With broker-dealers and a myriad of financial institutions among the group’s varied client base, Jones Day can be highlighted for its range of cross-border work such as securities transactions. The breadth of its broker dealer stands out, from equity market structure issues to regulation on the creation and maintenance of the CAT onto broker-dealers and their clients. Laura Pruitt in Washington DC is noted for her knowledge of broker-dealer regulation. Brett P. Barragate and Jayant Tambe in New York lead the team, a pair which is skilled in exemptions from registration, registrations, and compliance advice as a whole.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- ‘High quality of expertise and service. Very responsive and knowledgeable. Very strong in the financial regulatory space.’
‘Laura Pruitt is a star in the securities regulation area. Super knowledge of broker-dealer regulation and financial markets.’
Key clients
- Foris Dax, Inc., d/b/a Crypto.com
- Citadel Securities, LLC
Work highlights
Acted for Citadel Securities LLC, Jones Day in successfully challenging the SEC's September 6, 2023 order setting forth the funding model for the Consolidated Audit Trail (CAT).
Acted for a trade association client in obtaining no-action relief from Exchange Act Rule 15c2-11 with respect to asset-backed securities ("ABS") of certain issuers operating in reliance on a previous SEC Staff no-action letter that had allowed the issuers to cease reporting obligations if certain conditions are met.
Acted for Foris Dax, Inc. d/b/a Cyrypto.com in a lawsuit in October 2024 against the SEC in the federal district court for the Eastern District of Texas, seeking declaratory and injunctive relief to prevent the SEC from unlawfully expanding its jurisdiction to cover secondary market sales of certain network tokens sold on Crypto.com’s platform.
Practice head
Brett P. Barragate; Jayant Tambe
Other key lawyers
Laura Pruitt