Chris Seps

Chris focuses his practice on complex litigation and arbitration in the securities and commodities industries. His securities practice involves handling both customer and industry disputes, as well as regulatory matters, involving issues of fraud, suitability, breach of contract, wrongful termination, negligence, defamation on a Form U-5, breach of fiduciary duty, negligent misrepresentations, and violations of state and federal securities laws. His commodities practice involves handling a wide variety of matters including issues of churning, fraud, breach of fiduciary duty, unauthorized trading, failure to supervise, and NFA arbitration. He has litigated matters in a variety of forums including FINRA arbitration, NFA arbitration, and AAA arbitration, and he has represented clients in both state and federal courts. Chris also has experience defending industry members against regulatory actions brought by FINRA and the NFA. His experience in both the securities and commodities industries has exposed him to a variety of industry and customer situations, as well as a variety of products, including tenancies in common (TICS), real estate investment trusts (REITS), auction rate securities (ARS), swaps, bonds, futures, options, variable annuities, private placements, and other derivatives.

FINRA recently published a “Discussion Paper” on expungement of customer dispute information in which it outlines its plans going forward on revising the expungement process.  Expungement_Discussion_Paper.pdf ( (Let me just start by applauding FINRA for trying hard to get this right.  The current patchwork of expungement rules and guidance could use some improvements, and there

Thanks to Chris for not only making the personal sacrifice of traveling from frigid Chicago to sunny Florida to attend the SIFMA Compliance and Legal conference last week, but for providing these helpful comments about the sessions he attended. – Alan

I attended the four-day SIFMA Compliance and Legal seminar last week, and there

I have been in a JAMS arbitration the last week or so, so thanks to Chris — Mr. Expungement — for his thoughts about PIABA’s study. –  Alan

In a move that surprised nobody, PIABA[1] recently released an updated study on expungement awards from 2019/2020, and, in the most predictable fashion, they continue to