Bill represents clients in complex securities matters, focusing on internal investigations, regulatory enforcement and litigation. In addition to handling investigations and litigation, Bill counsels companies and individuals on compliance with securities industry rules, reporting requirements, best practices, enhancements to policies and procedures, regulatory developments and enforcement trends. Bill also assists clients in training business, compliance and legal department personnel. Bill’s extensive experience includes serving as outside counsel for various national and regional securities firms in the areas of regulatory enforcement, internal investigations, customer arbitrations and employment litigation.
By William E. Goydan and R. Andrew Austria on Financial Institution RegulationAs recognized by new guidance from the Financial Industry Regulatory Authority (FINRA), the departure of a registered representative often prompts customer questions about the departing representative and the continued servicing of a customer’s account. In light of the continued frequency of movement of registered representatives from, or among, member firms, FINRA issued guidance on April… Continue Reading
By William E. Goydan, Louis D. Greenstein and Government Investigations Group on Enforcement and Prosecution Policy and TrendsIn line with Chairman Jay Clayton’s oft-stated priority of protecting the long-term interests of Main Street investors, on Feb. 12, 2018, the Securities and Exchange Commission’s Division of Enforcement announced the launch of a new self-reporting initiative for investment advisers. This new initiative — the Share Class Selection Disclosure Initiative — aims to address undisclosed… Continue Reading
By Steven W. Peretz, William E. Goydan and Daniel A. Goldfried on Enforcement and Prosecution Policy and Trends,Financial Institution RegulationIn responding to regulatory and government investigations, firms are often faced with the question of how to balance the desire to cooperate with the need to preserve privilege over an internal investigation. Financial institutions face this question additionally in their reporting requirements to regulators, including Form U-5 filings and Suspicious Activity Reports. Two recent decisions… Continue Reading