MICHAEL PROCTOR advises broker-dealers, hedge funds, and other financial services firms on a wide variety of regulatory, enforcement, compliance, and transactional matters. In this capacity, he has represented clients before the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority, and various state securities regulators.
Recent engagements include:
- Representation of a major broker-dealer in an SEC investigation involving short sales and Regulation SHO.
- Representation of a hedge fund in an SEC investigation involving Rule 105 of Regulation M.
- Representation of a large financial institution in a CFTC investigation involving derivatives.
- Representation of a hedge fund concerning its compliance with the ownership reporting requirements and related liability under Sections 13 and 16 of the Securities Exchange Act of 1934.
Before joining the firm, Michael was a law clerk in the Division of Enforcement at the SEC. He also served as a law clerk in the Whistleblower Office at the CFTC.