Practice Areas
null

Independent Monitoring/Independent Consulting

Related Professionals
Representative Engagements

Our team draws on the expertise of seven alumni of the SEC’s Division of Enforcement with more than sixty years of combined experience at every level of the agency. They include a former Executive Assistant to Chairman Shad, a former Senior Counsel for Market Regulation to Chairman Levitt, a former Associate Director (who also served as head of the SEC’s Bank Fraud Working Group, Chairman of the SEC Penny Stock Task Force and a member of the DoJ’s National Bank Fraud Working Group and Securities and Commodities Fraud Working Group), three former Branch Chiefs, and two former Senior Counsels in the SEC's Division of Enforcement and a former Attorney Fellow in the SEC’s Division of Trading and Markets. Two of our partners also have served at the highest levels of major electronic brokerage firms, one as General Counsel and one as President, who understand the in-house perspective and regularly counsel our clients on regulatory requirements and developments. 

Due to their deep expertise and experience, our lawyers have served on many occasions as independent consultants and independent monitors in the context of settlements or resolved proceedings with the SEC and DoJ. Due to the small size of our firm, we have fewer conflicts to contend with when contemplating an independent consulting or monitoring engagement. Because of our depth and our focus on delivering tailored, quality services to sophisticated clients, we are able to bring to bear on such engagements expertise that is equal or superior to that available from larger law firms.

We field nimble teams with lean structures and low overhead. We started from scratch with a singular focus on the efficient delivery of world-class legal service. We carry with us no costs attributable to organizational legacy. Our regular role as both advisor and defense counsel sharpens the focus we bring to independent consulting/monitoring work. Our counseling enhances our industry knowledge, bringing more formidable insight to our work. Our enforcement and regulatory antennae give us clear, actionable signals as we evaluate compliance with settlement agreements and Deferred Prosecution Agreements.

Representative engagements

  • Serving as Independent Consultant to a diversified financial services company in reviewing its Rule 506 policies and procedures. 
  • Serving as Independent Examiner for a Swiss banking institution in connection with the Department of Justice Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks. 
  • Serving as Independent Consultant to a global financial institution to review and test its policies respecting compliance with Section 9(a) of the Investment Company Act arising out of the institution’s SEC settlement regarding its underwriting of securities. 
  • Serving as Independent Monitor to a fund manager and its principal to review and assess the manager’s policies, practices, controls, recordkeeping and disclosures relating to conflicts of interest, affiliated transactions and cash management pursuant to their settlement with the SEC. 
  • Serving as Independent Consultant to a broker-dealer in connection with its Municipalities Continuing Disclosure Cooperation settlement.

top