We Assist Brokers In Avoiding TROs, Neutralizing Non-Compete Agreements & In Obtaining Unpaid Compensation

The Iavarone Law Firm specializes in representing brokers who are transitioning between firms who are burdened with non-solicitation agreements and forgivable loans.

(Representative Arbitration Awards Are Listed Below)

Our first priority is providing you with a comprehensive plan for a smooth and speedy transfer of assets free from interference from your former firm. To accomplish this goal we have developed a procedure to insure that the transfer occurs without violating any regulatory rules or compliance procedures.

We employ a two-prong strategy to prevent your firm from obtaining a TRO and/or from obtaining damages for violation of non-solicitation agreements. First, we work with you to remove the grounds that justify a courts to issue a TRO. Second, we lay the ground work for minimizing any claim your firm may have for claiming lost income damages in a FINRA or NFA arbitration. We have been highly successful implementing this strategy. None of the brokers represented by The Iavarone Firm have been the subject of a TRO.

If necessary we also develop a strategy to reduce any forgivable loan that is outstanding.

When an arbitration claim is filed, aggressively present you case . As the Reporter who witnessed Nick cross-examine a brokerage firm supervisor in successfully defeating a motion for a TRO:

While we can employ the strategy on short notice, the optimum time-frame is four to six weeks prior to anticipated move.

FINRA Arb. No. 08-03070 involved a claim for in excess of $750,000 on a forgivable loan. The arbitration panel ruled that the broker had to repay zero dollars on the forgivable note he had signed.

FINRA Arb. No. 06-01261 involved a claim for back-end compensation as well as a claim for sexual harassment. The broker had sold a large piece of business and a campaign of harassment to force her to leave before the back end compensation vested. In the ensuing arbitration, Nick obtained the broker’s entire $260,000 in back-end compensation plus $200,000 for sexual harassment as well as $80,000 in attorney’s fees.

FINRA Arb. No. 04-00256 involved the filing of a false U-5 in which The Iavarone Law Firm recovered $830,000 in compensatory damages and $1.3 million in punitive damages.

FINRA Arb. No. 97-00018 was a marathon and reflects the tenacity with which Nick represents his clients. The case began when the broker left and his former firm stopped the ACATS transfers in mid-stream. Nick went to court, obtained a TRO that required the firm to honor the ACATS transfers and successfully resisted an attempt by the firm to remove the case to federal court and convinced the court to force to firm to pay Nick’s fees. Then, Nick filed an arbitration and obtained an award that compensated the broker for his lost income while the ACATS transfers were blocked, punitive damages as well as attorney’s fees and a disciplinary referral of firm. The case was featured in Registered Rep Magazine. Read the entire article here.

The Iavarone Law Firm
33 N. LaSalle Street
Suite 1400
Chicago, Illinois 60602
Phone: 312.637.9466
Fax: 800.417.0580

Broker References

Contact some of our broker clients by clicking here.

Read About The Transition of One Of Nick's Clients From UBS Here.

As A Reporter Who Watched Nick Cross-Examine A Brokerage Firm Supervisor Wrote:

"Iavarone was merciless in his cross examination of Fournier. His principal point was that there never were any such client files in the Galesburg office. While Fournier firmly maintained that the records existed and were missing Iavarone attempted (with no small degree of success) to demonstrate that many of the specifics which led to Everen's allegations were based on assumptions made by Fournier or on non-representative anecdotal or hearsay evidence."

To view the entire article click here.

Click On The Book Cover To Read An Excerpt About Nick’s Prosecution Of A Notorious Mob Hit Man

“With Harry under indictment for murder, rumors were rife that outfit bosses had imported a hit squad from California to take out Iavarone . . .”