Bingham maintains one of the United States’ leading Broker-Dealer practices. Our group of 40 dedicated lawyers advise and defend clients in connection with all aspects of the securities markets and related regulatory issues. Our team, which includes five Chambers-ranked lawyers and a number of SEC alumni, regularly advise on some of the largest, most sophisticated and complex matters facing broker-dealers and other financial institutions.
With 40 lawyers on our team, we can field clients’ specialized questions that require unique expertise. We also have the breadth to staff major projects. In the recent past, we have obtained regulatory approvals for the launch of the largest retail broker-dealer in the U.S. and we have advised on SIPC issues in a bankruptcy context. With14 offices in the U.S., Europe and Asia and a firmwide focus on financial services, we can marshal the resources needed to handle any conceivable matter for a broker-dealer or a related business.
Bingham lawyers are considered leaders in the industry. We work side by side with the securities industry in matters to help restore investor confidence in the markets. Our lawyers have represented clients at the national and state levels in most of the recent high-profile matters in the securities and investment management industries. In the past, matters for which our lawyers have taken leadership roles on behalf of clients have related to structured products, auction rate securities, insider trading, sub-prime mortgage matters, market timing and late trading and the Global Research Analyst cases.
Members of our team are considered trusted advisers in the field. Our broker-dealer related practices are regularly ranked in both the U.S. and U.K. editions of Chambers, as are 5 of our lawyers. Our lawyers have conducted their careers in a manner that has earned credibility with regulators in the United States and abroad, as well as clients, as evidenced by our experience serving as U.S. SEC-approved independent consultant charged with compliance reviews and the oversight of settlements with the SEC, the states and the SROs. In the United Kingdom, our lawyers regularly are appointed under Section 166 of the Financial Services and Markets Act 2000 (FSMA) as Skilled Persons.
Our clients include the major international, U.S. regional and local broker-dealers, and many of the smaller firms seeking advice of the highest quality. We also represent securities exchanges, investment advisers, market makers, alternative trading systems, intermediaries, mutual fund distributors, dual- registered firms and insurance-affiliated broker-dealers, as well as public companies, boards of directors, audit committees and individuals. Because of our broad U.S. client base, we believe that we are uniquely qualified to opine on best practices and industry benchmarks in securities compliance and regulatory matters. Throughout the industry, we are known for bringing an extraordinary breadth and depth of knowledge to bear on the issues confronting our clients in the ever-changing regulatory climate.
We offer specialized assistance in the following general areas: Trading and Markets, Compliance, Derivatives, Securities Enforcement and Investigations, and Litigation and Private Client Defense/Arbitration. Through our London-based Financial Regulatory Practice, we offer financial regulatory advisory and enforcement and investigations services to businesses or individuals subject to the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA), the successor regimes to the FSA. In Japan, we assist both Japanese and foreign licensed securities firms with compliance, regulatory and enforcement matters.
Our team includes alumni of key federal regulators. We include in our numbers alumni of the U.S. SEC, the Federal Reserve and the FSA, predecessor regime to the U.K.’s FCA and PRA. Many of our partners were involved in the development of key securities and banking legislation or regulations, enhancing our institutional understanding of regulatory issues and their impact on broker-dealers. In addition, several of our lawyers have served in-house at leading broker-dealer organizations, giving us increased sensitivity to the business and management needs of our client base.
The broker-dealer practice is part of Bingham’s Financial Institutions Regulatory, Enforcement and Litigation Group,a core practice that the firm has made a significant, long-term commitment to grow and develop. This enables us to recruit leading legal personnel at all levels from key regulatory agencies and from the industry, deepening our knowledge base and providing clients with the most focused, cost-effective and appropriate level of representation.
From timely advice on the subtle nuances of a new regulation to a full-court-press response to parallel proceedings, we stand ready to provide clients with a broad spectrum of services in the United States, Europe and Asia.