Mr. Norstedt’s law practice focuses on representing defrauded investors who have suffered losses due to stock broker misconduct and securities fraud as well as providing legal advice to small and medium sized businesses on matters regarding corporate formation, contract negotiation, employment issues, litigation risk analysis and. His securities industry, business and legal experience enables him to provide his clients with advice from both a legal and business perspective.
Mr. Norstedt maintains strategic alliances with a nationwide network of Law Firms. Mr. Norstedt has spent years carefully building relationships with these law firms. His relationships with these firms means that if for some reason his firm is unable to represent a client due to the Bar rules of the state or country in which the client resides he can establish a co-counsel relationship with local counsel that will be seamless to the client.
Mr. Norstedt’s education includes a Bachelor of Arts with honors from the State University of New York at Stony Brook, a Master’s degree in Finance and Investments from Adelphi University, and a Juris Doctorate, with honors from the University of Miami. In addition, he successfully completed the Securities Industry Management program taught at the Wharton School and sponsored by the Securities Industry Institute. The Institute is the Securities Industry and Financial Market Association’s premier leadership and management education program. The certificate program, is an intensive full-scale development program designed for securities industry managers and professionals.
Mr. Norstedt’s professional career began as a Financial Advisor for Merrill Lynch in 1983. He successfully passed the general securities representative exam, uniform securities agent state law examination and the New York State life insurance licensing exams. These exams qualified him to advise clients on their investments as well as trade securities. In his capacity as a financial advisor, he was responsible for designing, structuring and recommending client investment portfolios.
Mr. Norstedt left Merrill Lynch to pursue his Master’s Degree in Finance at Adelphi University to expand his understanding of investments and finance. Upon graduation, he became a business consultant to various corporations such as Citibank and Metropolitan Life.
In 1987, Mr. Norstedt joined PaineWebber’s (now known as UBS) legal department to review claimant’s portfolios. He designed and created Paine Webber’s first legal portfolio analysis software program. Mr. Norstedt’s efforts were successful. He was asked to create and manage a department of professionals dedicated solely to the analysis and evaluation of client's portfolios who filed suit or complaints against PaineWebber.
At PaineWebber, Mr. Norstedt was promoted to Director of Administration, Finance and Systems of the Legal Division and named a Corporate Vice President.At that time the Legal Division had over 300 employees and included the Legal, Early Dispute Resolution, Compliance, Internal Audit, Registration and Employee Investigation departments.In addition to his supervisory responsibilities, he worked closely with the General Counsel of PaineWebber, the Deputy General Counsel of Litigation and Paine Webber’s senior management to determine and set monetary reserves for customer and institutional lawsuits. He gained a unique understanding of the risk analysis made by firms in response to lawsuits. This analysis resulted in amounts firms are willing to pay in settlement of client claims or potential financial exposure of a loss at trial.
After graduating the University of Miami School of Law in 1998 and being admitted to the Florida Bar that same year, he began his law practice.
Over the course of his career Mr. Norstedt has been retained by other law firms for his expertise in portfolio suitability and liability analysis.He has been recognized as an expert by the New York Stock Exchange, National Association of Securities Dealers (collectively now known as FINRA) and the American Arbitration Association.
Eric Norstedt is a member of the Florida Bar and is admitted to practice in all Florida state courts as well as the U.S. District Court of the Southern District of Florida. He is a member of the Broward County Bar Association.
Mr. Norstedt is an active member of the community and supports the Shriner’s Hospitals for children and the Boy Scouts of America.