R. Craig Zafis has been licensed to practice law since 1983. In addition to California, he is also licensed to practice (on inactive status) in the states of Texas and Indiana. Mr. Zafis specializes in the area of commercial litigation and his practice includes employment law defense, complex business litigation in both state and federal courts, securities arbitration and regulation, appellate matters and litigation for and against the U.S. government.
Mr. Zafis has acted as outside counsel for both the Federal Deposit Insurance Corporation and the Resolution Trust Corporation for whom he performed a substantial amount of collection work. He worked with the specialized settlement/work-out and assistance team at the Resolution Trust Corporation in achieving work-outs in both real estate (including boundary and easement disputes) and commercial matters. He has successfully prosecuted securities class actions and defended several local companies and small businesses in a variety of business litigation disputes. He has argued before the Ninth Circuit Court of Appeals, the Bankruptcy Appellate Panel and the Fourth District Court of Appeals and has appeared in Federal Courts in California, Texas, Nevada, Colorado and New Jersey.
In the area of securities arbitration and regulation, Mr. Zafis has represented customers as well as broker dealers, branch managers and registered representatives before the NASD, FINRA, SEC, NYSE, the Pacific Stock Exchange and the NFA. He has handled over 125 arbitration and regulatory proceedings and has been involved in successfully representing broker dealers, registered representatives and independent advisers in industry disputes, employment issues and regulatory inquiries brought by the NASD, FINRA and the SEC concerning a variety of subjects including selling away, the sale of equity indexed annuities to seniors, suitability, failure to disclose referral fees, the alleged alteration of customer documents and signatures, Ponzi schemes by financial advisers, disputes concerning U-4 amendments and U-5 terminations and review of Forms ADV. In the area of regulatory compliance for independent financial advisers, Mr. Zafis completed the NRS Center for Compliance Professionals' Investment Adviser Compliance Certificate Program and has been designated an Investment Adviser Certified Compliance Professional
B.S. Business & History
Western State University College of Law
Investment Adviser Certified Compliance Professional
California State Courts
Texas State Court (inactive)