Paul McCurdy chairs the firm’s Broker-Dealer practice group. Paul represents retail, clearing and direct access broker-dealers, investment banking and advisory firms in regulatory, enforcement, compliance, corporate and litigation matters. Paul’s clients express that he has “unique knowledge of the industry that many lawyers don’t have.”
Many of Paul’s client relationships span decades, affirming their high level of trust in him. Paul’s knowledge of the law and the nuts and bolts of the financial services industry enables him to develop a strong level of credibility in the financial institutions community. In addition, his client-centric approach of listening first, demonstrating respect, clarifying expectations and honoring commitments remains critically valuable to today’s business leaders.
Paul represents clients in internal investigations, routine and risk-based examinations, enforcement proceedings and state registration matters. He actively advises 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. He has counseled and defended witnesses in regulatory matters in more than 200 on-the-record interviews before the SEC, FINRA and other government agencies.
Paul’s specific experience in these areas includes advising clients on SEC and FINRA regulatory requirements, formation, applying for FINRA membership and registration of broker-dealers investment advisers. Paul also assists broker-dealers in their start-up phase and developing compliance procedures, and drafting and reviewing counterparty and customer documents, give-up and introducing broker agreements. In addition, he negotiates brokerage-related services, software and agreements, and high-level employment agreements for financial services executives.
Paul has held numerous leadership positions at Kelley Drye, including chairman of the firm.
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
Represented domestic and international broker-dealers in complex AML investigations.
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 the 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.
Securities Industry and Financial Markets Association (SIFMA), Legal & Compliance Division
Connecticut Bar Association
New York State Bar Association