Updated 3:52 p.m.
Morrison & Foerster has expanded its securities enforcement practice with the addition of a lawyer to its Washington office, the firm announced Wednesday.
Daniel Nathan, formerly vice president and regional enforcement director at the Financial Industry Regulatory Authority, joins as a partner.
Nathan, who spent five years at the authority, oversaw a team of 70 attorneys across 15 offices, which brought about 900 disciplinary actions a year. He previously served as assistant director in the Security and Exchange Commission’s division of enforcement for 12 years, and also spent nine years with the U.S. Commodity Futures Trading Commission and created the Office of Cooperative Enforcement, which coordinated enforcement among the Department of Justice, the SEC and state authorities.
“With more than 25 years inside three of the country’s leading regulatory and enforcement authorities, Dan is uniquely equipped to help clients facing a wide range of regulatory and enforcement activity,” Jordan Eth, co-chair of Morrison & Foerster’s securities litigation, enforcement and white collar defense group, said in a written statement.
In an email to Legal Times, Nathan said that he left the authority to put his experience to work representing financial institutions, among other clients.
“I'm looking forward to helping these clients avoid regulatory problems as early as possible in the government and SRO examination and investigation processes," Nathan wrote. “At FINRA, I oversaw a number of important sweeps, working with teams of talented attorneys and examiners in investigating and disciplining firms and individuals who made widespread unsuitable sales of alternative products. These included auction rate securities, private placements and CDOs. We also took a hard look at firms that overcharged customers for run-of-the-mill securities trades by charging so-called "postage and handling fees.”
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