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Mayer Brown

71 SOUTH WACKER DRIVE, CHICAGO, IL 60606, USA
Tel:
Work +1 312 782 0600
Fax:
Fax +1 312 701 7711
Email:
Web:
www.mayerbrown.com

Richard Rosenfeld

Tel:
Work +1 212 506 2178
Email:
Mayer Brown

Work Department

Litigation

Position

Richard M. Rosenfeld is co-lead of Mayer Brown's US Securities Litigation & Enforcement group working from both the Washington, DC and New York offices. Richard has nearly 17 years of experience practicing in the securities field, including more than a decade in government regulatory and enforcement positions. Most recently, he was asked to return to the government from private practice in the midst of the financial crisis to serve as Chief Investigative Counsel in the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP). In his role at SIGTARP, Richard helped build and lead a team of top white collar, securities and bank fraud specialists tasked with conducting criminal and civil investigations into some of the most complex bank, securities and mortgage frauds in US history. He managed more than 80 lawyers, federal agents, accountants and analysts pursuing more than 150 investigations. Additionally, he led SIGTARP’s involvement in several of the TARP-related bailout programs, including the investment management agreements for the more than $100 billion Public/Private Investment program. In private practice, Richard represents financial institutions, funds, companies and individuals in a variety of business, regulatory and compliance issues. He advises on transactions, policies and procedures, investigations, regulatory enforcement and litigation before the SEC, other financial services regulators and the US Department of Justice. These matters typically involve allegations of fraud, whether it be financial reporting violations, insider trading, market manipulation, or other regulatory or compliance issues. Richard has substantial securities litigation experience in the federal courts, in addition to leading internal investigations and advising clients on regulatory compliance, corporate governance and other SEC-related issues. Earlier in his career, he served in the Division of Enforcement at the SEC. During his time with the Commission, he handled some of the most complex securities frauds in SEC history and was detailed as a special prosecutor to multiple US Attorney’s offices across the country to assist in matters involving cross border money laundering, tax evasion and securities, bank, mail and wire fraud. He ended his career with the Commission as the first and only internationally based SEC representative in London where he organized, managed and directed one of the largest multinational financial fraud litigations in SEC history and worked with the highest ranking regulators of several countries to address cooperation in international securities matters. Richard was a partner at two prominent firms in London and Washington, DC prior to his return to the government to assist with the bailout.

Education

Rutgers University, BA, with highest honors Cornell Law School, JD


United States: Dispute resolution

Securities litigation - defense

Within: Securities litigation - defense

Mayer Brown has 'a very strong practice across the board' and one client remarks that 'its litigation practice is first rate but reasonable in terms of cost'. The firm combines compliance, investigation, enforcement, litigation and appellate capabilities, and is frequently called upon by leading financial institutions. Joseph De Simone in New York and, in Washington DC, Richard Rosenfeld and Matthew Rossi are the lead partners. In New York, Matthew Ingber and Christopher Houpt acted for Bank of New York Mellon in litigation relating to its role as trustee of residential mortgage-backed securities, in which issues around the distribution of the $8.5bn settlement remain to be resolved. De Simone, Ingber and Richard Spehr handled securities and derivative actions for Frontier Communications that allege improprieties by its directors and officers. Steven Wolowitz, who handled high-stakes class actions for Société Générale, including In Re Libor-Based Financial Instruments Antitrust Litigation and Sonterra v UBS AG, et al, is also recommended.

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