Mr. Krebsbach has been a leading member of the securities defense bar for decades and has represented many of the largest broker-dealers and investment banks and their employees. He focuses his practice on the defense of securities industry clients in enforcement proceedings before the SEC, FINRA and state regulators, federal and state court litigation, and securities arbitration proceedings nationwide.
Mr. Krebsbach is currently defending clients in a broad range of enforcement matters that include allegations of market manipulation by traders, insider trading by analysts, and sales practice violations by various securities industry professionals. Recently concluded matters include the defense of a large global bank’s executives, traders and sales professionals in a joint US Attorney and SEC investigation of its auction rate securities practices, and dismissal of all claims in a related arbitration hearing; dismissal of all charges against a branch manager after a FINRA enforcement hearing, and the reversal on appeal before FINRA’s National Adjudicatory Council of all charges against a registered representative previously barred for life after a FINRA enforcement proceeding handled by another law firm.
Before entering private practice, Mr. Krebsbach spent thirteen years at Shearson Lehman Brothers, where he served as its Director of Litigation from 1987-1993, litigated many of its significant cases, and managed its global litigation and arbitration caseload and 25-attorney in-house litigation team. While at Shearson Lehman Brothers, he successfully argued the two landmark United States Supreme Court securities arbitration cases, Shearson v. McMahon (1987) and Rodriquez de Quijas v. Shearson (1989). These cases established securities arbitration as the primary forum for resolution of investor disputes with broker-dealers.
Mr. Krebsbach recently served as the securities industry defense bar panelist at FINRA’s Annual Conference seminar on FINRA Disciplinary Hearings trial tactics, and he frequently speaks at seminars on topics of interest to the securities defense bar. He has served two terms as a member of the FINRA National Arbitration and Mediation Committee (2002-2004 and 1991-1993), and testified before U. S. Congressional hearings on securities arbitration in Washington, D.C. (1988).