The SEC is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation.
Eversheds Sutherland is pleased to announce that the firm successfully defended registered representative David Tysk in an appeal to the United States Securities and Exchange Commission of a disciplinary proceeding brought by Financial Industry Regulatory Authority.
In 2013, the firm was hired to defend Mr. Tysk against FINRA’s charges that he acted unethically and violated arbitration procedures. Before this successful appeal, FINRA had ordered him to pay a $50,000 fine and suspended him from the securities industry for one-year, essentially ending his career in the securities industry.
After several years of appeals, including two appeals to the SEC, the SEC found in favour of Mr. Tysk, overturning FINRA’s findings.
Eversheds Sutherland Partner Brian Rubin led the team with support from Litigation Partner Lee Peifer.
Eversheds Sutherland Overview
As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 70 of the Fortune 100, 61 of the FTSE 100 and 128 of the Fortune 200.
With more than 3000 lawyers, Eversheds Sutherland operates in 68 offices in 32 jurisdictions across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalised alliances in Latin America, Asia Pacific and Africa, provide support around the globe.
Eversheds Sutherland provides the full range of legal services, including corporate and mergers and acquisitions; dispute resolution and litigation; energy and infrastructure; finance; human capital and labour law; intellectual property; real estate and construction; and tax.
Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland LLP and Eversheds Sutherland LLP, and their respective controlled, managed, affiliated and member firms.