Joel Wertman, a shareholder in the firm's Philadelphia office, maintains a general litigation practice with primary focus on disputes in the securities, insurance and real estate industries. He has represented clients in a wide range of litigation matters to include public customer disputes in state court, federal court and arbitration, as well as employment disputes seeking monetary and injunctive relief in state and federal courts. He also represents clients in regulatory enforcement matters initiatied by the SEC, FINRA and state regulatory bodies.
Joel has litigated claims involving a wide spectrum of investments including REITS, Tenants in Common, private placements, variable annuities, limited partnerships, mutual funds, individual equities and debt. He has handled litigation involving complex benefit plans such as 419 welfare benefit plans and 412(i) pension plans. As well, Joel has defended claims involving allegations of defamation, discrimination, and wrongful termination brought by former employees. He also has extensive experience representing institutional clients in bankruptcy court adversary proceedings.
In 2003, Joel was admitted to the Pennsylvania Bar. He received his undergraduate degree in English from Johns Hopkins University where he was also the captain and a four-year member of the men's varsity basketball team. Joel earned his juris doctor from Temple University where he was also editor in chief of the Environmental Law and Technology Journal, and a member of Temple's mock trial team. While attending law school, Joel worked as a summer associate at Marshall Dennehey and also as a summer clerk for the Honorable Charles Smith, federal judge for the Eastern District of Pennsylvania.
•Outside Counsel's Perspectives of the Evolution of Public Customer Litigation and Registered Representative's Best Practices for Risk Management, Concorde Investment Services Spring Conference, May 2014
•Expungement of Customer Complaints, Protocol Transition Issues, Suitability Issues for Seniors and FINRA Arbitration Statistics, Financial Services Institute (FSI) webinar, November 2009
•Best Practices for Insurance Agents and Brokers,Valley Forge Financial Group, Inc., June 2009
• Supreme Court Provides Insight on Actionability of Future Claims Predicated on Statements of Opinion, Westlaw Journal Securities Litigation & Regulation, April 16, 2015
• Clearing the Record: Examining the Expungement Process, Westlaw Journal Securities Litigation & Regulation, October 30, 2014
• Financial Advisor Forecast: Stormy With Scattered Data Breaches, Financial Advisor, June 23, 2014
•“FINRA Takes Steps to Alter CRD Expungement Rules: Are More Stringent Rules Aimed Toward Disclosure on the Horizon?,” Defense Digest, Vol. 20, No. 2, June 2014, Co-author
• FINRA Amendments to Discovery Guide: Need-to-Know Info for Claims, PropertyCasualty360.com, December 2013
• FINRA's New Suitability Rule and the Important Changes for Members to Ensure Best Practices, Defense Digest, Volume 18, No. 4
• Covenants Not To Compete: Why You May Not Be Able To Work For Your Employer's Competitors, agentsofamerica.org, December, 2007
• A Time For Change: Recent Alterations to the NASD Code Will Affect The Litigation Process and Defense Costs for Public Customer Arbitrations, Defense Digest, September, 2007
• Selling To And Advising Seniors, agentsofamerica.org, September, 2007
• Avoiding The Wrath Of The SEC: A Broker Dealer Refresher As To Preservation Of Records, PLUS Journal, February, 2007
• The Importance Of The Brownfields Revitalization And Economic Restoration Act, Temple Environmental Law and Technology Journal, Spring, 2002
Honors & Awards
•Pennsylvania Super Lawyer Rising Star, 2013-2015
Year Joined Organization
Supreme Court Provides Insight on Actionability of Future Claims Predicated on Statements of Opinion
Articles • April 16, 2015
Legal Update for Securities
Law Alerts • March 20, 2015
Recent Litigation VictoriesIn a recent FINRA arbitration, Stanley Abel v. Janney Montgomery Scott, FINRA Arbitration No. 14-00018, Sam Cohen (Philadelphia, PA) obtained a directed verdict on behalf of his clients, Janney Montgomery Scott LLC, and..., The material in this law alert has been prepared for our readers by Marshall Dennehey Warner Coleman & Goggin. It is solely intended to provide information on recent legal developments, and is not intended to provide legal advice for a specific...
Clearing the Record: Examining the Expungement Process
Articles • October 30, 2014
SEC obtains nearly $70 million judgment against firms and CEOs found liable for defrauding investors.
Law Alerts • October 1, 2014
In April 2011, the SEC filed a complaint against a number of Richmond, Virginia-based firms and CEOs, alleging that they devised and orchestrated a fraud-related offering of millions of dollars of promissory notes and stock sold to numerous..., Case Law Alerts, 4th Quarter, October 2014
Nearly $4 million awarded to registered representatives who sued their former broker dealer for fabricating customer complaints.
Law Alerts • October 1, 2014
The claimants originally complained about investments in unspecified real estate investment trusts. The respondents then brought a third-party action against the principal and their former broker dealer, arguing that he assisted the claimants in..., Case Law Alerts, 4th Quarter, October 2014
Financial Advisor Forecast: Stormy With Scattered Data Breaches
Articles • June 23, 2014
FINRA Takes Steps to Alter CRD Expungement Rules: Are More Stringent Rules Aimed Toward Disclosure on the Horizon?
Defense Digest Article • June 1, 2014
By Joel Wertman, Esq. and Allison Livezey, Esq.*Key Points:Proposed FINRA rule pertaining to expungement of brokers' public records will prohibit conditioning customer settlements on agreements not to oppose expungement of...
Claimant's claim denied and respondent awarded attorney's fees due to claimant's bad faith in FINRA arbitration.
Law Alerts • April 1, 2014
The claimant filed a FINRA arbitration in Washington, D.C., seeking $350,000 in compensatory damages related to discrepancies and unauthorized transactions in her accounts. The arbitration panel found that the claimant failed to present any credible..., Case Law Alerts, 2nd Quarter, April 2014
FINRA levies record fine of $8 million for substantial anti-money laundering compliance failures.
Law Alerts • April 1, 2014
Penny stock transactions raise heightened risks because low-priced securities may be manipulated. FINRA found that Brown Brothers Harriman executed or delivered securities involving at least six billion shares of penny stocks, many on behalf of..., Case Law Alerts, 2nd Quarter, April 2014
Broker found to have no duty to warn of tax implications.
Law Alerts • January 2, 2014
The customer complained that the broker failed to adequately advise her of the tax implications of her premature withdrawal from a variable annuity in an IRA. The arbitrator found in favor of the broker and broker/dealer on all counts. Case...
Marshall Dennehey Warner Coleman & Goggin Elects New Shareholders
December 14, 2012
Philadelphia, PA - Marshall Dennehey Warner Coleman & Goggin is pleased to announce that the following 13 attorneys were elected shareholders at the Annual Shareholders' Meeting on December 11, 2012: Christopher Boyle, Esq.; James Lare, Esq.; Thomas Marcoz, Esq.; Brian McNulty, Esq.; Raymond...