State Regulatory Investigations - Transcript

State investigations are very similar to FINRA and SEC investigations but by a state regulator. They all have different names but they’re like the New Jersey bureau of Securities uh the New York state department of law uh securities division.

There are parallel proceedings and most people don’t really consider this, but if you get fined by FINRA for example state regulators are that you are registered so in states where you’re registered.

Those regulators will usually look at what the FINRA sanction was and then start asking you questions to see if they want to kick you out of their state for one reason or another.

So you can have multiple parallel proceedings so SEC FINRA and estate, the states have their own rules and again as with FINRA and the SEC if you don’t have a lawyer these regulators can’t speak to you and negotiate the way they do with lawyers.

They also know that you don’t know the procedures and you don’t know how to push back on them and you don’t know the limits of their power.

So it’s important to get a skilled state investigations lawyer like Maleki Law to help you through these proceedings to keep your licenses and registrations as clean as humanly possible.