Hayley Trahan-Liptak

Practice Areas

Hayley Trahan-Liptak is a partner in the Investigations, Enforcement, and White Collar practice group. She advises national and global clients on government investigations, regulatory enforcement actions, internal investigations, white-collar defense, and complex civil litigation matters.

Hayley represents public companies, individuals, investment advisors, and financial institutions in connection with investigation and enforcement actions before various state and federal regulators, including the Securities and Exchange Commission (SEC), the U.S. Department of Justice (DOJ), the Financial Industry Regulatory Authority (FINRA), and state attorneys general.

Hayley has conducted investigations spanning the globe, including in the U.S., Russia, China, Korea, and parts of Europe. Her work encompasses a variety of industries including manufacturing, biotechnology, pharmaceuticals, healthcare, financial services, and energy. She is adept at identifying legal and business risks that may materialize during an enforcement matter or investigation and working with clients to strategize effective resolutions.

Her experience includes, among other things:

Foreign Corrupt Practices Act (FCPA) and other anti-corruption and anti-bribery laws, including matters with a focus on China and Russia;

Securities enforcement, including insider trading, accounting fraud, record keeping issues and other securities fraud allegations;

Internal investigations and compliance program reviews, including anti-corruption, internal controls, accounting practices, and anti-money laundering;

Data privacy and cross-border transfer of data in compliance with global data privacy laws; and

Responding to investigations by state attorneys general into consumer protection, highly regulated consumer goods, and other state law issues.

Hayley maintains an active pro bono practice and works with Kids in Need of Defense (KIND) and the Political Asylum/Immigration Representation (PAIR) project, representing unaccompanied immigrant children in immigration proceedings. She serves as an Executive Board Member for the Massachusetts 4-H Foundation and is a member of the Greater Boston Chamber of Commerce’s City Awake Advisory Board.

Professional Memberships

Member, Women in White Collar Defense Association

Executive Board Member, Massachusetts 4-H Foundation

Attorney Coach, Westford Academy Mock Trial, Massachusetts High School Mock Trial

Member, Greater Boston Chamber of Commerce City Awake Advisory Board

Publications

“Next Up: US Securities and Exchange Commission Zooms in on Investment Adviser as Part of Ongoing Off-Channel Communication Sweep,” The Investment Lawyer, August 2024

“The Department of Justice Wants You to Call. And It Wants You to Put Its Number on Speed Dial,” The Journal of Federal Agency Action, September-October 2024

“PE Firms Should Prepare For False Claims Scrutiny,” Law360, 5 August 2024

“Message Received: SEC Zeros in on Off-Channel Communication,” The Investment Lawyer, July 2023

“Lenders May Be the Next Government Focus for PPP Fraud,” The Banking Law Journal, June 2023

Note, Prohibiting Barriers to the Booth: The Case for a Limited Extension of Nationwide Preclearance, 34 B.C. J.L. & SOC. JUST. (2013)

Contributing Author, Breaking Barriers, The Unfinished Story of Women Lawyers and Judges in Massachusetts (Patti Saris, Margot Botsford, Barbara Berenson eds., 2012)

Education