Alex has a broad range of litigation and regulatory experience representing financial institutions and other corporate clients, with a specific focus on representing broker-dealers in regulatory and enforcement actions, arbitration, and litigation.
By Alexander Madrid, Molly White and Garrett Hooe on Securities and CommoditiesMonday, the U.S. Supreme Court issued a highly anticipated ruling holding that the generic nature of an alleged misrepresentation may be important evidence of price impact to rebut the Basic presumption of reliance and thus should be considered at class certification. See our post on the Class Action Countermeasures blog.… Continue Reading
By Alexander Madrid, Emily P. Gordy and Cheryl Haas on ComplianceOn May 21, the North American Securities Administrators Association (NASAA)—an organization comprised of 67 securities regulators within the United States (all fifty states as well as districts and territories), Canada, and Mexico—released a model cybersecurity rule package governing state-registered investment advisors’ cybersecurity and privacy practices. The model rule package, which would need to be adopted… Continue Reading
By Emily P. Gordy, Alexander Madrid and Cheryl Haas on Securities and CommoditiesOn April 16, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert highlighting Regulation S-P compliance deficiencies and issues it found in recent examinations of broker-dealers and investment advisers. Regulation S-P is the primary SEC rule detailing the safeguards these firms must take to protect customer privacy. The Risk Alert provides… Continue Reading