Securities Attorneys for Promissory Note Collection Actions

Eccleston Law consults and defends financial advisors nationwide against promissory note (forgivable loan) collection actions.  We have helped reps in all aspects of the collection process, from negotiating discounts and payment plans, to defending against collection actions filed in FINRA arbitration, and to defending against any adverse FINRA arbitration award rendered, including asserting the inability to pay defense before FINRA Enforcement.

 

In our work consulting and defending brokers, we evaluate all defenses a rep may have against the promissory note, which because it is a contract, is subject to defenses to a contract, such as impossibility of performance or frustration of purpose. We successfully have employed those contract defenses.

Additionally, we evaluate and prosecute when appropriate the financial advisor’s  own counterclaims, not only for damages, lost past, and future earnings, and for damages related to defamatory Form U-5 (CRD / BrokerCheck) termination language.

Importantly, we also seek to expunge such defamatory Form U-5 termination language and replace that with accurate and complete termination language in order to protect the advisor’s reputation among his/her peers, customers, prospective employers, regulators and professional organizations such as the CFP Board. If you've received a promissory note, contact the securities attorneys at Eccleston Law for promissory note collection actions.

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If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.

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