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  • Education
    • J.D., University of Connecticut School of Law
    • B.S., St. Joseph's University, Pa.
  • Court Admissions
    • U.S. District Court, District of Connecticut
    • U.S. Court of Appeals, Second Circuit
    • U.S. District Court, District of Arizona
    • U.S. Court of Appeals, Ninth Circuit
    • U.S. District Court, District of Colorado
    • United States Supreme Court

Known for his thorough preparation and persistence, Paul Roshka has a national practice representing companies, their directors, officers, and employees during investigations and enforcement/disciplinary proceedings involving potential violations of the federal and state securities laws, and other financial regulatory statutes and rules. He has handled matters initiated by virtually every SEC Regional Office and FINRA District Office, and their Home Offices in Washington, D.C.

He is also a recognized bet-the-company litigator. Paul has defended securities/financial claims in federal and state court, including class action defense. He is a seasoned litigator trusted to resolve our clients’ disputes. Paul and the lawyers he supervises know it is important to keep clients informed, and provide value for the services they render. He handles arbitrations and mediations nationwide. He is also a AAA arbitrator and serves as a mediator is cases involving claims of securities violations and complex issues in the real estate, insurance, mortgage and banking industries.

Paul’s passion for resolving complex disputes is equally matched by his passion for positively impacting his community. He has spearheaded numerous significant charitable efforts that have directly and positively impacted the lives of thousands of Arizona children and families. During Paul’s three year term as Chairman of Phoenix Children’s Hospital’s Board of Directors, he led the effort to move the young Hospital from two floors of an existing health care provider to its own free-standing campus.  Working with bond counsel and underwriters for the offering, and as a member of the  Capital Campaign Committee, Paul helped the Hospital raise the  funds to purchase and renovate an existing hospital on 26 acres in central Phoenix. Today Phoenix Children’s Hospital has six Centers of Excellence, nearly 1000 specialists, and provides outpatient, trauma, and emergency care across more than 75 subspecialties. Children and their families no longer have to travel to hospitals in other states to receive world class health care.

Paul reorganized Phoenix Children’s Hospital’s Foundation’s Board of Directors and served six terms as the Foundation’s Chair. He has chaired Phoenix Suns Charities, the Children’s Cancer Center, the Phoenix Zoo’s Wildest Club in Town, and the Wildest Ball in Town. Paul has been on the Boards of the Salvation Army, Xavier College Preparatory School, and Southwest Human Development which is the Arizona Easter Seals affiliate and an organization that seeks through its 40 programs to create a positive future for every child.

He received KPNX TV’s 12 Who Care Hon Kachina Award and the Jefferson Award from the American Institute for Public Service for his commitment to the Children’s Cancer Center at Phoenix Children’s Hospital. 

  • Represented the board of directors of a religious-based affinity foundation. The representation involved resolving the regulatory concerns of the SEC, the Arizona Corporation Commission (ACC) and other State securities regulators while working with the foundation’s board to preserve funds invested in this $560 million Ponzi scheme.
  • Represented the former president of a mortgage banker and its affiliated securities arm during a joint SEC and ACC investigation regarding the entity’s sale of over $500 million in investments.
  • Defended the former CFO of a public company during an internal corporate investigation, the SEC investigation and the enforcement action filed against our client alleging accounting irregularities to inflate financial results and overstate net income in violation of the antifraud provision of the Securities Act and the antifraud and books and records provisions of the Exchange Act.
  • Defended the president of an international firm in an investigation and enforcement proceeding brought by the ACC involving allegations concerning unregistered securities and securities fraud arising out of the sale in Arizona of approximately $25 million of universal leases relating to interests in Cancun hotels.
  • Defended an investment adviser in an SEC investigation and proceeding alleging misrepresentation of investment risks and failing to disclose a side compensation agreement involving a $10 million investment pool in violation of the Securities Act, the Exchange Act and the Advisers Act.
  • Represented a former vice president of investor relations for a public company during an SEC investigation involving concerns of insider trading.
  • Represented the former president of a trust company during an investigation conducted by the SEC and the New York Attorney General’s Office involving allegations of late trading of mutual funds.
  • Represented numerous firms and registered representatives in investigations and proceedings brought by FINRA charging violations of its rules concerning suitability, supervisory deficiencies, unauthorized transactions, misrepresentations and conduct inconsistent with just and equitable principles of trade.
  • Obtained dismissal with prejudice in a securities fraud complaint filed in the United States District Court in Arizona against a former CEO brought by 117 plaintiffs who invested more than $20 million.
  • Defended a securities fraud class action and a derivative lawsuit filed in the United States District Court in Arizona that named Chief Financial Officer of public auto-parts company.
  • Defended numerous broker-dealers and registered representatives in a FINRA arbitrations in Arizona, California, Florida, Washington, Minnesota, Utah, Missouri and Texas alleging misrepresentations, unauthorized transactions, unsuitable recommendations and churning.
  • Represented an investment advisory firm and one of its principals during an SEC investigation into the firm’s options trading strategy, and in defense of two arbitrations filed by a combined total of 30 clients seeking $12 million in damages. The SEC did not file charges. The claims against our clients settled for approximately $125,000. 
  • Participated with other Polsinelli lawyers in the representation of an insurance agency and five of its agents during investigations conducted by the SEC and the Arizona Securities Division, and the proceedings these agencies filed against our clients for their alleged role in placing $17 million of notes issued by a $1.2 billion Ponzi scheme. 
  • Represented an individual who invested $1.1 million in a business touting the harvesting of spiny lobsters for sale in China. The accounting records showed the money was used for the promoters’ personal expenses including the lease of two Mercedes Benz and a Range Rover.  The two LLCs and three individuals behind the scheme settled the case favorably for our client.
  • Participated with other Polsinelli lawyers in the representation of an investment adviser who was forced to leave his firm by his partner. The AAA arbitration resulted in an award in favor of our client in excess of the $1 million sought for the buyout of his partnership interest, pre-judgment interest, post-judgment interest, and attorney’s fees and costs. 
  • As part of the team of Polsinelli lawyers who have a FinTech practice, represent companies, their principals, and employees in the crypto currency industry during investigations by the SEC and the CFTC. 
  • Represented a registered representative in a FINRA arbitration against allegations of fraud, misrepresentations and non-disclosures, elder abuse, breach of fiduciary duty, and suitability. The claims were denied in their entirety. After the hearing regarding expungement of the claims from the representative’s BrokerCheck and CRD, the arbitrator found the allegations were false and granted the request for their expungement.