Use of Attorneys by Industry Members
The TLD’s Regulations require the use of a certified Broker or licensed attorney for some transactions before the Authority. However, the Enforcement Department strongly recommends that you seek the advice of legal counsel before approving or signing stock transfers, medallion or certificate transfers, management agreements, powers of attorney and other documents affecting your rights.
The Enforcement Department has received numerous complaints from industry members about these issues after the documents have been signed. The use of an attorney prior to signing those documents may have prevented the complainant’s problems and saved both time and money.
Anyone can obtain a lawyer referral by contacting the Philadelphia Bar Association’s Lawyer Referral service at: www.philadelphiabarlawyers.com or by calling 215 238-6333.