Counsel - Enforcement - New York, NY

Financial Industry Regulatory Authority (FINRA)
New York
Oct 17, 2016
Oct 19, 2016
Employer Type
Direct Employer
Employment Type
Full Time
Job Board
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The Financial Industry Regulatory Authority (FINRA) is seeking a well-qualified individual for our Counsel opening in New York, NY.

Job Summary:

The Counsel performs a variety of specific duties generally including applying advanced analytical skills to participate in providing legal interpretations regarding laws, rules, and regulations; in drafting legal documents; and in hearings and settlements. Assigned to handle intermediate-in-scope investigations from initiation through recommendation on disposition. This is experienced-level professional work in which incumbents are developing their assigned roles, sharpening their skills, and working under well-defined guidance.

Essential Job Functions:

  • Plan for and participate in various tasks related to investigations pertaining to sales practice and trading violations by member firms and associated persons including the gathering of documentation evidence and the analysis thereof.
  • Researches and interprets rules, regulations, statutes, and decisions of regulatory and quasi-judicial bodies. Advises the organization regarding laws, rules, and regulations.
  • Examines and analyzes data to recommend advisability of pursuing corrective, remedial, or legal actions.
  • Gathers and analyzes evidence to formulate cases or to initiate disciplinary action.
  • Drafts memoranda summarizing investigative results and recommending whether to take further action.
  • Prepares Letters of Caution and closing memoranda where formal disciplinary action is not recommended.
  • Participates in interviewing witnesses and respondents, and handling other details in preparation for disciplinary proceedings under the direction of the Enforcement Director.
  • Prepares drafts of motions, responses, exhibits, briefs, strategy, arguments, testimony, and settlement documents for disciplinary proceedings.
  • Assists with disciplinary proceedings, including presenting evidence, cross-examining witness, and presenting opening and closing arguments.
  • Participates in negotiations and settlements.
  • Drafts a variety of legal documents.
Education/Experience Requirements:

Grade 47:

  • Law degree and admission to the bar.
  • A minimum of five years relevant legal experience in a regulatory or legal environment.
  • Advanced oral and written communication and litigation skills.
  • Excellent interpersonal skills.
Grade 48:
  • Law degree and admission to the bar.
  • A minimum of seven years relevant legal experience in a regulatory or legal environment.
  • Excellent oral and written communication and litigation skills.
  • Excellent interpersonal skills.
Grade 49:

  • Law degree and admission to the bar.
  • A minimum of ten years relevant legal experience in a regulatory or legal environment.
  • Excellent oral and written communication and litigation skills.
  • Excellent interpersonal skills.
Working Conditions:

  • Work is normally performed in an office environment, with extended hours, when necessary.
  • The Enforcement Department is a professional environment in which quality legal work is expected.
  • Work outside of business hours and overnight travel may be required.
To be considered for this position, please submit a cover letter and resume. A writing sample may be required as part of the submission.

The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.

FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's accommodation help line at . Please note that this number is exclusively for inquiries regarding application accommodations.

In addition to a competitive salary, comprehensive health and welfare benefits, and incentive compensation, FINRA offers immediate participation and vesting in a 401(k) plan with company match. You will also be eligible for participation in an additional FINRA-funded retirement contribution, our tuition reimbursement program and many other benefits. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, consider a career with FINRA.

Important Information

FINRA's Code of Conduct imposes restrictions on employees' investments and requires financial disclosures that are uniquely related to our role as a securities regulator. FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain, and those in which they control trading or have a financial interest (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse, domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Code's investment and securities account restrictions , and new employees must comply with those investment restrictions-including disposing of any security issued by a company on FINRA's Prohibited Company List or obtaining a written waiver from their Executive Vice President- by the date they begin employment with FINRA . Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA, and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.

As standard practice, employees must also execute FINRA's Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the company's policy on nepotism.


FINRA is an independent, non-governmental regulator for all securities firms doing business with the public in the United States. FINRA works to protect investors and maintain market integrity in a public-private partnership with the Securities and Exchange Commission (SEC), while also benefiting from the SEC's oversight. In its role as investor guardian, FINRA is informed, but not influenced, by the industry that it regulates. FINRA's independent regulation plays a critical role in America's financial system-all at no cost to taxpayers.

FINRA touches virtually every aspect of the securities business-from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms.

All told, FINRA oversees roughly 4,000 securities firms and more than 643,000 brokers. FINRA performs various market regulation functions under contract for almost every equities market in the United States, including the New York Stock Exchange, NYSE Arca, NYSE MKT, NASDAQ, NASDAQ Options Market, NASDAQ OMX Philadelphia, NASDAQ OMX BX, BZX, BYZ, EDGA and EDGX Exchanges.

In addition, FINRA is responsible for regulating about 60 percent of the options market. FINRA performs various market regulation functions for the Chicago Board Options Exchange (CBOE), C2 Options Exchange and MIAX Options Exchange.

FINRA uses technology powerful enough to look across markets and detect potential abuses. Using a variety of data gathering techniques, we work to detect insider trading and any strategies firms or individuals use to gain an unfair advantage. In fact, FINRA processes, on average, 42 billion-and up to 75 billion-transactions every day to build a complete, holistic picture of market trading in the United States.

In today's fast-paced and complex global economy, FINRA is a trusted advocate for investors, dedicated to keeping the markets fair and proactively addressing emerging regulatory issues before they harm investors or the markets.

FINRA has approximately 3,600 employees and operates from Washington, DC, and New York, NY, with 17 offices around the country.

Search Firm Representatives

Please be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.

FINRA is an Equal Opportunity and Affirmative Action Employer

All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, sexual orientation, gender identity, veteran status or any other classification protected by federal state or local laws as appropriate..... click apply for full job details