Jarrod focuses his litigation practice on representing financial and investment advisors transitioning from firm to firm and has advised on some of the largest transitions in the country . He has significant litigation experience in State and Federal Court, FINRA arbitrations and has been class counsel in numerous class actions. Jarrod is one of the few lawyers in the United States who have successfully brought Racketeer Influenced and Corrupt Organizations claims in federal court and has handled dozens of TRO cases both prosecuting and defending throught the country. He has substantial knowledge in electronic discovery and has assisted numerous corporations in data breach incidents.
With extensive experience in the securities industry, Jarrod has been regularly consulted regarding employment and recruitment issues and has been called upon to restructure a number of firms’ employment contracts, restrictive covenants, and promissory notes to reflect industry best practices. Jarrod regularly represents individuals and broker dealers in cases involving restrictive covenants, raiding, and the Protocol for Broker Recruiting. He has represented thousands of national and international financial and investment advisors across the nation in matters such as:
- Firm to Firm Transitions
- TRO Prosecution and Defense
- Claims for wrongful termination
- Deferred compensation claims
- Promissory note disputes
- U-5 defamation
- Defense of garden leave (notice) provisions in employment agreements
In addition to his busy practice, Jarrod is devoted to his wife and four children.
Education
J.D., City University of New York School of Law, 2004
B.A., University of South Florida, 2000
Representative Matters
- Shumaker Defeats Merrill's Attempt to Block Former Advisors' $129 Billion Business
- 10.03.2025 Shumaker – Shumaker Defeats Merrill's Attempt to Block Former Advisors' $129 Billion Business
- 09.26.2025 AdvisorHub – $129-Bln Merrill Breakaways Fire Back in Raiding Lawsuit
- Shumaker Attorneys Win $1 Million in Wrongful Termination Claim in FINRA
- 07.07.2025 Financial Planning – UBS fights to overturn ‘absurd’ 1M FINRA penalty
- 07.07.2025 AdvisorHub – UBS Seeks to Vacate Million-Dollar Award to Fired Idaho Broker
- 06.23.2025 Legal Reader – Shumaker Wins $1 Million FINRA Arbitration Award for Financial Advisor Wrongfully Terminated by UBS
- 06.04.2025 Investment News – UBS ‘wrongfully’ fired Idaho advisor in 2021: FINRA panel
- 06.10-2025 Business Observer – Sarasota law firm secures $1M wrongful termination award
- UBS Brokers Ordered to Pay $2 Million
- 10.09.2022 Legal Reader – UBS Brokers Ordered to Pay $2 Million for Poaching Teammate’s Client
- 08.03.2022 AdvisorHub – Ex-UBS Broker Wins $2 Million from Big NYC Team Who Poached His Largest Client
- Shumaker Attorneys Defeat Half Million Note
- 10.24.2018 AdvisorHub – Fired UBS Broker, a Hunting Show Host, Gets to Keep His Half-Million-Dollar Note Balance
- Shumaker Attorneys Defeat $1.2 Million Promissory Note Claim in FINRA
- 05.29.2018 Financial Advisor IQ – UBS Arbitration Decision Might Hearken Sea Change For Advisors
- 05.24.2018 AdvisorHub – UBS Loses Claim for $1.2 Million Note Balance from Broker
- Shumaker Wins Defamation Case for Financial Advisor Against Merrill Lynch
- 05.02.2018 AdvisorHub – Merrill to Pay $750,000 for Defaming Broker by Insinuating Insider Trading
- 05.02.2018 Citywire – Merrill to pay ex-offshore broker $750,000 in defamation case
- 05.02.2018 Financial Advisor IQ – Merrill Lynch to Fork Over Big Payout to Fired FA
- Shumaker Victory Recognized as One of Largest FINRA Awards Brokers Won from Their Firms
- 04.12.2018 InvestmentNews – Biggest Arb Awards Brokers Won from Their Firms
- Shumaker Attorneys Defeat Merrill Lynch's Attempt to Keep Litigants Out of FINRA Arbitration
- 04.03.2018 AdvisorHub – Merrill Retreats from Battle to Fight Former Executives in Court
- 04.03.2018 wealthmanagement.com – Merrill Lynch Gives Up Fight Against Former Advisors’ Rights to Arbitrate
- 02.08.2018 AdvisorHub – Former Merrill Exec Wins Skirmish Over Losses in His Stock Plan
- Shumaker Attorneys Obtain TRO on Behalf of Morgan Stanley
- 02.06.2018 AdvisorHub – Judge Hands Morgan Stanley Another TRO Win, Hands Off to FINRA
- 01.31.2018 AdvisorHub – Whose Client Is It? Morgan Stanley Argues Both Sides, Former Broker Claims
- 01.24.2018 AdvisorHub – Morgan Stanley Wins Another Restraining Order Against Former Broker
- 01.23.2018 AdvisorHub – Morgan Stanley Disses Former Broker’s Career in New TRO Suit
- Shumaker Broker-Dealer Team Wins $3 Million Defamation Award
- 11.07.2017 On Wall Street – UBS Must Pay Fired Broker $3M Over Defamation Claim
- 11.06.2017 Wealth Management – Stifel Broker Wins $3 Million from UBS for Defamation
- 11.03.2017 Herald Tribune – Broker Wins $3 Million in Defamation Case
- 11.01.2017 Tampa Bay Business Journal – Sarasota Broker Wins $3M Arbitration Award
- 11.01.2017 Business Observer – Broker Wins $3M Defamation Claim Against Firm
- 11.01.2017 Tampa Bay Newswire – Shumaker Broker-Dealer Team Wins $3 Million Defamation Award
- 10.30.2017 SEC Law Blog – UBS Ordered to Pay Florida Broker $3 Million for Defamation
- 10.27.2017 AdvisorHub – UBS Ordered to Pay Florida Broker $3 Million for Defamation
- 10.27.2017 InvestmentNews – UBS Ordered to Pay $3 Million FINRA Fine for Defamation