Broker Registration Problems
Solving Broker Registration Problems
Getting Licensed in a New State ◊ New York Attorney Practicing Nationwide
Negative information on your public record can make it difficult to become a fully registered and licensed broker in a new state. An experienced lawyer can help you persuade the state regulatory agency to let you practice your profession. This may involve argument, and it may involve compromise. But in most cases, it can be done.
- In some instances, the information that the state agency takes issue with is false. In that case, we may be able to have it expunged from your record.
- If that isn’t a viable option, we can argue before the agency in charge of that state’s licensing for brokers. We show them why you should be registered by explaining how the complaints against you have no merit, if that is the case.
- If the state still has concerns, we can request, with your firm, that you be placed on “heightened supervision” — a temporary compromise that allows you to trade while you prove, by your actions, that you are a trustworthy broker. Or you may have to accept restrictions on your ability to sell certain products.
The ultimate goal is to see that you are properly registered and allowed to solicit customers within the state of your choosing.
Over 35 years of Experience ◊ Nationwide Reputation for Excellence
Attorney David E. Robbins has practiced in securities regulatory law for over 35 years. He is the author of the Securities Arbitration Procedure Manual — the definitive textbook on which law schools, law firms and brokerage firms across the country depend.
He is a former Special Deputy Attorney General in the Securities Bureau of the New York Department of Law, with criminal and civil authority. He then served as director of the Compliance Department and Legal Regulatory Division of the American Stock Exchange. He can handle any broker registration problem because he has a rarely matched understanding of the regulations and expectations you face.