Financial Services Regulation - Nationwide
Basic facts about the department
Key offices include New York, San Francisco and Washington, DC.
What the team is known for A heavyweight player in the financial services regulatory sphere, most notably with respect to the broker-dealer space, where a formidably strong bench covers the most cutting-edge compliance and enforcement matters for some of the most recognizable securities trading institutions in the world. Solid reputation in both the banking and consumer finance regulatory compliance matters, advising US and foreign financial institutions in connection with all aspects of Dodd-Frank, including those relating to the Volcker Rule and the CFPB.
Strengths (Quotes mainly from clients)
"I think they are an absolutely outstanding firm. I have never had any issues at all in terms of quality or timeliness. They are first-class and extremely talented."
"The leading practitioners in the regulatory investigation space for broker-dealers."
"They have good, sound judgment, they understand the business and they understand the regulatory environment."
Work highlights Represented a number of broker-dealer clients with respect to FINRA investigations relating to aggregation units and Regulation SHO.
Advised UBS in connection with a number of matters including the implication of changes in the Dodd-Frank Act that limited exemption from the Truth in Lending Act.
Represented Green Dot in connection with regulatory issues arising from its prepaid card business and retail banking operations.
Hardy Callcott is a leading figure in the broker-dealer sphere, representing clients in both regulatory compliance and enforcement matters. Sources say he is "very astute, practical and an excellent communicator," and note that he has "an outstanding knowledge of the regulators."
William Eckland is a well-regarded practitioner in the banking regulatory space. Sources commend his "breadth of knowledge and practical advice." Eckland's clients include Wintrust Financial, Discovery Financial Services and Morgan Stanley.
Connie Friesen advises domestic and foreign financial institutions on US regulatory compliance. She recently advised Axis Bank, an Indian financial institution, on the implications of US state money transmitter licensing requirements.
Susan Merrill is particularly recognized by market observers for her representation of broker-dealer clients in enforcement actions before FINRA and the SEC. Sources affirm that she is "very tenacious and very knowledgeable about securities enforcement."
Neal Sullivan enjoys a fine reputation in broker-dealer enforcement matters. In the words of one market observer, he "has tremendous relationships with key regulators and provides outstanding legal advice."
James Brigagliano is a respected former SEC official who is continuing to impress since his move into private practice in 2012. He is noted for his counseling of broker-dealer clients on a wide range of matters, including of late short selling, Rule 105 and order handling.
SEC alumnus Kevin Campion heads the broker-dealer securities regulatory practice group. He focuses his practice on providing a full range of regulatory compliance advice to broker-dealer clients.
Dennis Hensley "has tremendous experience and provides excellent advice" in connection with broker-dealer regulatory rulemaking by the SEC and FINRA, according to one impressed client.
The "very well-respected" James Huizinga offers a broad consumer finance practice, encompassing regulatory compliance advice and litigation.
David Teitelbaum is described by one interviewee as "super smart, always thoughtful and very efficient." Teitelbaum is recognized for his provision of ongoing operational regulatory compliance advice pertaining to consumer finance matters.
Significant clients Bank of America, Barclays, Jefferies, Morgan Stanley, RBS.