Fuad Rana
Represents issuers, financial institutions and individuals in government investigations. Served as Assistant Director in the SEC Enforcement Division.
Fuad represents companies, financial institutions and individuals in investigations before the SEC, DOJ and other regulatory authorities. He also conducts internal investigations on behalf of companies and advises clients on regulatory compliance and mitigating enforcement risk.
Fuad was previously Assistant Director in the SEC’s Division of Enforcement, where he led investigations across the agency’s enforcement jurisdiction, with particular focus on matters involving public company accounting and disclosure, broker-dealers, auditor liability and the FCPA. He also supervised investigations in emerging areas such as ESG, cybersecurity and Regulation Best Interest. Fuad played a lead role in several “sweeps” and initiatives focused on public company financial reporting, including the Division’s Earnings Per Share Initiative. He has significant experience conducting cross-border investigations, including coordinating multi-jurisdiction resolutions with foreign authorities.
Experience
SEC Investigations
- Obtained termination notice for large technology public company concerning accounting for supplier rebates
- Obtained termination notice for a former CEO of a public company after staff had issued a Wells notice in an investigation into alleged disclosure violations
- Obtained termination notice for a CEO in a SPAC-related investigation
- A large financial services institution in parallel settlements with the SEC, DOJ and FINRA relating to market manipulation
- A medical device manufacturer in an SEC settlement related to alleged accounting and disclosure violations
- A hedge fund adviser in an SEC settlement relating to alleged Rule 105 violations
Other Government and Internal Investigations
- J.P. Morgan Securities in connection with the resolution of a trade surveillance matter with the CFTC
- A large financial institution in an internal investigation concerning internal controls
- A global financial institution in an internal investigation concerning the valuation of a private equity investment
- Multiple regulated entities in SEC examinations
Insights
News
Education
- magna cum laude
- Order of the Coif
- Executive Articles Editor, Georgetown Law Journal
- magna cum laude
Clerkships
Prior experience
- U.S. Securities and Exchange Commission, 2011-2023
- Assistant Director, Division of Enforcement, 2015-2023
- Senior Counsel, Division of Enforcement, 2011-2015
- Associate, Covington & Burling, 2003-2004, 2005-2010
Qualifications and admissions
- Commonwealth of Virginia
- District of Columbia