Attorneys

Paul Vorndran
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Paul L. Vorndran has been a Colorado trial and litigation attorney for more than 26 years. He represents clients in complex civil financial matters before state and federal courts and in a variety of arbitration forums. He has extensive experience in the areas of investment, securities, and insurance regulation and litigation.

During his six years with the Colorado Attorney General, Paul represented the Colorado Securities and Insurance Commissioners and brought enforcement actions against both promoters and non-securities licensed, independent insurance agents. Now he works the other side, advising and defending individuals and businesses engaged in the investment business, including registered investment advisers, investment adviser representatives, broker-dealers, securities sales representatives, and insurance producers in both regulatory matters and customer disputes.

Paul defends individuals and entities in investigations and enforcement actions brought by the U.S. Securities and Exchange Commission (SEC), the Colorado Securities and Insurance Commissioners, and the Financial Industry Regulatory Authority (FINRA). He also defends actions brought by investors against licensed and unlicensed sellers of investments.

Paul represents consumers and investors in actions against broker-dealers, investment advisers and insurance producers. He has successfully obtained judgments and settlements for investors on claims such as unlicensed selling, breach of fiduciary duty, affinity fraud, and unsuitability.

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Significant Representations

  • Represented a securities broker and obtained dismissal of two FINRA arbitrations after filing a federal court action challenging arbitrability.
  • Represented an investor and obtained a seven-figure settlement following federal court action against an SEC registered investment adviser based on claims for breach of fiduciary duty.
  • Represented an investor and obtained a judgment for more than $400,000 after trial in state court against the issuer of a promissory note investment.
  • Successfully represented a group of annuities sellers against investigation by Colorado Division of Insurance which alleged securities sales violated the insurance laws.
  • Successfully settled FINRA industry dispute brought by former employer of investment adviser representative.
  • Obtained summary judgment and dismissal of civil action brought against former officer of a licensed debt management company.

Paul handles investor cases involving:

  • Unsuitability
  • Churning
  • Breach of Fiduciary Duty
  • Overconcentration
  • Fraud
  • Negligence
  • Unauthorized trading
  • Limited partnership interests
  • REITs
  • Viatical settlement investments
  • Life Settlements
  • Unlicensed sales of securities
  • Annuities
  • Hedge funds
  • Affinity fraud
  • Investment adviser and broker-dealer misconduct

Paul represents investment advisers, broker-dealers and insurance producers in cases involving:

  • Regulatory and licensing suspensions or revocations
  • Regulatory investigations
  • FINRA investigations
  • SEC investigations
  • Customer disputes
  • FINRA arbitrations
  • Investor cases brought in the state and federal courts
  • Compliance reviews and audits
  • Form ADV review

 

Publications

 

PROFESSIONAL MEMBERSHIPS AND ACTIVITIES

  • State Bar of Colorado
  • Colorado Bar Association
  • Denver Bar Association
  • Martindale-Hubbell  – AV Preeminent rating

 

Practice Areas
Litigation
Securities Litigation / Enforcement Defense

 

 

Awards

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  • EDUCATION
  • LICENSED IN
  • PRACTICE AREAS

EDUCATION

The University of Colorado School of Law (J.D., 1992)

Purdue University (B.A. Philosophy, 1989)

LICENSED IN

Colorado

Managing the Toxic ‘How Much Did You Make’ Interview Question

Colorado joins the growing number of states and jurisdictions fighting wage gap with bans on salary history questions. By Larry Lee, as featured in Law Week Colorado.

Securities Fraud Investigation into GPB Capital Raises Retail Investor Concerns

The private equity firm GPB Capital Holdings LLC ongoing investigation for sales practices used in financing its acquisitions of automotive dealerships.

Winning in Arbitration: From Agreement to Trial

Nicole Westbrook takes aim at several provisions in arbitration that can undermine what is commonly touted as a quicker, cheaper and less complicated alternative to taking a case to court. This Bloomberg Law article reviews these common defenses, waivers and rules of engagement that, when used prudently, can reduce cost and liabilities in arbitration.

Nicole Westbrook brings Cannabis Lawsuit Against National Hemp Exchange

Alleged scheme to defraud hemp clone purchaser ends up in the courts. Read the Cannabis Law Report on the lawsuit brought by Nicole Westbrook at Jones & Keller on behalf of MTN Botanicals.

Estate Planning with Directed Trusts under the Colorado Uniform Directed Trust Act

A directed trust allows trust settlors to involve family members in the administration of a trust and use professionals to comply with fiduciary duties and manage complex assets, providing independent judgment with respect to discretionary distribution decisions. Read more about directed trusts in this article, originally published in Colorado Lawyer. By Jeffrey B. Kadavy and Dylan H Metzner.

Howard Kenison Named to Who’s Who in Energy

Howard Kenison has been listed in the Denver Business Journal's 2019 Who's Who in Energy special report.

SEC Calling: The Trouble With Finders in Connection With the Sale of Securities

By David Thayer Originally published in Law Week Colorado. Picture this: You have a successful business that has grown over the years, but you have hit a wall. Your growth has become stagnant and you need to infuse a hefty sum of money into the business to take it to the next level. So, you […]

Jones & Keller Earns 2020 “Best Law Firms” Recognition

Eighteen Jones & Keller practice groups have been recognized for professional excellence in the 2020 Edition of U.S. News – Best Lawyers® 2020 “Best Law Firms” across a wide range of business categories.

Nicole Westbrook to Teach Deposition Skills at NITA

Join NITA instructor Nicole Westbrook as she shares deposition skills that get results.

DOL final rule on overtime pay goes into effect on Jan. 1

Employers should start preparing now for the upcoming changes in the wage rule.

Nicole Westbrook Receives Martindale-Hubbell® Peer Review Rating of AV® Preeminent™

Nicole Westbrook has received the AV Preeminent® Peer Review Rating™ from Martindale-Hubbell® for professional excellence in general ethical standards and legal ability.

Another Ponzi Scheme – Pot and Cattle

If you are an adviser who sold these investments without knowledge that they were unlawful, or have received a notice from regulators, take steps to protect yourself and your retail clients.

Generational Differences in the Workplace: Confessions of a GenXer and a Millennial

How can the two biggest generations in the workplace right now learn to get along? Enlighten yourself on the differences to capitalize on their collective strengths, prevent labor and employment conflicts, and unite the workplace. Join Lawrence (Larry) Lee, Esq. and Niki Schwab, Esq., as they debate and relate at the 2019 Employment Law Conference […]

“Buy immediately” and get a “free meal” with that Ponzi scheme

If you are an adviser who sold these investments without knowledge that they were unlawful, or have received a notice from regulators, take steps to protect yourself and your retail clients. By Paul Vorndran The warnings issued by the SEC to investors about Ponzi schemes that prey on senior investors in 2018 remain true today […]

Jones & Keller Welcomes Dylan Metzner

Dylan Metzner brings strong experience in Tax and Private Wealth Planning to the Jones & Keller team.

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