Can the regulatory authorities assist in recovering losses?
The regulatory authorities, such as the SEC, the NASD and state securities regulators, are in the business of enforcing their rules and regulations through disciplinary processes. They are not set up to help individual customers recover their losses, and efforts to enlist the assistance of regulators is often a source of significant delay. We do encourage our clients to cooperate fully with law enforcement authorities and regulators, and to report misconduct where appropriate, but such contacts should be done in consultation with the lawyer.
