Joseph D. Edmondson, Jr. is a partner, securities litigation lawyer, commercial litigation lawyer, and professional responsibility lawyer with Foley & Lardner LLP. Mr. Edmondson focuses primarily on defending securities litigation and arbitration brought by the private clients and financial industry participants, as well as enforcement investigations and proceedings brought by the U.S. Securities and Exchange Commission, state regulators, FINRA, and other self-regulatory organizations (SROs). He is a member of the firm’s Securities, Enforcement & Litigation and Securities, Commodities & Exchange Regulation Practices.
Mr. Edmondson has more than twenty years of experience in securities and commercial litigation, arbitration, and regulatory investigations, involving primarily securities industry clients, but also in a wide array of matters ranging from health care, antitrust, contract disputes, real estate, attorney professional responsibility, and large collections. He has counseled firms and individuals on compliance with federal securities laws and regulations, as well as the rules of FINRA, the NYSE, and SROs, with an emphasis on supervision and supervisory procedures. He has been called upon to assist with internal investigations of broker-dealers and public companies.
Mr. Edmondson has represented numerous broker-dealers, clearing firms, and individuals in regulatory investigations, litigation and arbitration proceedings involving, among other subjects: failure to supervise, NASDAQ trading practices, AML, FCPA, high-frequency trading and risk management, institutional and retail sales practices with respect to equity and fixed income products, underwritings of public and municipal offerings, “pay-to-play,” insider trading, stock manipulation, advertising, research and suitability.
Mr. Edmondson has handled over 100 customer and industry arbitrations before FINRA and NYSE panels, the subjects of which have included private placement securities, structured products, variable annuities, traded and non-traded REITs, high-risk technology stocks (the so-called “tech wreck” cases), and auction-rate securities, to name a few. A number of cases have involved novel attempts by claimants to hold owners of and investors in broker-dealers, as well as non-broker-dealer affiliates and clearing firms, responsible for investment losses. Several of Mr. Edmondson’s cases also have resulted in successful injunctions based on lack of arbitration jurisdiction in the FINRA forum, as well as expungement demands on behalf of individuals.
Mr. Edmondson serves as a professional responsibility partner within Foley and represents lawyers and law firms in matters involving compliance with the applicable rules of professional conduct, legal ethics concerns, and professional malpractice.