Heidi E. VonderHeide

Associate


Practice Areas:

Heidi specializes in representing financial institutions, investment advisers, and broker-dealers in litigation matters. Her securities practice involves handling both customer and industry disputes, as well as regulatory matters. She has defended clients in matters pending before FINRA, the NFA, CTFC, SEC, and in state and federal courts.

Education & Admissions

Education

  • Loyola University Chicago

    (B.A., cum laude, 2004)

  • Loyola University of Chicago College of Law

    (J.D., magna cum laude, 2007)

Admissions

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

Experience

REPRESENTATIVE EXPERIENCE

  • Defense of individuals and entities in all stages of examinations, investigations and administrative proceedings initiated by the Securities and Exchange Commission (“SEC”) including appeals to the Commission and/or Federal Courts.
  • Defense of FINRA examinations or investigations, including representation at on-the-record (“OTR”) testimony; responding to 8210 requests, and handling the Wells process.
  • Defense of FINRA Enforcement actions from inception through hearing and, if necessary, the appellate process.
  • Advise clients on issues affecting membership and/or association including Statutory Disqualification (including Dodd-Frank implications), the MC-400 Application process, and the 1017 process.
  • Defend clients in connection with examinations, investigations, or proceedings instituted by state securities regulators.
  • Defense of individuals and financial institutions against customer complaints of all varieties including disputes involving allegations of securities fraud, unsuitability, defamation, breach of fiduciary duty, fraud, negligence, overconcentration, and failure to supervise.
  • Experience in a wide variety of products including, limited partnerships, private placements, TICs, DSTs, REITs, and traditional securities.
  • Defense of FINRA and SEC Enforcement actions involving anti-money laundering (AML), registration issues, customer identification programs (CIP), net capital, and other non-sales practice issues.
  • Defense of financial institutions in arbitration actions before the NFA, FINRA, and AAA on wide range of customer claims.

SPECIFIC CASE EXAMPLES

  • Successfully defended Investment Advisor in SEC Administrative Proceeding against fraud allegations regarding supposed inadequacy of disclosures in Form ADV related to compensation and other supposed conflicts of interest. All charges filed against our client were dismissed. (Coverage in: Law360, National Law Journal, AmLaw Daily, BloombergBusinessand Houston Chronicle)
  • Successfully defended a national bank, sued in its capacity as successor to WaMu, by demonstrating that the plaintiff’s claims were barred by the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”).  The decision was a case of first impression for the Illinois Appellate Court.

Publications & Presentations

Publications

Presentations

  • “CCO Liability: What Risks Remain and What Can You do to Minimize Them?” IA Regulatory Compliance Watch, Webinar (July 2017)
  • “CCO Liability: An Unvarnished Look at the Risks Along with Realistic Actions to Protect Yourself” IA Compliance Watch Conference, Washington D.C. (April 2017)
  • “Oh no! Is that FINRA knocking on your door? Tips for Navigating a FINRA Investigation and Enforcement Action,” Annual Ulmer Financial Services & Securities Litigation Client CLE Seminar (November 2016)
  • “PTI: Hot Topics from the U&B Broker-Dealer Blog,” Ulmer & Berne, Financial Services & Securities Litigation Client CLE Seminar (November 2015)

Involvement

PROFESSIONAL AFFILIATIONS

  • Chicago Bar Association

FIRM INVOLVEMENT

  • Associate Liaison Committee

Honors

  • Named to the Illinois Super Lawyers Rising Stars list (2016; 2017)
  • Named an “Emerging Lawyer” in a survey of lawyers by the Law Bulletin Publishing Company (2016)