PAUL TYRRELL focuses his practice on securities and commodities compliance and enforcement matters affecting financial institutions, with an emphasis on sales practice and supervisory rules applicable to broker-dealers and their associated persons. He also advises clients on their compliance with the USA PATRIOT Act, Bank Secrecy Act and related anti-money laundering requirements. Paul’s extensive regulatory and litigation experience informs his comprehensive approach to challenges that clients encounter throughout their various lines of business. He is a member of Sidley’s global Securities 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.
Paul was a senior special regional counsel at FINRA’s (formerly NASD) Boston District Office. He managed investigations and filed disciplinary matters arising out of broker-dealer examinations. He also counseled Member Regulation staff and industry participants on FINRA and MSRB rules.
As a senior trial attorney with the CFTC in New York, Paul managed enforcement matters involving commodity futures and options. He also worked as a senior attorney with the FDIC and taught business law at the University of Massachusetts-Boston.
EVENTS
- Moderator, “Perspectives on Supervision: A Conversation with Chief Supervisory Officers,” SIFMA C&L Society Charlotte Regional Seminar, Charlotte, NC, September 19, 2022.
- Speaker, “Best Practices on Identifying SEC Associated Persons of U.S. Broker Dealers,” Association of Registration Management, Inc.’s 2022 Annual Educational Conference, June 2022.
- Speaker, “Emerging Risk Management - Assessing New Product and Services,” SIFMA Anti-Money Laundering & Financial Crimes Annual Conference, May 2022.
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Speaker, “Hedge Funds, Private Equity and Advisors: Managing Risk without Regulation,” SIFMA Anti-Money Laundering & Financial Crimes Annual Conference, February 2021.
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Speaker, “Hot Topics in Fintech AML,” Sidley Austin LLP, November 2, 2020.
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Moderator, “Virtual Branch Office Compliance Visits,” SIFMA Webinar Series, October 5, 2020.
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Speaker, “Pandemic Stimulus Packages — Navigating Risk While Preparing for Inquiries and Investigations,” Sidley Austin LLP, June 8, 2020.
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Speaker, “Navigating Increased Regulatory Scrutiny on Your Institution’s Wealth Management Business,” 2020 Annual BISA (Bank Insurance & Securities Association) Conference, Hollywood, FL, March 5, 2020.
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Speaker, “Regulatory and Enforcement Trends 2020,” Anti-Money Laundering & Financial Crimes Conference, New York, NY, February 5, 2020.
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Speaker, “Hot Topics in AML and OFAC Compliance,” SIFMA C&L Society Charlotte Regional Seminar, Charlotte, NC, September 23, 2019.
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Speaker, “Reviewing Recent Enforcement Actions and Regulatory Actions to Manage AML Risks,” FINRA Annual Conference, Washington, D.C., May 16, 2019.
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Speaker, “Anti-Money Laundering – The Evolution of Technology in AML Review,” Compliance and Regulation, Sidley Austin LLP, New York, NY, October 17, 2018.
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Speaker, “Anti-Money Laundering – Customer Identification Programs and Customer Due Diligence Best Practices,” Financial Services Compliance Boot Camp at the Center for Finance and Banking at the University of North Carolina School of Law, June 2018.
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Speaker, “Lessons Learned from Recent AML Enforcement Actions,” FINRA Annual Conference, Washington, D.C., May 21, 2018.
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Speaker, “Anti-Fraud Framework,” SIFMA Compliance and Legal Society Annual Seminar, Orlando, FL, March 21, 2018.
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Speaker, SIFMA General Counsel Roundtable, February 9, 2018.
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Speaker, “AML/OFAC Sanctions Update,” SIFMA Compliance and Legal Society Charlotte Seminar, Charlotte, NC, September 18, 2017.
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Speaker, “Building the Fifth Pillar: Customer Due Diligence and Beneficial Ownership Requirements for Financial Institutions,” Sidley Austin LLP, New York, NY, May 9, 2017.
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Speaker, “Personal Liability for Compliance Officers: How to Protect Yourself,” SIFMA Compliance and Legal Society Annual Seminar, San Diego, CA, March 22, 2017.
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Speaker, “AML/OFAC Sanctions Requirements and Compliance to Legal Professionals,” Boston Bar Association, Boston, MA, January 26, 2017.
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Speaker, “Boston Compliance Officer Roundtable Series,” Sidley Austin LLP, Boston, MA, October 14, 2016.
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Speaker, “Reducing Your Liability in Compliance With FINRA,” Lorman Education Services, September 2016.
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Speaker, “Financial Crimes—Anti-Money Laundering,” University of North Carolina School of Law: Center for Banking and Finance, Charlotte, NC, August 17, 2016.
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Speaker, “Current Anti-Money Laundering Topics: Beneficial Ownership and Investment Adviser Proposed AML Program Rules,” Boston Bar Association CLE Program, Boston, MA, May 24, 2016.
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Speaker, “Enforcement Trends and Takeaways,” SIFMA Anti-Money Laundering & Financial Crimes Conference, New York, NY, April 6, 2016.
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Speaker, “Investment Adviser Anti-Money Laundering Obligations Under FinCEN Rule Proposal,” Goldman Sachs 12th Annual Boston Hedge Fund Conference, Boston, MA, March 10, 2016.
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Speaker, “Investment Adviser Anti-Money Laundering Obligations Under FinCEN Rule Proposal,” Goldman Sachs 2nd Annual Prime Services General Counsel Conference, New York, NY, February 25, 2016.
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Speaker, “Ever Expanding Expectations of AML Programs,” FMA Compliance & Legal Society, Denver Regional Seminar, Denver, CO, January 28, 2016.
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Speaker, Sidley Austin LLP Boston Compliance Officer Roundtable Series, Boston, MA, November 2015.
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Speaker, “Unclaimed Property Audits and Compliance Challenges for the Broker-Dealer and Securities Industry,” Sidley Austin LLP Webinar, June 16, 2015.
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Speaker, “Registration Updates Related to Municipal Securities and Swaps,” Association of Registration Managers Conference, March 2015.
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Speaker, “Lessons Learned From Recent AML Enforcement Actions,” SIFMA Anti-Money Laundering and Financial Crimes Conferences, New York, NY, January 30, 2014.
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Speaker, “Unclaimed Property: Key Issues for Broker-Dealers,” Webinar, October 2013.
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Speaker, “Anti-Money Laundering Updates for Investment Advisers and Private Funds,” National Society Of Compliance Professionals National Conference, Washington, D.C., October 2013.
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Speaker, “NFA/CFTC Enforcement,” Boston Bar Association Commodity Regulatory Roundtable, Boston, MA, October 2013.
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Speaker, “Regulatory/Legislative Landscape,” Compliance Solutions Regional Roundtable, Boston, MA, September 2013.
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Speaker, “Recent Regulatory Investigation & Enforcement Trends,” SIFMA Compliance and Legal Society San Francisco Regional Seminar, August 2013.
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Speaker, “New Compliance Obligations Facing Swap Dealers,” Introducing Brokers and Futures Commission Merchants, New York, NY, March 2013.
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Speaker, “Key Compliance Issues for Registered Commodity Pool Operators and Commodity Trading Advisors,” New York, NY, March 2013.
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Speaker, “Ethics Are Important — But How Do I make It Practical?” NSCP 2013 New England Regional Meeting, Boston, MA, March 2013.
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Speaker, “AML for Broker Dealers,” National Society of Compliance Professionals' National Membership Meeting, Washington, D.C., October 2012.
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Speaker, “FINRA’s New Rules on Communications with the Public: Guidance and Compliance Best Practices,” BD Week Webinar, October 2012.
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Speaker, “Anti-Money Laundering Requirements Under the Bank Secrecy Act,” Lorman Webinar, July 2012.
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Facilitator, “Annual Certifications Lab,” NSCP New England Regional Lab, Boston, MA, April 2012.
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Speaker, “Update from the Regulators: Developments and Priorities for FINRA Enforcement,” Boston Bar Association — Securities Enforcement and Litigation Committee, Boston, MA, February 2012.
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Speaker, “Outside Business Activities: What Regulators Are Looking At and Ways to Keep Track of What Your Reps Are Doing,” Broker-Dealer Week Webinar, Boston, MA, November 2011.
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Speaker, “Do I Really Have to Do This?” NAIBD Fall Symposium: Providing Business and Development Tools for Independent Broker-Dealers, New York, NY, November 2011.
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Speaker, “Social Media — The Devil Is in the Details,” Boston Broker-Dealer Investment Advisers’ LinkedIn Group Mixer, Boston, MA, November 2011.
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Speaker, “Due Diligence in a Global Economy: Money Laundering Concerns for Broker-Dealers,” New York, NY, October 2011.
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Speaker, “Defending Broker-Dealers Before FINRA,” FINRA’s Regional Enforcement Meeting, Boston, MA, April 2011.
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Speaker, “Anti-Money Laundering Requirements Under the Bank Secrecy Act,” Lorman Webinar, February 2011.
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Speaker, “Recent Anti-Money Laundering Enforcement Actions,” SIFMA Anti-Money Laundering and Financial Crimes Conference, March 2010.
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Speaker, “Broker-Dealer Enforcement Clinic,” Connecticut Department of Banking Securities Forum, October 2007.
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Speaker, “State Regulation and Broker-Dealer Regulation,” ALI-ABA, January 2005.
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Speaker, “Variable Annuities,” Connecticut Department of Banking Securities Forum, October 2002.
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Speaker for various NASD outreach programs to broker-dealer community.