Mr. Cosgrove represents financial professionals and entities throughout the nation. He has obtained over $8 million in Awards and settlements for his adviser clients in U-5/tortious interference cases in just the last 7 years. He also assists advisers and broker-dealers with regulatory inquiries, investigations, and audits. Beyond the financial industry, he is an award winning trial attorney with a focus on commercial, defamation, and serious injury litigation.
Some of these results include:
Obtained over $3.3 million for an investment adviser and compliance officer on U-5 defamation and business interference claims in a FINRA arbitration.
Successfully represented an SEC whistleblower inside a large national broker-dealer.
Obtained a pre-filing settlement for a compliance officer related to retaliation claims.
Negotiated a settlement for a physician-investor on breach of fiduciary duty claims against a SEC-registered Investment Adviser.
Represented multiple employees defending themselves against the aggressive enforcement of non-compete agreements and other post-employment restrictive covenants.
Defended a Chief Financial Officer indicted for mail and wire fraud in furtherance of an alleged embezzlement scheme.
Co-counseled plaintiffs in a complex personal-injury birth defect suit that ultimately settled for over $5 million.
Represented a financial adviser against his former broker-dealer in a FINRA arbitration which resulted in a $600,000 award and full expungement of the broker's professional disclosure record on behalf of the financial adviser.
Quickly negotiated a half million-dollar settlement with a national broker-dealer for breach of fiduciary duty and fraudulent concealment.
Represented a financial adviser against his former broker-dealer in a FINRA arbitration which resulted in a $3.25 million Award for the financial adviser and a full dismissal of the broker-dealer's $10 million counterclaim.
Quickly negotiated a $2.4 million-dollar settlement with a national insurance company for an employer baited into an IRS-listed §419 employee benefit plan.
Litigated the dismissal of a $900,000 lawsuit against a client and the payment of $250,000 to the Cosgrove Law Group, LLC client.
Obtained payments for numerous clients from various broker-dealers and investment representatives for providing fraudulent or negligent investment advice, churning, and unauthorized transactions in client accounts.
Obtained the complete dismissal of a corporate officer and brokers in a multi-million-dollar regulatory enforcement matter regarding the marketing of auction rate securities.
Defended a client indicted for conspiring with a government agent to defraud the United States Government.
Defended the President and CEO of a national mortgage broker company facing a federal prosecution regarding taxes and alleged bank fraud.
Negotiated settlements on various state regulatory enforcement actions on behalf of his brokerage and precious metals industry clients.
Provided expert witness analysis for Plaintiffs in securities litigation in areas such as §1035 real estate exchanges, TIC interests, private placements, and IRA’s.
Prevailed over FINRA’s opposition on brokers' MC400 applications before the National Adjudicatory Council.
Articles in the National Law Review database by David B. Cosgrove