Michael A. Valenti is licensed and admitted to practice law in all federal and state trial courts in Colorado. He and his law firm, Valenti Hanley PLLC, maintain a comprehensive securities law practice that is national in scope. Many “niche” securities law practices focus on only one aspect of securities law, such as representing investors who have claims against broker-dealers where they have invested money. Mr. Valenti and his team offer a much broader array of legal services in the securities law arena. Through his almost 30 years of practice experience representing both individuals and businesses, Mr. Valenti has acquired invaluable knowledge that covers myriad securities law issues. His in-depth knowledge and experience allow Mr. Valenti to bring a unique perspective to each client’s securities law issue. Finally, and perhaps most importantly, Mr. Valenti and his team have obtained favorable results for his clients, which have been the subject of news articles in national and local publications. More information about the services offered by Mr. Valenti and his team in securities law matters and his track record of results is provided below.
Representing Financial Advisers In Disputes With Their Broker-Dealers
Mr. Valenti and his team represent financial advisers in a variety of disputes with their broker-dealer employers, including claims under employment agreements, promissory notes and in compliance-related matters. One fairly common situation involves unsavory recruitment tactics engaged in by broker-dealers. Broker-dealers often make promises to financial advisers to entice them to leave another firm and take their clients with them. So-called “upfront” money is paid to induce financial advisers to leave their existing firm. As a condition to receiving the money, however, the financial adviser must sign a promissory note agreeing to repay the “upfront” money if he or she leaves before a specific period of time. Often, broker-dealers don’t keep the promises made at the outset to entice the financial adviser to move, leaving the adviser in an untenable position at the new firm. Broker-dealers who break their promises or engage in other unsavory recruitment practices should be held accountable, and Mr. Valenti has experience in doing so.
Holding Financial Advisers And Their Firms Accountable
Some financial advisers take inappropriate actions with their clients’ money. Mr. Valenti and his firm represent domestic and international investors with securities-related claims in federal and state courts, and with arbitration claims before the Financial Industry Regulatory Authority (“FINRA”) as well as other private arbitration bodies. Among the claims handled by Mr. Valenti and his firm against both national and small firms are:
- Churning accounts or excessive trading
- Unsuitable recommendations (suitability)
- Statement/account reviews
- Negligence/failure to disclose risks
- Unauthorized transactions
- Breach of fiduciary duty/fraudulent conduct
- Failure to supervise agents of broker-dealers
Offering And Registering Securities
The U.S. Securities and Exchange Commission and the Colorado Division of Securities regulate the offering, registration and sale of financial products or instruments to residents of or from the state of Colorado that fall within the broad definition of “securities.” Mr. Valenti and his team represent corporate and individual clients involving their rights and duties in the issue, offering, registration and sale of securities, including:
- Preparing private placement memoranda, subscription agreements and other legal documents on behalf of businesses and individuals involved in the issuance, offering and sale of securities
- Counseling clients on risk disclosure language in securities offering memorandum
- Actions for fraud or misrepresentation brought pursuant to Section 10(b)(5) of the federal Securities Act of 1933 and Colorado securities statutes
- Actions relating to the offering or sale of oil and gas interests
- Injunction actions seeking to stop the offering or sale of securities
- Actions for failing to register securities
- Actions for failure to register as a broker/dealer or agent authorized to sell securities
- Compensation issues over issuer/agent status and commissions paid
In the most serious of cases where criminal conduct has been alleged, Mr. Valenti represents clients in white collar criminal proceedings in state and federal court involving alleged securities fraud.
Information About Mr. Valenti And His Achievements
Michael A. Valenti is a native of Cleveland, Ohio. He received his undergraduate degree from the prestigious College of the Holy Cross in Worcester, Massachusetts, and obtained his law degree from American University’s Washington College of Law located in Washington, D.C. Michael has over 31 years of experience as a practicing attorney. Mr. Valenti’s law firm of Valenti Hanley PLLC is based in Louisville, Kentucky, but Michael has been admitted to practice and has practiced cases in federal trial level and appellate courts located in numerous jurisdictions.
Mr. Valenti’s securities law practice is national scope. He has represented clients in securities-related arbitration proceedings before FINRA and its predecessors and in civil cases in jurisdictions around the country. Articles about Mr. Valenti’s cases have appeared in numerous publications, and he had been invited by academic institutions to speak on securities law matters. Links to some of the articles in which Mr. Valenti is quoted and cases in which he was involved appear below:
In June of 1998, Mr. Valenti was admitted to practice before the United States District Court for the District of Colorado. In March of 2015, Michael was admitted to practice in all state courts in the State of Colorado. Michael is a member of the Colorado Bar Association and the American Bar Association. He is frequently in Colorado for both business and personal reasons. He has had two sons graduate from Regis University in Denver and is familiar with all parts of Colorado, not just the Denver metro area.
Mr. Valenti has a proven track record of success in securities related matters. In February of 2016, he successfully represented a financial advisor who was being sued under by a large Wall Street bank to recover over $215,000 allegedly owed under a promissory note in an arbitration proceeding before the FINRA. Mr. Valenti asserted a Counterclaim in that FINRA proceeding relating to false and misleading recruitment practices engaged in by the Wall Street firm towards his client. The Arbitration Panel ruled that Mr. Valenti’s client did not have to re-pay any money under the promissory note and that the Wall Street firm owed the financial advisor $300,000 plus interest based upon its wrongful recruiting practices. This case attracted national and local media attention, with articles about the case appearing in the Wall Street Journal, Louisville Business First, and trade publications concerning the financial services industry.
The Wall Street Journal article about the case described the result as a “rare win” for a financial advisor against a Wall Street bank in a promissory note case.
In February of 2018, Mr. Valenti obtained an Arbitration Award of close to $500,000 from a FINRA Arbitration Panel on behalf of an elderly client due to improper activities in her account by a regional brokerage firm and her financial advisor employed by that firm.
To learn more about how Mr. Valenti and his firm can defend your interest in the offering of securities, please contact Mr. Valenti today through the client inquiry portal on the website of Valenti Hanley PLLC at www.vhrlaw.com or toll-free at (866)-617-6209.