Securities Litigation and Compliance

Securities Transactions and Reporting

PAA advises publicly reporting companies, private entities, and entrepreneurs regarding the complexities of securities offerings, compliance, and mergers and acquisitions. Our corporate and securities attorneys, Anthony R. Paesano and Devin W. Bone, have over 30 years of collective experience advising clients on the obligations imposed on companies by the Securities Act of 1933, Securities Exchange Act of 1934, and related state “blue sky” laws and regulations.  

Capital raising though private and public offerings is a cornerstone of PAA’s securities practice.   Mr. Bone regularly advises clients on all aspects of Regulation D offerings, crowdfunding, and other mechanisms provided under federal and state securities laws for private capital raising.  Additionally, PAA has a proven track record of aiding clients in “going public” through initial public offerings or registration statement filings with the Securities and Exchange Commission (“SEC”).  Our publicly reporting clients are provided guidance on annual and quarterly disclosure obligations, insider transactions, Regulation FD disclosure obligations, option and other equity-based compensation plans, spin-offs, going private transactions, and other corporate restructurings or transactional events.  PAA also assists clients in complying with the requirements of the Financial Industry Regulatory Authority (“FINRA”) and national securities exchanges.   

Securities Litigation

Should disputes with shareholders or government agencies arise, PAA is equipped to efficiently defend companies in litigation, arbitration, or investigations.  Mr. Bone is an experienced securities litigator who has handled arbitrations and trials throughout the United States.   He regularly defends shareholder disputes involving allegations of fraud, misrepresentation, breach of contract, and claims under the Securities Act and states’ consumer protection laws.   PAA also regularly defends investigations initiated by the SEC, FINRA, or state regulatory agencies.  We defend disputes aggressively, but in a manner that is cost-effective for our clients.  PAA understand that funds spent in litigation are better spent in implementing our clients’ business plans.

PAA also handles disputes involving brokers, broker-dealers, and registered investment advisers before the Financial Industry Regulatory Authority (FINRA) and enforcement investigations by SEC and state regulators.  Mr. Bone has developed a specialized practice representing independent brokers and investment advisers in suitability cases and employment disputes before FINRA, while Mr. Paesano is a FINRA-approved arbitrator.