KEVIN J. CAMPION advises a wide array of financial services firms including investment and commercial banks, broker-dealers and hedge funds — on a broad variety of regulatory, enforcement, compliance and transaction matters. Mr. Campion focuses his practice in particular on broker-dealer and market regulation matters, with particular emphasis upon regulations governing short sales (Regulation SHO), short interest reporting, Regulation M, research analyst conflicts, FINRA advertising rules, clearance and settlement, and broker-dealer registration and compliance issues. Mr. Campion also regularly assists advisers and hedge funds with trading questions and long and short position disclosure requirements, including the requirements of Section 13(d), 13(f) and Section 16. He also assists clients, mostly clearing firms and prime brokers, in the defense of U.S. Securities and Exchange Commission (SEC), FINRA, NYSE and state enforcement actions and investigations, as well as securities law class actions. Mr. Campion has represented the Securities Industry Financial Markets Association (SIFMA) with respect to comment letters submitted to the SEC, and in obtaining a variety of no-action letters from the SEC Staff relating to Regulation SHO and Rule 10a-1, including working with the SIFMA Prime Brokerage Committee on the new Prime Broker Letter.
Mr. Campion and his team are consistently ranked among leading lawyer rankings. Mr. Campion has been recognized annually in Chambers USA: America’s Leading Lawyers for Business since 2011 in the area of Financial Services Regulation: Broker Dealer (Compliance; Nationwide). The 2020 edition of Chambers USA highlights Mr. Campion for his “prominent broker-dealer compliance practice, offering clients comprehensive guidance with respect to rules set by the SEC, SIFMA and FINRA...” with clients observing he is “‘...foremost ... in the US on broker-dealer matters...”’ Mr. Campion was recognized as a 2015 Rising Star by Euromoney LMG in the Capital Markets field. The firm also received the most first-tier national rankings, including Securities Regulation, of any U.S. law firm every year since the 2011 U.S. News — Best Lawyers “Best Law Firms” survey. Mr. Campion is a member of Sidley’s global Securities and Derivatives Enforcement and Regulatory practice, which received the 2019 Chambers USA Award for Financial Services Regulation, and was named the “Law Firm of the Year” for Securities Regulation in 2020 and 2017 by U.S. News – Best Lawyers.