We advise market participants on regulatory developments affecting the trading markets, including Regulation NMS, Regulation SHO, short sale requirements, decimalization of the markets and the development of trading platforms. We are in regular dialogue with the regulators regarding significant market structure issues, and have helped our clients to obtain no-action relief from the SEC and SROs. We frequently prepare comment letters and testimony on behalf of our clients on emerging topics.
We are active in advising on major projects with mixed elements of business and regulatory strategy, including:
Advising the Securities Industry and Financial Market Association, the International Swaps and Derivatives Association, Inc. and other trade associations on current issues, including financial market crisis issues, regulatory reform and short sales
Counseling non-U.S. exchanges and clearing organizations on U.S. activities and strategic alliances
Representing SROs in evaluating their governance and other regulated activities
Crafting proposed rule changes and negotiating contracts for new business initiatives
- Developing strategies for compliance with regulatory mandates and enforcement settlements