FINRA Investigations — To Joint Rep Or Not To Joint Rep?

Law360, New York (March 12, 2013, 12:38 PM EDT) -- Q: Do you understand that your counsel represents both the firm you work for and other individuals in this matter?

A: Yes.

Q: Do you wish to proceed?

A: Umm … yes?

This exchange, or something similar, should sound familiar to any lawyer who has been retained by a company to jointly represent it and those of its employees who have been called upon by the Financial Industry Regulatory Authority to provide on-the-record (OTR) testimony in connection with an enforcement investigation. While FINRA understandably asks the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.