Christopher D. Seps

Associate

Christopher D. Seps

Associate


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.

Education & Admissions

Education

  • Illinois Wesleyan University

    (B.A., cum laude, 2007)

  • University of Illinois College of Law

    (J.D., with high honors, 2010) Topics Editor, Law Review

Admissions

  • State of Illinois
  • U.S. District Court, Northern District of Illinois

Experience

REPRESENTATIVE EXPERIENCE

  • Second-chaired an NFA arbitration defending an introducing broker-dealer, a futures clearing merchant, and their associated persons against $15 million in claims of fraud, breach of fiduciary duty, and excessive trading; obtained dismissal of all claims after three weeks of arbitration.
  • Second-chaired several FINRA arbitrations representing broker/dealer and registered representatives in disputes involving securities fraud, defamation, wrongful termination of employment, breach of contract, and breach of fiduciary duty.
  • Second-chaired a FINRA arbitration defending against claims for $100 million in damages.
  • Defended a broker/dealer in a FINRA enforcement action and state securities agency disciplinary proceeding; primary responsibility for preparing for a two-week evidentiary hearing, and negotiating settlement with regulatory authorities.

Involvement

COMMUNITY INVOLVEMENT

  • Chicago Volunteer Legal Services

Honors

  • Named to the Illinois Super Lawyers Rising Stars list (2016-2018)