As a member of the Securities & Investments Liability Practice Group, Sam devotes all of his practice to the defense of broker-dealers, individual stockbrokers, insurance agents and other investment professionals in state and federal court. As well, Sam represents brokers and broker dealers before state and federal regulatory authorities and in arbitration, expungement and enforcement actions and investigations before the Financial Industry Regulatory Authority (FINRA). Sam's practice includes the defense of insurance brokers, mortgage brokers, mortgage companies, real estate agents and title agents in state and federal courts.
From 1996 through 1997, Sam served as a law clerk to the Honorable G. Craig Lord in the Court of Common Pleas of Philadelphia County. Sam graduated from Temple University in 1993 where he received a Bachelor of Business Administration and subsequently his juris doctor in 1996 from Temple University School of Law. At Temple Law School, Sam served as the vice president of his graduating class.
• Legislative Update on Issues of Concern to Financial Advisors and Independent Broker Dealers, Financial Services Institute, April 2010
Honors & Awards
• AV Peer Review Rating by LexisNexis Martindale-Hubbell
• Pennsylvania Super Lawyers Rising Star, 2005-2008
Year Joined Organization: 1997
|Reported Cases||Significant Representative Matters: Represented a broker-dealer and broker in FINRA arbitration alleging unsuitability and securities fraud in sale of a variable annuity. The defense was presented on the grounds that the variable annuity was suitable to the investment objectives of the customer and that any losses sustained by the customer were market related. Defense verdict was obtained and customer was required to pay all forum fees; Defense of broker-dealer in selling away case in FINRA arbitration alleging failure to supervise broker who allegedly operated a Ponzi scheme while affiliated with the broker dealer. Defense proceeded on the grounds that the broker-dealer's supervision of the broker was reasonable and that the Plaintiff did not sustain any losses in his investment in the scheme. Defense verdict obtained; Motion to dismiss, with prejudice, granted in FINRA arbitration based upon Plaintiff customer's repeated discovery violations. Motion to dismiss upheld in federal district court following petition to vacate arbitration award filed by Plaintiff customer. Motion to dismiss granted in FINRA arbitration based upon FINRA Eligibility Rule; Defense award obtained in FINRA arbitration on behalf of broker and broker-dealer where the public customer alleged that she was not properly advised regarding the tax implications resulting from a premature withdrawal from a variable annuity in a IRA account; Motion to dismiss granted on behalf of title insurance agent in Federal civil RICO case; Expungement obtained in FINRA arbitration on behalf of broker in case involving suitability of non-publicly traded REITs; Dismissal on behalf of real estate agent in seller's disclosure case; Dismissal on behalf of supervising life insurance general agent in wrongful termination case; Motion for judgment on the pleadings granted on behalf of title insurance agent in real estate fraud case.; Published Works: FINRA Requests Comment On Brokercheck Enhancements, Defense Digest, Vol. 18, No. 2, June 2012; Covenants Not To Compete: Why You May Not Be Able To Work For Your Employer's Competitors, co-author, AgentsofAmerica.org, January 13, 2009; FINRA Moves to Limit Dispositive Motions In Arbitration, PLUS Journal, Volume XXI, Number 1, January 2008; NASD Approves Merger With The New York Stock Exchange, Defense Digest, Vol. 13, No. 2, June 2007; Injured Plaintiff Has No Direct Action Against Tortfeasor's Insurer for Bad Faith, Pittsburgh Legal Journal; Customer Account Statements Must Include Reminder To Customers To Report Inaccuracies In Their Accounts In Writing, Defense Digest, Vol. 13, No. 2, June 2007; 529 Plans: Tax Free Withdrawals Now Permanent, But Regulatory Concerns Remain, Defense Digest, Vol. 13, No. 1, March 2007; U.S. Supreme Court Continues Its Strong Support Of Arbitration, Defense Digest, Vol. 12, No. 2, June 2006; Agreements To Arbitrate Upheld By Pennsylvania State And Eastern District Court Despite Alleged Confidential Relationship Between Plaintiff Investors And Defendant Stockbrokers, Defense Digest, Vol. 11, No. 3, September 2005; Judge Reversed On Order Compelling Court Action To Arbitration, Defense Digest, Vol. 10, No. 1, March 2004; NASD Reminds Firm Of Their Discovery Obligations, Defense Digest, Vol. 10, No. 1, March 2004; NASD Members Are Warned To Give Investors Their Required Breaks, PLUS Journal, September 2003, Vol. XVI, No. 9 and Defense Digest, Vol. 9, No. 2, June 2003; Injured Plaintiff Has No Direct Action Against Tortfeasor's Insurer For 'Bad Faith', Pittsburgh Legal Journal, June 9, 1998; No Assignment -- No Excess Garnishment, Defense Digest, Vol. 4, No. 3, June 1998|