Broker-Dealer, Securities and Life Insurance Product Litigation

Stevens & Lee’s team represents broker-dealers, life insurance companies, registered investment advisers (RIAs), banks, trust companies, hedge funds, SEC registrants, directors and officers of publicly traded companies and other financial professionals nationwide in all manner of claims relating to the sale and purchase of securities and life insurance products. Our team is led by William P. Thornton, Jr., a Series 7 licensed, 28-plus year practitioner who has successfully represented industry leaders and individuals in more than 350 investment management, life insurance product and other claims and investigations, including regulatory investigations and enforcement matters, and Julie E. Ravis, an experienced litigator who has represented financial services clients and registered individuals for over 15 years.

Our securities and life insurance product litigators defend financial services firms and individuals in all manner of disputes, including sales practice, suitability, fiduciary duty, churning, commission, market conduct, asset allocation, trustee and statutory-based claims. We have achieved successful trial verdicts, obtained early case dismissals of frivolous claims and negotiated favorable settlements on behalf of national and regional broker-dealers, Fortune 100 life insurance companies, investment managers and registered individuals.

Stevens & Lee frequently defends broker-dealers, RIAs and registered individuals in SEC, FINRA and state securities commission investigations and enforcement actions. In connection with regulatory and SRO defense, we often defend firms and individuals in insider trading inquiries, alleged securities law violations, sales practice matters and all manner of allegations concerning supervisory oversight.

In this national practice, Stevens & Lee has represented financial firms and professionals in claims and investigations in California, Pennsylvania, Florida, New York, New Jersey, Connecticut, Massachusetts, New Hampshire, Maryland, Delaware, Georgia, North Carolina, Virginia, West Virginia, South Carolina, Alabama, Tennessee, Louisiana, Arizona, New Mexico, Nevada, Texas, Washington, Minnesota, Missouri, Wisconsin, Utah, Nebraska, Colorado, Ohio, Michigan, Illinois and Hawaii. In certain jurisdictions, we work with local counsel and have a 100% success rate at obtaining admission pro hac vice to represent our clients’ interests.

Our representative clients include MassMutual, MML Investors Services, Wells Fargo, Oppenheimer Funds, Voya Financial, Janney Montgomery Scott, One Beacon Insurance Company, National Life, Equity Services, Haverford Trust Company, Haverford Trust Securities and multiple regional banks, broker-dealers and registered investment advisers.

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