Sidley established its Boston office in April 2013. Our lawyers focus their practice on securities and broker-dealer regulation, enforcement, defense, trading and markets, arbitration and litigation. They are an integral part of the firm’s larger Securities & Derivatives Enforcement and Regulatory practice. That team defends clients in examinations, investigations and enforcement proceedings by the U.S. Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), securities exchanges, state attorneys general and state securities regulators. Our lawyers also perform internal investigations and provide regulatory advice and counsel to address or avoid issues before regulators become involved.
Sidley represents both public company issuers of securities and regulated entities, such as broker-dealers, investment advisers and hedge funds, and their directors, officers, and employees. The team regularly handles a wide range of securities-related issues, including: regulatory reporting, anti-money laundering, Regulation S-P, FINRA rule violations, Municipal Securities Rulemaking Board (MSRB) rule violations, employment disputes and private client disputes. In addition, Sidley represents clients in matters including accounting fraud, disclosure and reporting irregularities; Foreign Corrupt Practice Act (FCPA); insider trading, market manipulation, and other securities and commodities fraud; sales and trading practices; structured products and asset management products.
We also advise clients on the multitude of laws and regulations that apply to the securities, futures and derivatives industries. This work encompasses:
- Counseling on compliance policies and procedures and relief from rules (exemptions and no-action letters);
- Advising on all titles of the Dodd-Frank Act, including the Volcker Rule, standard and tailored resolution plan requirements, orderly liquidation authority, enhanced supervision of the U.S. operations of foreign banking organizations, swap dealer registration issues, living wills, the Durbin Amendment, CFPB regulation, supervision of nonbanks and financial market utilities;
- Counseling on the enhanced capital, leverage and liquidity requirements that may be applied to large “systemically important” financial institutions;
- Preparing regulatory filings for transactions and conducting M&A due diligence;
- Assisting in the formation and structuring of exchanges and other trading platforms, including alternative trading systems;
- Creating new broker-dealers, investment advisers, and futures and swaps market participants, and obtaining necessary regulatory approvals; and
- Representing clients in commenting on proposed SEC, CFTC, and Self-Regulatory Organization (SRO) rules, and challenging improperly promulgated rules.
The Boston team works across practice areas and geographies, involving lawyers from other groups with industry- and region-specific knowledge. We provide clients with sophisticated representation and advice, doing so while drawing on the collective experience, insight and talent of Sidley’s global footprint.