Houston Broker-Dealer Defense Attorneys
Accused of Broker Fraud?
Many clients mistake market losses with broker misconduct. At Hendershot Cowart P.C., we defend broker-dealers in litigation and arbitration matters. Our broker-dealer defense attorneys will dig into the legal facts of the matter, investigate all agreements and understandings, and thoroughly address each claim.
We proudly serve brokerage firms, financial advisors, broker-dealer executives, and compliance officers with more than 100 years of combined legal experience and a strong record of results.
PLEASE NOTE: Unfortunately, we cannot defend financial advisors in securities investigations or enforcement actions by FINRA or the SEC.
To learn more about what our team can do for you, please call us at (713) 783-3110 today.
On This Page:
- Broker-Dealer Defense Cases We Handle
- Defenses to Customer Claims Against Stockbrokers
- Your Law Firm for Life
We defend stockbrokers and brokerage firms from the most common claims of broker misconduct, including:
- Fraud
- Misrepresentation
- Unsuitable investments
- Breach of fiduciary duty
- Unauthorized trading and transfers
- Excessive trading (churning)
- Poor diversification (concentration)
- Portfolio mismanagement
- Failure to supervise
- Conflicts of interest
- Misappropriation
- And more
Whether you handle an investment account, securities portfolio, discretionary account, trust, or annuity, our lawyers are here to help.
Investments involve risk and uncertainty, and stockbrokers cannot guarantee profitable investing. While clients may be quick to blame their brokers for losses, firms and financial professionals have several legal defenses. Our broker-dealer defense team will examine each claim, the elements necessary to prevail on that claim, and gather evidence to undermine the plaintiff’s allegations.
If you have been accused of unsuitable investments, for example, you can defend the quality of the investments you recommended by presenting evidence that the investment matched your client’s investment objectives.
Other times, a client may approve a transaction, then claim it was unauthorized when the investment proves unprofitable. Most clients maintain some oversight of their accounts and are responsible for raising objections in a timely manner, giving your legal team a sound defense strategy to counter the claim. Monthly statements, trade confirmation notifications, etc. are all evidence that could overturn an unauthorized trading claim.
There is also statute of limitation defense. Claims brought under Rule 10(b)(5) of the Securities Exchange Act of 1934 must be raised within two years of discovering evidence of a violation or five years after the violation itself – whichever is earlier. Breach of contract claims must be brought within four years in Texas, and tort claims (such as breach of fiduciary duty) in Texas are subject to a two-year statute of limitation.
Our team will develop a legal strategy that takes the fundamentals of each claim brought against you into account and aggressively defend your interests.
Hendershot Cowart P.C. takes the time to get to know you, your business, and what your goals are, then we create a legal strategy designed to protect you. We want to be your attorneys, your team, and your law firm for life.
Whether you’ve been accused of breach of contract, breach of fiduciary duty, or a violation of the Securities Exchange Act, we have the experience you need to help you get back to what you do best – helping clients achieve their financial goals.
You’ve worked hard to build your business. Let us help you protect it. Call us at (713) 783-3110 or contact us online to schedule your consultation today.
Why Choose Our Team?
Unwavering Commitment to the Success of our Clients
With over 100 years of combined experience, we bring big firm expertise with personal firm service. Whether facing multi-jurisdictional litigation or regulatory issues, we stand by your side, fighting for your success.
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In Business Since 1987.Let us put the full force of our 100+ years of combined experience to work for you.
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We Serve Clients Throughout Texas and the Nation.We handle matters from the Red River to the Rio Grande and beyond.
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We Believe in Prompt, Personal Attention.
As a smaller, regional law firm, we unite real experience with personal attention.
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We Want to Be Your Law Firm for Life.We take a vested interest in our clients' success — from start to finish.
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We Shoulder the Legal Burden.™And let you get back to business.
To Us, Every Case is Personal
Real Stories, Real Results, Real Advocacy
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"I'm glad to know I always have top-notch legal representation"I have worked with Trey and the team there multiple times. They are attentive, great to work with, and I'm glad to know I always have top-notch legal representation- B.B.
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"Keith was able to get our business up and running again."
Great people to work with! Keith helped us through our appeal step by step and was able to get our business up and running again.
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"Super happy with this law firm!"
Anton was my attorney for a ceases desist letter. He was absolutely amazing, responded extremely quickly and the response he wrote for me was phenomenal. Super happy with this law firm!
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"I don't believe we could have navigated this challenging situation without his support."
Highly recommend the firm and Philip in particular; I greatly appreciate the firm for the invaluable assistance with the legal matters we engaged it to address. Philip Racusin's expertise, attentiveness, responsiveness, and professionalism have been exceptional, and I don't believe we could have navigated this challenging situation without his support.
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"I would recommend them to anyone needing a solid business lawyer."
Hendershot's team was very helpful during my consultation. I was dealing with a stressful business issue with a partner, and they gave me clear guidance on what steps to take. They explained things in a way that was easy to understand and helped me feel more confident moving forward. I would recommend them to anyone needing a solid business lawyer.
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"I recommend them and will bring other matters to the firm for their assistance."
Outstanding firm. The team was efficient and provided good legal & business advice. Particular compliments to Trey Hendershot and Bryan Tehrani - I recommend them and will bring other matters to the firm for their assistance.
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"The team was kind and prompt in all aspects"
After many attempts at resolving my legal issue, Bryan and the team at Hendershot Cowart were able to resolve my problem. The team was kind and prompt in all aspects. Thank you!
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"You saved me from unimaginable financial mess and I appreciate it so much!"
Cannot recommend Keith enough! My lawyer had to go abruptly on medical leave and Keith took over my case. He was not just a lawyer but a very empathetic, diligent, supportive person who literally took the time and did hours of research and informed me the right course of action. He pulled up very old cases to guide me and told me the right course of action for the non-compete agreement while working in the service area agreement - abiding by both medical contracts. He was prompt and efficient and answered emails in a timely fashion. He will go very far in life because he does not take this as a profession but takes complete ownership of the case. He is very approachable, helpful, and gives sincere, impartial, unbiased advice. I wish him all the best in the future!! You saved me from an unimaginable financial mess, and I appreciate it so much!!
