Ulmer & Berne Adds Senior FINRA Counsel, Bolstering its Broker-Dealer and Financial Services Regulatory Practices

Michael A. Gross, previously Senior Litigation Counsel at the Financial Industry Regulatory Authority (FINRA), has joined Ulmer & Berne as a partner. This marks Mr. Gross’s second tenure at the firm, where he worked as an associate before joining FINRA. Mr. Gross will be based in Boca Raton, Florida, Ulmer & Berne’s first office outside its Midwestern core of Cleveland, Cincinnati, Columbus, and Chicago.

“Michael is a strategic addition who adds breadth and depth to one of our busiest practice areas,” said Ulmer & Berne Managing Partner Kip Reader. “Whether it’s the experience, contacts, and insider knowledge he gained as counsel for FINRA, or the fact that we’re expanding our geographic reach with an office in Boca Raton, our goal is always to strengthen our ability to serve clients. We’re confident that Michael’s addition does just that.”

“We think Michael will have an immediate, positive impact for our clients,” said Co-Chair of Ulmer & Berne’s Financial Services and Securities Litigation group Alan Wolper. “By adding another lawyer with deep regulatory and litigation experience to an already strong team, we increase our capacity to meet client demand while maintaining top-tier quality service.”

About Michael Gross
Mr. Gross’s practice focuses on the representation of broker-dealers, investment advisors, and registered persons operating in the broader financial services industry. Early in his legal career he worked as an associate at Ulmer & Berne, later departing for an opportunity with FINRA where he gained significant hearing and regulatory investigation experience as Senior Litigation Counsel. Mr. Gross has represented clients in disciplinary proceedings and arbitrations throughout the country, primarily in actions involving complex charges, including fraud, anti-money laundering (AML), sales of unregistered securities, excessive mark-ups, unsuitability, churning, disclosures, licensing, registration, records retention, and supervision. He has handled hundreds of regulatory investigations and has extensive experience negotiating settlements and participating in on-the-record interviews (OTRs).

Mr. Gross earned his B.A., cum laude, from the University of Pennsylvania. He earned his J.D., cum laude, from the Case Western Reserve University School of Law.

About Ulmer & Berne’s Broker-Dealer and Investment Litigation and Financial Services Regulatory Practices
Many of the nation’s major brokerages, banks and financial services firms turn to Ulmer & Berne to confront and resolve charges of securities fraud, misrepresentation, unauthorized trading, alleged violations of the SEC and financial services regulations, and even criminal violations. These actions run the gamut from complex class actions to individual suits. Ulmer & Berne attorneys are also pursuing and defending employee raiding disputes, non-solicitation and trade secret matters and resolving regulatory and compliance issues. The firm routinely represents financial services clients before courts, the SEC, FINRA, CFTC, NFA, NYSE, CME, CBOE, and in other state and federal forums.

The practice’s clients include JPMorgan Chase & Co., KeyCorp, MorganStanley Wealth Management, PNC/Hilliard Lyons, Raymond James Financial, Wells Fargo Advisors, and Charles Schwab & Co.

Clients see the strength of the firm in both its reach across litigation, arbitration, regulatory proceedings and employment matters, and in its size.

Ulmer & Berne’s financial services regulatory practice counsels a full range of financial services entities. The financial services regulatory team takes an interdisciplinary approach, combining the knowledge of lawyers familiar with current banking and financial services regulations, consumer and privacy law, the federal and state securities laws, the Employee Retirement Income Security Act of 1974 (ERISA), the Revenue Code, commodities regulation, and federal and state banking and insurance laws. Several of the firm’s attorneys have worked at the Securities and Exchange Commission (SEC), FINRA, the National Association of Securities Dealers (NASD), investment management firms, banks, broker-dealers, and insurance companies, enabling us to provide practical insight into handling legal matters for clients.