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Practices + Industries

Securities

Overview

Turner Padget attorneys frequently represent institutional and individual clients in securities matters, including proceedings before the Securities and Exchange Commission (SEC), District Court actions brought by the SEC, and private state and federal securities actions.  Firm attorneys have handled matters throughout the state in each of the firm’s five offices.

We have represented a wide variety of businesses, investment professionals, insurance professionals, and other individuals in lawsuits and arbitrations including Financial Industry Regulatory Authority (“FINRA”) arbitrations.  These representations have arisen from the purchase and sale of stocks, bonds, and insurance products, as well as the investment advice provided to retail clients.

Specifically, Turner Padget's lawyers have successfully defended clients in securities matters in South Carolina state and federal courts as well as in FINRA and AAA arbitration.  We have represented licensed securities dealers in breach of fiduciary duty claims and employment related litigation.  Turner Padget is often called upon to advise and represent investment advisors as well as investment managers regarding both discretionary and non-discretionary investments and investment advice.

In addition to the area of state and federal securities law, members of the group have knowledge and experience in the related areas of accounting, banking, taxation, business structures and transactions, as well as criminal prosecutorial and defense work.

We serve our clients in the following areas:

  • Prosecution and defense of shareholder’s derivative actions
  • Investor litigation
  • Claims of securities fraud or professional negligence by accountants, brokers, attorneys, etc.  Defense of investigations or actions by SEC or State Attorney General
  • Counseling through government investigations

Representative Engagements

  • Convinced state and federal law enforcement not to prosecute, or to defer prosecution of, suspected cases of securities fraud.
  • Advised accountants throughout state and federal criminal investigations and related SEC investigations related to financial failure of a publicly traded company.
  • Represented licensed securities dealers in federal court and before a FINRA arbitration panel in claims related to a change in their employment.
  • Defended stockbrokers against claims of negligent investment advice.
  • Defended a seller of investment opportunity against investigation by the State grand jury and the State Attorney General’s office.