Financial Services

Experience Highlights

• Several banks regarding compliance with the New York Department of Financial Services' Part 500 cybersecurity rules.
• Many banks and broker-dealers regarding sweep deposits and brokered CD programs.
• Wealth management arms of several prominent banking organizations on strategic issues, acquisitions, employment matters, products and services documentation, customer-facing agreements, negotiation of vendor agreements, and a broad range of bank and securities regulatory compliance issues.
• Multiple banking organizations in the design, documentation, formation, offering, and operation of private investment funds for institutional and high-net-worth investors.
• Multiple domestic and foreign banks, securities firms and other financial services firms on AML/BSA compliance, investigations and enforcement matters.
• Multiple banks on investments in and acquisitions of FinTech companies, finance businesses, broker-dealers, and investment advisers.
• Multiple US and foreign banks on Volcker Rule and merchant banking rule compliance in structuring joint ventures, investment programs and private fund products.
• Piermont Bank on all aspects of forming a new state-chartered bank, including advice and processing of all regulatory applications, corporate governance advice and initial capital raise.
• Multiple banks as lenders on Paycheck Protection Program (PPP) requirements, documentation and processes.
• Financial services firms and borrowers regarding (1) new financing facilities under the COVID-19 emergency Federal Reserve and CARES Act financing facilities, and (2) the enforcement and litigation considerations associated with these financing programs and regulatory guidance.