Michael A. Nagy is an experienced securities attorney and focuses his practice on the defense of claims made against brokers and broker-dealers throughout the United States, concentrating primarily on matters before the Financial Industry Regulatory Authority (FINRA). He provides representation on a wide range of securities matters including arbitration, mediation and litigation.
Michael frequently assists clients in responding to regulatory inquires, examinations and investigations brought by self-regulatory organizations and state securities regulators.
Michael also handles cases on behalf of individual and institutional investors whose accounts have been mishandled by their brokers or advisors. His experience enables him to provide focused and aggressive representation for investors who have been the victims of financial fraud, negligence, and unsuitable investments.
Of particular note, Michael has worked on more than 100 FINRA Arbitration proceedings and a multitude of regulatory matters involving a broad spectrum of investments including stocks, bonds, mutual funds, fixed and variable annuities, CMOs, limited partnerships, real estate investment trusts, debentures, notes, TICs, DSTs, and various other private placement and alternative investments including gas and oil ventures. He has experience handling claims of unsuitability, unauthorized trading, churning, selling away, negligence, misrepresentation and omission, breach of contract, breach of fiduciary duty, failure to supervise, violations of NYSE, NASD and FINRA conduct rules, and violations of state and federal securities laws, among others. Michael recognizes the need for a focused, cost-effective and results-oriented approach to handling such claims.
Michael’s background includes relevant experience as a licensed professional in the securities industry. He worked as a general securities representative / broker (Series 7 License), securities agent and investment advisor representative (Series 66 License), and life, accident and health insurance agent (Pennsylvania Insurance Producer’s License). Michael also gained significant experience while working as a financial planner for a boutique financial planning firm.
This past experience gives Michael a unique perspective on the defense and prosecution of financial institutions and investment professionals and an understanding of numerous facets of the securities industry and financial markets. He is well-versed in the complexities of the market and the intricacies of its regulation. As well, Michael’s familiarity with multiple types of investment and insurance products allows him to efficiently and effectively handle securities related matters. He has developed a keen understanding of the various regulatory and compliance issues faced by the broker-dealers and their registered representatives and is prepared to help his clients navigate the complex arena of securities litigation and regulation.
In 2003, Michael graduated from Mercyhurst University in Erie, Pennsylvania, magna cum laude, receiving a Bachelor of Arts degree in Business with dual concentrations in Finance and Business Management and a minor in Philosophy.
Michael earned his juris doctor at Duquesne University School of Law in 2008, where he served on the Business Law Journal, first as an Associate Editor then as an Executive Editor. Michael is the recipient of the prestigious Gerald K. Gibson Memorial Award for Excellence in Bankruptcy Law, and the CALI Excellence for the Future Award in both Securities Regulation and Family Law.
- U. S. District Court, Western District of Pennsylvania
- Steering Clear of Merit-Based Regulation for Complex Securities Products: Defense Digest, December 1, 2012
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