Broker Dealer

Butzel Long's attorneys regularly counsel broker-dealer firms, traders, investment banking firms, investment managers, and investment specialists. We advise on tax implications of certain financial instruments and derivative transactions, and we represent broker-dealers in litigation and in arbitration proceedings before the NASD (now FINRA), the Municipal Securities Rulemaking Board, and the American Arbitration Association.

Our services include advice and assistance with:

  • Broker-dealer organization and registration forms, including Form BD assistance
  • Fee-based programs and soft dollar arrangements
  • Commission and finder arrangements
  • Selling group and securities distribution agreements
  • Ongoing compliance issues
  • Regulatory investigations and proceedings
  • Introducing and clearing arrangements
  • Underwriting and financial consulting arrangements and
  • 15c2-11 applications.

Representative clients include Beech Hill Securities, Cantor Fitzgerald, Fahnestock, National Securities Corporation, J.T. Moran & Company, Prudential Securities, Reich & Company, and Wedbush Securities.

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  • Represented a registered representative in a selling away action