Securities Brokerage Expert in SEC Rule 144 and 145

Case Description:

A securities brokerage expert was sought for a negligence case alleging reckless misrepresentation and unreasonable delay in action. Claimants attempted to sell stocks but were unable to sell due to restrictive legends intended to thwart insider trading. Defendants claimed the stock sales were prohibited due to SEC rules 144 and 145. Due to defendants' alleged reckless misrepresentation and unreasonable delay in action, plaintiffs were unable to trade the stock certificates until a time at which their value at market price had declined significantly.

IMS Expert Services was asked to locate a securities brokerage expert with experience working with restricted securities. Specifically, the expert was required to be familiar with SEC rules 144 and 145 and their implications.

Experts Presented:

  • This securities brokerage expert has more than 30 years of experience in broker dealer companies. His responsibilities have included compliance and maintenance of securities brokerage policies in accordance with regulatory requirements. This expert has traded restricted shares throughout his career and is deeply familiar with SEC regulations including rules 144 and 145. He has experience testifying as both a company representative on compliance issues and as an independent expert witness. IMS Reference #5027261

  • Investment Banking

    This expert in securities brokering has more than 30 years of experience in investment banking. His expertise includes investment strategies for private clients who are parties to mergers, IPOs and other transactions yielding share restrictions. His recent work entails providing advisory services to venture capitalists to identify strategies that afford maximum protection. This work frequently involves rule 144 and rule 145 restrictions as his clients invest in, buy, merge and sell companies. This expert has presented testimony at trial and before the U.S. Senate on various banking issues. IMS Reference #5027219

  • Broker Dealer

    This securities brokerage expert has more than 25 years in the investment industry. She has an extensive background in hands-on regulatory application with both buy-side and sell-side firms. She has worked as a broker dealer and as a director of compliance. This expert holds 6 regulatory licenses: Series 3, Series 7, Series 8, Series 24, Series 63, and Series 65. She is an acknowledged leader in investment adviser and broker dealer risk management, industry laws, regulations, compliance and due diligence procedures. This expert has offered testimony in criminal court, civil court, and arbitration. IMS Reference #5027294

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