Andrew Joseph Shipe

Andrew Joseph Shipe

Counsel

Andrew Shipe concentrates his practice on the regulation of securities and derivatives brokers and asset managers. His work includes counseling on mergers and acquisitions, securing regulatory approvals for new operations and changes in control, compliance with FINRA and other self-regulatory organization rules, negotiating advisory agreements, and the qualifications of personnel. As part of his practice, Mr. Shipe regularly counsels financial institutions from Europe and Latin America as to doing business in the United States. Mr. Shipe also advises exchanges and trade execution platforms on compliance with the US securities laws and the Commodity Exchange Act.

Mr. Shipe joined the firm after service with the Securities and Exchange Commission and the Commodity Futures Trading Commission. His government experience includes:

  • advice and formulation of policy on broker-dealer registration, compensation, and investment marketing;
  • counseling agency staff regarding investigations and litigation in cases involving revenue sharing, mutual fund marketing, and market timing; and
  • formulation of rules governing financial intermediaries and handling requests for exemptions from regulations.

Mr. Shipe began his career as a prosecutor in the Office of the Bronx District Attorney in New York City, where he was responsible for criminal investigations, trials and appellate litigation.

Mr. Shipe has an interdisciplinary practice that also includes advising alternative financial services providers on the creation of new, unusual and innovative products, such as binary event options and prediction markets, as well as advising financial firms as to the legitimate and illegitimate uses of cryptocurrencies.

Experience

  • Private equity firm in the sale of a portfolio insurance firm, including its broker-dealer and investment advisory subsidiaries, in a $4.3 billion transaction. Prepared and handled regulatory filings, successful requests for approvals from FINRA and other regulators, and customer consents.
  • Major institutional investor in negotiating derivatives clearing and securities lending agreements.
  • Counseling US and foreign broker-dealers, asset managers, banks, and derivatives firms as to compliance with federal and state securities laws and the rules of self-regulatory organizations, including FINRA and the National Futures Association.
  • Advising securities and derivatives market participants on trade execution, clearing, and regulatory reporting.
  • Advising broker-dealers in the process of withdrawing from business, terminating membership in clearing and self-regulatory organizations, and the wind-down of operations.
  • Advising banks and their affiliates as to their securities activities under the Volcker Rule, SEC Regulation R, and the Dodd-Frank Act.
  • Counseling clients as to the development of innovative investment, derivative, and payment products.
  • Legislative and regulatory advocacy on behalf of financial firms and industry associations.

Credentials

Education
  • JD, Fordham University School of Law, 1992
  • BSFS, Georgetown University School of Foreign Service, 1989
Admissions
  • District of Columbia
  • Maryland
  • New York
Government and Military Service
  • Special Counsel, Division of Market Regulation, US Securities and Exchange Commission

  • Counsel, Enforcement and Regulatory Divisions, Commodity Futures Trading Commission

  • Prosecutor, Office of the Bronx District Attorney, New York City
Overview

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