W Hardy Callcott

Practice Areas

Hardy Callcott's practice concentrates on enforcement defense and regulatory counseling concerning securities market and regulatory issues for broker-dealers, investment advisers, mutual funds and others in the financial services industry. He provides securities enforcement defense before the SEC, Department of Justice, FINRA and other SRO and state regulators for members of financial services industry, public companies and officers and directors. He also conducts internal investigations.

Enforcement matters:

Representing senior executive of broker-dealer in SEC investigation of separately managed account trading;

Representing regional broker-dealer in SEC/FINRA investigations of potential cross trades; representing consultant in SEC investigation of potential unregistered municipal advisor activity;

Representing public company in SEC investigation of potential “channel-stuffing” activities alleged by whistleblower;

Represented cryptocurrency startup in SEC investigation of potential SEC registration issues; investigation closed without action

Counseling matters:

Represented newly formed insurance holding company in obtaining FINRA approval of change in control of broker-dealer

Represented bank-affiliated broker-dealers in implementation of robo-adviser service

Represented cryptocurrency foundation in obtaining SEC guidance that tokens were no longer securities

Represented multiple broker-dealers in responding to SEC and FINRA exams on AML issues

Represented national broker-dealer in connection with prospectus delivery issues and subsequent rescission offer and regulatory self-reporting