Provided by Patrick Hayes
Capital Markets and Public Reporting
Corporate and Finance
Business and Fund Formation
Employee Benefits and Executive Compensation
Privacy and Data Security
Emerging Companies and Venture Capital
Patrick Hayes counsels registered investment advisers, broker-dealers, family offices, crypto and digital asset traders, and other financial professionals on managing and directing the effective integration of the Securities Act, Exchange Act, Investment Company Act and Advisers Act into his clients' compliance programs.
Patrick serves as Leader of the firm’s Investment Management practice and represents and supports advisers in the development and administration of their compliance programs, including the creation and implementation of written policies and procedures governing all activities of the adviser and any associated funds. His clients include wealth management firms, private equity advisers, family offices, ERISA investment fiduciaries, dual registrants, broker-dealers, cryptotraders, FinTech and Robo-advisers, mutual fund trusts, and institutional equity and fixed income asset managers.
As a member of the Corporate and Finance group, Patrick also serves as outside general counsel to draft, coordinate and review all legal documents of the adviser, including contracts, fund formation documents, adviser and fund regulatory filings and other related materials.
Patrick conducts due diligence and monitors activities of sub-advisers, third-party managers and relevant service providers, and will assist with matters before the Securities and Exchange Commission, Commodity Futures Trading Commission, Department of Justice, Financial Industry Regulatory Authority, North American Securities Administrators Association, as well as before state securities commissions, attorneys general and local authorities.
Combining his extensive knowledge of securities regulations with his experience in the corporate, crypto and digital asset fields, Patrick advises his clients across a broad array of evolving topics including name, image, and likeness (NIL) monetization and protection, non-fungible tokens (NFTs), personal branding and IP, estate planning, and other related legal matters.
In 2020, Patrick launched The Securities Compliance Podcast: Compliance in Context™, co-sponsored by Calfee and the National Society of Compliance Professionals, a nonprofit, membership organization dedicated to serving and supporting compliance professionals in the financial services industry. Patrick designed the podcast as a personal master class for the securities industry’s legal and compliance professionals.
Patrick serves on the board of directors for the National Society of Compliance Professionals and as co-chair of the NSCP's Governance Committee and a member of the Executive and Regulatory Advisory Committees. He carries both Series 7 and Series 24 securities licenses, and is licensed to practice law in the state of Ohio and the Commonwealth of Kentucky.
Prior to joining Calfee, Patrick served as Investment Management Counsel and Chief Compliance Officer at Graydon Compliance Solutions, LLC and Private Funds and Regulatory Compliance Officer at Fort Washington Investment Advisors, Inc.
Patrick earned his J.D. from the University of Cincinnati College of Law, where he was inducted into the Order of the Barristers for outstanding ability in appellate advocacy. He is also a recent recipient of the Cincinnati Business Courier's Forty Under 40 Award recognizing young professionals in Greater Cincinnati who are crafting successful careers while also giving back to their community.
He joined Calfee in 2019, and he was elected Partner in 2022.
National Society of Compliance Professionals, Board of Directors, Publications Committee, Regulatory Advisory Committee
University of Cincinnati Law Alumni Association, Immediate Past President
Cincinnati USA Regional Chamber, C-Change Leadership Program, Class 8
On October 19, 2020, Patrick launched The Securities Compliance Podcast: Compliance in Context™, co-sponsored by Calfee and the National Society of Compliance Professionals, a nonprofit, membership organization dedicated to serving and supporting compliance professionals in the financial services industry. Patrick designed the podcast as a personal master class for the securities industry’s legal and compliance professionals.
The goal of the podcast series is to put Compliance In Context by combining the technical expertise of industry thought leaders and innovators with the practical experience of doers and key decision makers.
The first segment of each episode covers the provocative and trending compliance topics of the day, and the second segment features an expert guest participating in a deep-dive discussion of a significant topic affecting the industry. The final segment of each episode will feature one of four unique recurring series, including comical stories in the investment management industry and new regulatory guidance on controversial issues.
"Let's Go Crazy – A Princely Look at How the SEC's New Marketing Rule Impacts Solicitors and State Licensing and Registration," Co-Author, National Society of Compliance Professionals Currents publication (September 2021)
The Revenant of Fair Value Cometh for Fixed Income Markets," Co-Author, National Society of Compliance Professionals Currents publication (September 2020)
"Navigating the Impact of COVID-19 for Registered Investment Advisers and Broker-Dealers," Co-Author, National Society of Compliance Professionals Currents publication (April 2020)
Expert in these Jurisdictions
University of Cincinnati College of Law
University of Notre Dame
B.A., magna cum laude
Forty Under 40 Honoree
Cincinnati Business Courier
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