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Brent Adam Burns

Brent Adam Burns

  • Stockbroker & Investment Fraud, Arbitration & Mediation, Securities Law...
  • Illinois, New Jersey, New York
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Summary

The focus of our practice is the representation of individual and institutional investors in arbitrations and litigations involving claims of breach of fiduciary duty, breach of contract, mismanagement, stock fraud, suitability, unauthorized trading, negligence and churning.

I also regularly represent those who work in the financial services regarding recruiting practices including issues relating to the Protocol for Broker Recruiting; non-solicit, non-compete and other restrictive covenants; customer privacy and other regulatory issues; best-practices for preserving a book of business through a transition; Form U5 negotiations; responding to FINRA inquiries; promissory notes; bonus disputes; team disputes; temporary restraining orders (TROs); expedited FINRA arbitrations; license transfers and related issues.

I represent brokers, traders, senior managers and officers regarding employment disputes such as discrimination, unpaid bonuses, retirement programs, severance packages, and forfeiture-for competition clauses for unvested stock.

I look forward to discussing your case with you.

Practice Areas
  • Stockbroker & Investment Fraud
  • Arbitration & Mediation
  • Securities Law
  • Employment Law
Fees
  • Free Consultation
Jurisdictions Admitted to Practice
Illinois
New Jersey
New York
Education
New York Law School
J.D. (1993)
New York University
B.A. (1990) | Economics/ Political Science
Professional Associations
Public Investor Arbitration Bar Association (PIABA)
Fiduciary Standards Committee Member
- Current
Public Investor Arbitration Bar Association (PIABA)
Member
- Current
Securities Litigation & Arbitration Committee of the New York State Bar Association
Member
- Current
State Bar of Illinois # 6239064
Member
- Current
New York State Bar # 2618361
Member
- Current
New York City Bar Association
Member
- Current
Public Investor Arbitration Bar Association (PIABA)
Self Regulatory Organization (SRO) Committee Member
-
Public Investor Arbitration Bar Association (PIABA)
Legislative Commitee Member
-
Publications
Articles & Publications
New FINRA Simplified Arbitration
New York State Bar Association - Securities Litigation & Arbitration
Delay in the Implementation of the DOL Rule will Harm Investors
New York State Bar Association - Securities Litigation & Arbitration
Speaking Engagements
Protocol for Broker Recruiting, Current Issues in Securities Dispute Resolution, Los Angeles, California
Public Investor Arbitration Bar Association (PIABA)
The fight between firms and departing brokers to retain a book of business is always a battle, and prior to the Broker Protocol, the firms almost always won, often to the detriment of the investor customer, who got caught in the middle of what amounts to a messy divorce. Recent developments, including the withdrawal by Morgan Stanley, UBS and Citibank from the Protocol, suggest that many of those battles between firms and financial adviser will get even messier.
Fundamentals of FINRA Arbitration, Fundamentals of Broker-Dealer Regulation, New York City
Practicing Law Institute
Brent was invited to speak at the Practicing Law Institute (PLI): "Fundamentals of Broker-Dealer Regulation," appearing on a panel with the FINRA Director of Dispute Resolution to discuss FINRA Arbitration.
Protocol for Broker Recruiting - New Developments and Ramifications, Current Issues in Securities Dispute Resolution: 2018, Marriott Los Angeles Airport
PIABA
The fight between firms and departing brokers to retain a book of business is always a battle, and prior to the Broker Protocol, the firms almost always won, often to the detriment of the investor customer, who got caught in the middle of what amounts to a messy divorce. Recent developments, including the withdrawal by Morgan Stanley, UBS and Citibank from the Protocol, suggest that many of those battles between firm and financial adviser will get even messier. The Broker Protocol was started in 2004 with four major broker?dealer firms, and is now endorsed by nearly 1,700 firms including many RIAs. This experienced panel discussed the founding of the Protocol, the privacy concerns raised, how it's implementation impacted the industry, and how the recent withdrawals will affect advisers and clients for years to come.
Appearance on CNBC's Closing Bell, Will firms' withdrawal from the Protocol for Broker Recruiting keep advisers from leaving?, https://www.cnbc.com/video/2017/11/28/will-firms-withdrawal-from-pact-keep-advisers-from-leaving.html
CNBC's Closing Bell
Brent A. Burns discuss UBS's exit from a recruiting pact and what will keep other advisers from leaving.
Guest Arbitrator, St. John's Law School - Moot Court Competition, FINRA's Manhatten Office, 1 Liberty Plaza, New York, NY
St. John's Law School
Served as a guest arbitrator for St. John's Law School Securities Arbitration Clinic
Guest Speaker, High Frequency Trading
St. John's Law School - Securities Arbitration Clinic
Ethical Issues in Arbitration, Securities Arbitration 2015, New York State Society of CPAs, 14 Wall Street, New York, NY
New York State Bar Association Securities Litigation & Arbitration Committee
Discussed attorney ethics issues regarding solicitation, unauthorized practice of law, advising clients regarding social media and conflicts
Guest Lecturer - Broker Transitions, St. John's Law School - Securities Arbitration Clinic, Queens, New York
St. John's Law School
The Arbitration Hearing: Openings, Direct and Cross-Examinations, Securities Arbitration and Mediation 2009 - The New World, New York City
New York State Bar Association Securities Litigation & Arbitration Committee
The program presented detailed review of the major issues facing counsel in securities arbitration. Leading members of the claimants and defense bar provided their views and insights on issues ranging from the filing of a claim through discovery and the actual hearing of the case. Senior FINRA Administrators, arbitrators, mediators and counsel for claimants and respondents shared step-by-step advice on the most effective ways to conduct hearings.
Websites & Blogs
Website
Law Offices of Brent A. Burns, LLC
Social Media
Contact & Map
Law Offices of Brent A. Burns, LLC
New York City Bar Association
43 West 43rd Street, Ste. 229
New York, NY 10036-7424
USA
Law Offices of Brent A. Burns, LLC
87 Ruckman Rd.
Alpine, NJ 07620-1098
USA
Telephone: (201) 768-2700