Paul McCurdy is a partner in the firm’s Stamford and New York offices and chair of the firm’s Broker-Dealer practice group. Mr. McCurdy has held numerous leadership positions at Kelley Drye, including Chairman of the firm.
Mr. McCurdy focuses his practice on representing financial services firms (investment banking, retail, clearing and direct access broker-dealers and advisory firms) in regulatory, enforcement, compliance, corporate and litigation matters. Having been ranked nationally as a leading practitioner in the Broker-Dealer area by Chambers USA, clients tell Chambers that Mr. McCurdy has “unique knowledge of the industry that many lawyers don’t have.”
He represents clients in internal investigations, routine and risk-based examinations, enforcement proceedings and state registration issues. He actively counsels clients on all relevant aspects of broker-dealer regulation, anti-money laundering (USA Patriot Act compliance), market abuse, trading, trade disputes, customer complaints, clearing agreements, supervision, regulatory capital, short selling, insider trading, finder arrangements, registration and sales practices issues. He has represented and defended witnesses in regulatory matters in more than 200 on-the-record interviews before the SEC, FINRA and state regulators.
His specific experience in these areas includes advising clients on SEC and FINRA regulatory requirements, formation and registration of investment advisers, Investment Company Act, Investment Advisers Act, Exchange Act and SRO compliance issues, including Section 28 (e) “soft dollar” compliance.
Mr. McCurdy also regularly assists broker-dealers in their start-up phase and application for membership and the development of compliance policies and procedures, drafting and reviewing counterparty and customer documentation; clearing, give-up and introducing broker agreements. In addition, he regularly assists clients negotiating technology agreements for all types of brokerage related services. Mr. McCurdy negotiates high-level executive employment agreements for senior executives of financial services firms.
Represented an international broker-dealer in complex AML investigation.
Represented an exchange specialist firm in a Securities and Exchange Commission (SEC) administrative law hearing.
Represented a fully disclosed clearing firm in an arbitration resulting in recovery of 100 percent of claims plus attorneys’ fees.
Represented clients in dozens of New York Stock Exchange (NYSE) hearing panel decisions and Financial Industry Regulatory Authority (FINRA) letters of acceptance, waiver and consent (AWCs).
Represented an international broker-dealer in a mutual fund B-share investigation.
Represented former NYSE directors in the New York Attorney General v. Grasso litigation.
Represented numerous broker-dealers in 15c3-1, 15c3-3 and supervisory investigations.
Represented retail firms in dozens of regulatory investigations and arbitrations.
Memberships & Associations
Securities Industry and Financial Markets Association (SIFMA), Legal & Compliance Division
Connecticut Bar Association
New York State Bar Association
Financial Industry Regulatory Authority Arbitrator, Chairperson
Saugatuck Harbor Yacht Club, Commodore, 2014-2015
Lafayette College, Board of Trustees, 2010-2014 (Committees on Compensation; Alumni Affairs and Development; and External Communications)
Lafayette College Alumni Association, President, 2008-2010
Joe Torre Safe-@-Home Foundation, Development Committee, 2003-2008
Department of Parks & Recreation, Town of New Canaan, Conn., Commissioner, 1999-2005
YMCA, New Canaan, Conn., Director, 1997-2003
Stamford Symphony Orchestra, Director, 1997-1999
YMCA, Stamford, Conn., Director, 1992-1995
Honors & Awards
Recognized nationally as a leading practitioner in the Broker-Dealer area by Chambers USA, 2008-2012, 2014-2015.
Listed in New York “Super Lawyers,” 2015.
Martindale-Hubbell — A/V Rated.