Joel Beck

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About The Beck Law Firm, LLC

  • Joel Beck, a former NASD Department of Enforcement lawyer, formed The Beck Law Firm, LLC in 2007. Joel's practices focuses on three main areas: 1) broker-dealer and registered investment adviser regulation/compliance, regulatory investigations and enforcement actions, and arbitration cases, 2) business formations and small business legal needs, and 3) basic estate planning.

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  • The Beck Law Firm, LLC and Joel Beck, the author of this blog, provide this material for informational purposes only. While we believe the content to be accurate, we make no guarantee to that effect. Use of this blog does not create an attorney/client relationship and The Beck Law Firm, LLC does not represent you unless and until we have entered into a written representation agreement. The hiring of an attorney is an important decision and should not be based upon advertisements, including websites and blogs. Please contact us for additional information about our qualifications before making a decision.

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  • I welcome comments on most postings, and like to keep the discussion going. Comments are moderated and will not post until publisher review. Comments that don't relate to the topics and subject matter of the blog, and seek only to provide links for other websites, will not not be published. The Beck Law Firm, LLC and Joel Beck are not responsible for contents of the published comments, and do not necessarily share the same views as the commenter.

« Time To Be Responsive | Main | FINRA Arbitration Seeks to Change Numbers of Arbitrators in Certain Cases »

September 30, 2008

Comments

Fantastic series of articles and very helpful in my practice. Many thanks

What if you received a letter from FINRA in regards to your former brokers preliminary investigation and are a former unlicensed 'Associated Person' of a firm (that is no longer operating) and they are requesting copies of finances and other records on a personal level?? Are you obligated to cooperate?

Maggie: Thanks for the comment, and thanks for reading BDLawBlog.com. The answer to your question really depends on the specifics of your situation, including whether FINRA still maintains jurisdiction over you. If so, then your failure to respond could subject you to disciplinary action, including a bar from association with a B/D in the future. It is not unusual for FINRA to ask reps or associated persons to provide items that relate to personal transactions, including personal financial information. I recommend that you consult with a securities lawyer familiar with regulatory investigations to advise you whether you are obligated to respond, and how best to proceed, based on the specifics of your situation. Joel

Hello,
I received a letter from FINRA a few months ago requesting an appearance next month regarding an old account. I have not had access to the account for almost four years. I have no plans of staying in the security industry as I have not been with a registered firm for almost 15 months. I recently started a new job working for a company that has an investment division. I don't sell securities. Would my job be in jeopardy with my current employer? I am not registered with my current employer and not sure if not showing up for the meeting will have any effect on my current job. Thank you.
P.S. Are they allowed to call you three times a day? I feel like it is borderline harassment.

Thanks for your comment. Whether a FINRA action would affect your current position is something I can't comment on as I don't know all the facts. I recommend that you consult legal counsel to get advice specific to your situation. Feel free to call my office if you'd like to do so. Thanks for reading BDLawBlog.com.

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