SEC/NASD Investigative Matters

Issues often arise when typically high dollar/volume producers either move to another firm or are recruited by a competing firm.  Instances of a broker working a customer’s account sometimes brings with it expectations of growth and value. 

Tauber & Balser, P.C. is uniquely positioned to assist in both the development of and defense of these matters.  Our Forensic Accounting Services Team has the tools, experience and support available to identify and focus attention on the key issues of a case.  We can assist in calculating damages due to:

• Broker raiding or poaching
• Churning
• Loss of account value
• Conversion

As forensic accountants, our investigative mindset and understanding of broker/dealers and industry practices enables us to analyze the documents that might either make or break the case. 

As certified public accountants, we have a comprehensive understanding of business operations that enables us to deal with highly complex accounting, financial and technical issues in any industry regardless of the severity or nature of the loss.

Our understanding of the financial, accounting and loss issues that need to be addressed enables us to prepare or review a claim for loss that will stand up in court or an NASD panel as fully documented, reliable and verifiable to a reasonable degree of accounting certainty.

The following are representative SEC/NASD investigative matters in which personnel of Tauber & Balser, P.C. have been engaged:

• Expert in matter in which Petitioner sought damages for alleged churning of account.  Was able to successfully demonstrate to arbitration panel that Petitioner was knowledgeable in trades being made on his behalf.
• Expert in matters involving claims for lost profits upon the departure of a brokerage team from a firm.  Matters involved culling through various revenue and profitability reports in order to produce charts and illustrations on opinion of damages sustained.
• Expert to Respondent’s counsel in matter involving claim for loss of account value due to unauthorized trades being made within Petitioners account.  Assisted counsel in settlement of matter after discovering errors in Petitioners expert’s report.

For further information contact:

Paul Dopp                  404-814-4988
Richard Millman         404-814-4905
Mark Murovitz           404-814-4940
Howard Zandman       404-814-4915