What to Do When Under a FINRA or SEC Investigation

As a financial advisor, receiving notification from the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA) that you’re under investigation can be intimidating and even frightening. It’s natural to have questions about what you should do or what to expect from the investigation process. Here are three crucial steps to take as soon as you realize that the SEC or FINRA has launched an investigation into your activities.

Refrain From Discussing the Situation With Others

As stressful as you may feel, avoid discussing the investigation with colleagues, friends, or others. Do not correspond in writing (i.e., send texts or emails) about the situation, as these messages could be used against you. While sharing your concerns with others can help to reduce feelings of stress, it’s wise to find alternate ways to keep calm when facing this type of sensitive situation.

Don’t Make Any Sudden Moves

You may experience intense feelings of anxiety and panic when you learn that you’re under investigation. Fight the urge to take dramatic action, such as deleting files or destroying documents. Doing so will likely complicate things, and you may risk additional legal repercussions. Try to continue living your life as you were before you received notification of the investigation.

Contact a Skilled Securities Defense Attorney Right Away

The FINRA and SEC investigation processes proceed according to their complex rules, so it’s essential to enlist the guidance of an experienced securities law attorney to fully understand your options. Your attorney will explain each step of the process and make sure that you understand your rights at every turn. Financial advisors often find that working with an attorney allows them to feel more secure and prepared to face the challenging weeks and months ahead.


If you have received notification that the SEC or FINRA is launching an investigation into your activities, contact skilled securities law attorney Tosh Grebenik at Judex Law LLC today by calling (303) 523-4022.

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