In addition, the Firm has routinely represented its broker-dealer clients in debt and equity financings, employee stock option plans and a variety of regulatory and compliance issues dealing with the Patriot Act and anti-money laundering regulations. Members of the practice group have also counseled and written on the marketing and sale of hedge funds by broker-dealers. The Firm also counsels clients with respect to the merger, sale and succession of broker-dealers.
Several members of the Firm were formerly with the Securities and Exchange Commission and are active in broker-dealer regulatory associations such as the Securities Industry Association's Compliance and Legal Division.
The Firm’s litigation group also has an active practice representing broker-dealers in arbitrations, litigations and governmental investigations nationwide.
Examples of the Firm’s experience in this area include:
- Representation of an international financial institution and primary dealer of government securities in connection with review and revision of written supervisory procedures.
- Representation of a convertible bond arbitrage firm in connection with its formation of a registered broker-dealer and registration in 30 states.
- Representation of a cable and communications investment bank in connection with its formation of a registered broker-dealer.
- Representation of a firm specializing in dividend reinvestment plans and its formation of an NASD broker-dealer.
- Representation of a broker-dealer in connection with more than US$150 million of debt and equity offerings.
- Representation of a Spanish bank in connection with the formation of a registered broker-dealer.
- Representation of a registered broker-dealer in connection with a restructuring of its capital structure.
- Representation of mergers and acquisition advisory firm in connection with the formation and registration of a broker-dealer subsidiary, structuring of equity financing and ongoing regulatory and compliance issues.
- Representation of a U.S. broker-dealer in connection with joint venture and applications for various approvals to the American Stock Exchange.
