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Our Financial Services Industry Group brings the depth of experience and legal insights needed to assist clients in the financial services industry stay ahead of today’s ever-changing economic and regulatory environments. Our clients include private banks, commercial lenders, broker-dealers, investment banks, private equity firms and asset managers.

We provide transactional, regulatory and litigation counsel to clients in most of the country’s largest money centers, and we work seamlessly across practices and offices to provide a coordinated approach to each client engagement.

Financial Services

Our multidisciplinary group assists financial companies with legal services, including:

  • Corporate and Securities
  • Securities and Corporate Governance Litigation
  • Government and Regulatory Affairs
  • Intellectual Property
  • Investment Management
  • Labor and Employment
  • Information Privacy, Security and Governance
  • Broker-Dealer
  • Best Interest Compliance

Corporate and Securities

Our lawyers provide a full range of services to public and private companies, financial institutions, and institutional and individual investors.

We have extensive experience leading mergers and acquisitions, joint ventures, debt financings, restructurings and reorganizations, public and private securities offerings and venture capital investments. We leverage our strong full-service firm platform to manage these engagements.

Securities and Corporate Governance Litigation

We handle all types of business litigation challenges financial services businesses face and have the talent and experience to prepare and effectively defend industry clients. Our lawyers have assisted clients with debtor-creditor disputes, breach of contract actions, consumer class action suits, securities and corporate governance litigation, intellectual property claims and regulatory enforcement actions.

When matters cannot be resolved, we have skilled and effective trial and appellate lawyers, with experience in courts throughout the country. Our securities industry group also handles broker-dealer defense, broker-customer arbitrations and employment and ERISA issues.

We also counsel financial services clients, including investment banks, institutional investors, and broker-dealers, on SEC and other regulatory compliance issues. We have secured many reported decisions protecting industry professionals from an expansive definition of liability under the securities, racketeering and consumer protection statutes.

Government and Regulatory Affairs

We regularly counsel clients in heavily regulated areas, including antitrust, appropriations, communications and intellectual property. We draw on years of experience in representing businesses before government agencies, in analyzing and advocating for the development of legislation and associated regulations, and, where necessary, in litigating with regulators  on our client’s behalf.

Intellectual Property

Our intellectual property lawyers understand that trademarks, trade names and brands are often a financial services client’s “crown jewels.”  We advise financial services companies on ways to protect their global trademark portfolios and also counsel on copyright and licensing issues.

Investment Management

We provide national and multinational financial services businesses with sophisticated legal advice and the most up-to-date guidance on investment management matters.  These include federal and state regulatory compliance, business formation, board governance, transactions, mergers and acquisitions, initial public offerings, distribution matters, enforcement and litigation proceedings, registration, documentation and agreements, operational issues and product design and creation, among other issues.

Our representation focuses on investment companies, private funds and alternative products, commodity and derivative financial products, as well as investment advisers and broker-dealers. 

Labor and Employment

Our labor and employment lawyers help financial services clients with the full range of labor and employment needs.  We counsel clients regularly on best practices and compliance issues.  We have successfully litigated hundreds of cases in state and federal courts throughout the country regarding a wide range of labor and employment issues, including discrimination, retaliation, harassment, wrongful termination, FMLA, wage and hour, privacy and whistleblower claims.

Information Privacy, Security and Governance

Our information privacy, security and governance professionals help clients in the financial services industry understand and comply with laws regarding the use and transfer of personal information, including the California Consumer Privacy Act (CCPA), General Data Protection Regulation (GDPR), Gramm-Leach-Bliley Act (GLBA) and Fair Credit Reporting Act (FCRA). We provide a full range of services designed to meet client needs, including auditing existing policies and procedures; advising on data collection, use and disclosure activities; structuring outsourcing contracts; investigating and responding to data security incidents; and defending against privacy and security class actions. Learn more by visiting our DBR On Data blog (www.dbrondata.com).

Broker-Dealer

The Broker-Dealer Team at Drinker Biddle provides practical insights on litigation, regulatory, compliance and fiduciary issues impacting broker-dealers and registered investment advisers, who constantly face challenging regulatory requirements and risks. Our clients include national retail brokerage firms as well as smaller regional firms, Registered Investment Advisors (RIAs) and other financial services providers. We handle broker/adviser-customer and broker/adviser-employee litigations and arbitrations, regulatory inquiries, disciplinary hearings and appeals, and counsel on regulatory matters. In addition, we represent clients in an array of employment and ERISA disputes.

Our attorneys are frequently speak and author articles about these issues and the team maintains a blog devoted to Broker-Dealer Regulation & Litigation Insights (www.brokerdealerlawblog.com). We keep our clients informed on Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Employment Retirement Income Security Act (ERISA) and other related developments, as well as emerging legal issues and strategies.

Best Interest Compliance

Our national Best Interest Compliance Team assists clients with the evolving and overlapping federal and state regulations related to the standard of care for broker-dealers, investment advisers, and insurance companies, agents and brokers.

The interdisciplinary group of more than 25 lawyers consists of attorneys from the firm’s Investment Management, ERISA, SEC and Regulatory Enforcement Defense, Litigation/FINRA Arbitration, including class action defense, and Insurance Regulatory and Transactional practice areas. The team includes experienced litigators, legislative professionals, compliance supervisors and former regulators.

We actively assist investment managers, broker-dealers, registered investment advisers, retirement plan/IRA service providers and insurance companies with the challenges resulting from the ever-changing regulations from the SEC, FINRA, the Department of Labor and state agencies related to fiduciary requirements and best interest duties.