbitration Association (AAA).
After receiving a degree from the University of Miami School of Law in 1996, Scott joined the Wall Street law firm Gusrae Kaplan. Founded by a former chief attorney of the SEC’s division of enforcement, Gusrae Kaplan has twice been listed as one of the nation’s “Most Feared Law Firms.”
It was there that Scott learned the strategies brokerage firms employ to defend themselves against legitimate investor claims.
Frustrated by the misconduct he saw and armed with this powerful knowledge of Wall Street’s inner workings, Scott relocated to South Florida in 2002.
By 2011, Silver Law Group’s team of securities arbitration lawyers were representing investors against the same institutions Scott had once been retained to protect, recovering millions of dollars through arbitration and litigation for investors throughout the United States and around the world. Author, Lecturer, and Advocate
Scott lectures at law schools, industry conferences, and investor rights groups around the country. He has authored numerous articles about investors and the arbitration process, and he is a regular commentator in leading publications, including a widely-accepted primer on the SEC’s new Whistleblower program.
Scott is the recipient of a Martindale-Hubbell Preeminent “AV” Rating. It is the highest rating given for general ethical standards and legal ability – awarded by his peers.
A frequent speaker and commentator on investor rights, Scott has been the chair of the American Trial Lawyer’s Securities and Investment Fraud Group since 2013. He is also a member of the Public Investors Arbitration Bar Association, the Multi-Million Dollar Advocates Forum, and Entrepreneurs’ Organization.