Addressing a broad array of matters of interest to lawyers representing or regulating banks, insurance companies, investment advisers and other financial services businesses.

News

Expungement: Renewed Controversy, More Change

Expungement is the process by which a registered representative gets his slate wiped clean of a customer complaint.  Controversy over the expungement process is not new.  In rule changes and related guidance since the 1990s, the Financial Industry Regulatory Authority (“FINRA”) has sought to allay persistent claims that expungement is too readily available, with not enough oversight.  On the other hand, FINRA also recently proposed rules to provide an express expungement procedure for registered representatives who are not named in an arbitration, but whose industry records must nonetheless reflect that they are the subject of a customer claim. 
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BBA Presentation Summary: Meet the Bank Regulators’ Lawyers

On Friday, November 22, 2013, a panel of senior bank regulatory attorneys shared insights on their respective roles along with perspectives on a variety of developing trends affecting financial institutions in New England. The panel consisted of David Schecker from the Federal Deposit Insurance Corporation, Merrily S. Storm Gerrish of the Massachusetts Division of Banks, and Christine A. Docherty from the Federal Reserve Bank of Boston.
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Financial Services Committees

  • Banking Committee
    This committee deals with a broad array of matters of interest to banks and other financial institutions, focusing in particular on relevant legislative and regulatory developments.

    Contact Information

    Sean P. Mahoney

    K&L Gates LLP

    (617) 261-3202

    Barbara Keefe

    State Street Corporation

    (617) 786-3000

  • Broker-Dealer Committee
    The Committee focuses on legal and regulatory issues relevant to the broker-dealer community, such as the establishment and operation of broker-dealers, industry developments, key enforcement, litigation and arbitration decisions and compliance challenges.

    Contact Information

    James P. Lucking

    Lucking LLC

    (617) 903-0750

    Mark L. Keene

    Bank of America

    (617) 434-7223

    Hillary Pelletier

    LPL Financial LLC

    (617) 897-4776

  • Civil Enforcement Committee
    This Committee focuses on how financial services firms interact with their regulators in the context of civil enforcement, addressing issues arising from investigations, examinations, litigation, compliance, settlement, and related concerns.

    Contact Information

    Luke T. Cadigan

    K&L Gates LLP

    (617) 261-3118

    Eben Prentice Colby

    Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates

    (617) 573-4855

  • Communications Committee
    This is a joint committee between the Business Transactions and Financial Services Sections. This committee publishes information relevant to the business bar. If you are interested in an editorial position or writing an article, please contact the Co-Chairs.

    Contact Information

    Scott P. Macbeth

    EMC Corporation

    (508) 249-1492

  • Financial Services Public Policy Committee
    This is a joint committee between the Business Transactions and Financial Services Sections. The BBA is very active on the legislative front. Often times, business attorneys are asked to lend their expertise.
  • Financial Services Public Service Committee
    This is a joint committee between the Business Transactions and Financial Services Section. This committee enables business attorneys to perform pro bono work for individuals and organizations.
  • Insurance Law Committee
    This committee covers all areas of insurance law, including property, casualty, life, health, disability, professional liability, fidelity, surety, excess surplus and reinsurance, from the perspective of policyholders, carriers and third parties.

    Contact Information

    Amy J. Bowman

    Berkshire Hathaway Specialty Insurance

    Steven P. Wright

    K&L Gates LLP

    (617) 261-3164

    Eric Hermanson

    White and Williams LLP

    ((617)) 748-5200

  • Investment Companies and Advisers Committee
    This committee meets to discuss matters affecting investment advisers, mutual funds and private funds, including proposed legislation, developments in federal and state regulation, evolving legal issues and compliance challenges

    Contact Information

    Carlo Forcione

    Putnam Investments

    (617) 760-1224

    Peter Fariel

    Rimon, P.C.

    (617) 860-2264

  • Steering Committee
    The leadership committee of the Section organizes programs and discusses policy. To inquire about opportunities, please contact the Section Co-Chairs.