Partner mshaffer@thsh.com 212-508-6773 LinkedIn
Mark D. Shaffer
Partner mshaffer@thsh.com 212-508-6773 LinkedIn
Mark D. Shaffer
Partner mshaffer@thsh.com 212-508-6773 LinkedIn
Biography
Mark Shaffer has over 20 years’ experience, both in private practice and as an in-house attorney and chief compliance officer, representing U.S. and foreign broker-dealers, banks, investment advisers, cryptocurrency businesses and their employees, officers and directors in government and internal investigations and regulatory proceedings before the U.S. Department of Justice, the Securities and Exchange Commission (SEC), FINRA, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the CFTC, and various state regulatory agencies and state attorneys general offices.
Investigations and enforcement matters have included issues relating to alleged bribery and corruption, the sale of unregistered securities, currency and equities market manipulation, collusion, insider trading, money laundering, OFAC sanctions violations, false statements and accounting fraud.
Mark also advises clients on a broad range of regulatory and compliance matters relating to SEC and FINRA rules and regulations, FRB and other banking regulations, the FCPA, and Bank Secrecy Act (BSA)/anti-money laundering (AML) laws and regulations. He provides guidance to clients related to the application of such laws and regulations, and how they map onto new technologies and innovative products, and he has significant experience working with non-U.S. financial institutions in understanding, complying and interacting with the U.S. regulatory landscape.
Mark assists clients in developing and implementing compliance programs and regulatory remediation plans. He also assists companies in staying current on material changes to applicable laws, rules and regulations, and helps to develop or amend their policies, procedures, controls and compliance manuals, and delivers related training.
Prior to joining the firm, Mark practiced at major law firms in New York and in Washington, D.C., and served as an in-house counsel and compliance officer at several global financial institutions. Mark clerked for Judge Richard L. Nygaard of the United States Court of Appeals for the Third Circuit.
Concentrations
- Broker dealer and banking regulations and enforcement
- Investment management/private investment funds
- Digital assets
- Corporate governance
- Successfully represented a non-U.S. financial institution in a multi-year CFTC investigation into alleged collusion in the FX market that was discontinued with no recommendation of an enforcement action against the company or any of its management.
- Successfully represented a non-U.S. financial institution in a multi-year investigation by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and other government agencies into alleged violations of numerous U.S. sanctions programs. Achieved favorable settlement with all government entities.
- BNY Mellon
- Chief Compliance Officer, BNY Trust Company of Canada and BNY Mellon, Toronto Branch
- Director, Asset Servicing, Digital and Issuer Services (Corporate Trust and Depositary Receipts) Compliance
- Director, Global Head of Compliance Policies and Communications; Head of Regulatory Compliance, Americas, Deutsche Bank
- Director/Counsel, Head of U.S. Regulatory Advisory, Investigations and Litigation; U.S. Data Protection Officer, UniCredit Bank AG
- Vice President and Legal Counsel, Morgan Stanley
- Board Member, Cathedral Parkway Apartments Corp.
- J.D., Highest Honors, The George Washington University Law School
- Editor, The George Washington Law Review
- M.A., History, James Madison University
- B.A., cum laude, James Madison University
- Hon. Richard L. Nygaard, U.S. Court of Appeals for the Third Circuit, 2001-2002
Publications
- The SEC Wins First Insider Trading Case Based on So-Called “Shadow Trading” Theory
- Revised Dealer Rules
- Investment Fund Manager Update on Self-Employment Limited Partner Exception: Tax Court Holds that Limited Partners May Be Subject to Self-Employment Tax
- SEC Releases Examination Priorities for 2024
- Newly Formed Reporting Entities in 2024 Will Have 90 Days to Report Beneficial Ownership Information
Mark Shaffer has over 20 years’ experience, both in private practice and as an in-house attorney and chief compliance officer, representing U.S. and foreign broker-dealers, banks, investment advisers, cryptocurrency businesses and their employees, officers and directors in government and internal investigations and regulatory proceedings before the U.S. Department of Justice, the Securities and Exchange Commission (SEC), FINRA, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the CFTC, and various state regulatory agencies and state attorneys general offices.
Investigations and enforcement matters have included issues relating to alleged bribery and corruption, the sale of unregistered securities, currency and equities market manipulation, collusion, insider trading, money laundering, OFAC sanctions violations, false statements and accounting fraud.
Mark also advises clients on a broad range of regulatory and compliance matters relating to SEC and FINRA rules and regulations, FRB and other banking regulations, the FCPA, and Bank Secrecy Act (BSA)/anti-money laundering (AML) laws and regulations. He provides guidance to clients related to the application of such laws and regulations, and how they map onto new technologies and innovative products, and he has significant experience working with non-U.S. financial institutions in understanding, complying and interacting with the U.S. regulatory landscape.
Mark assists clients in developing and implementing compliance programs and regulatory remediation plans. He also assists companies in staying current on material changes to applicable laws, rules and regulations, and helps to develop or amend their policies, procedures, controls and compliance manuals, and delivers related training.
Prior to joining the firm, Mark practiced at major law firms in New York and in Washington, D.C., and served as an in-house counsel and compliance officer at several global financial institutions. Mark clerked for Judge Richard L. Nygaard of the United States Court of Appeals for the Third Circuit.
Concentrations
- Broker dealer and banking regulations and enforcement
- Investment management/private investment funds
- Digital assets
- Corporate governance
- Successfully represented a non-U.S. financial institution in a multi-year CFTC investigation into alleged collusion in the FX market that was discontinued with no recommendation of an enforcement action against the company or any of its management.
- Successfully represented a non-U.S. financial institution in a multi-year investigation by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and other government agencies into alleged violations of numerous U.S. sanctions programs. Achieved favorable settlement with all government entities.
- BNY Mellon
- Chief Compliance Officer, BNY Trust Company of Canada and BNY Mellon, Toronto Branch
- Director, Asset Servicing, Digital and Issuer Services (Corporate Trust and Depositary Receipts) Compliance
- Director, Global Head of Compliance Policies and Communications; Head of Regulatory Compliance, Americas, Deutsche Bank
- Director/Counsel, Head of U.S. Regulatory Advisory, Investigations and Litigation; U.S. Data Protection Officer, UniCredit Bank AG
- Vice President and Legal Counsel, Morgan Stanley
- Board Member, Cathedral Parkway Apartments Corp.
- J.D., Highest Honors, The George Washington University Law School
- Editor, The George Washington Law Review
- M.A., History, James Madison University
- B.A., cum laude, James Madison University
- Hon. Richard L. Nygaard, U.S. Court of Appeals for the Third Circuit, 2001-2002
- The SEC Wins First Insider Trading Case Based on So-Called “Shadow Trading” Theory
- Revised Dealer Rules
- Investment Fund Manager Update on Self-Employment Limited Partner Exception: Tax Court Holds that Limited Partners May Be Subject to Self-Employment Tax
- SEC Releases Examination Priorities for 2024
- Newly Formed Reporting Entities in 2024 Will Have 90 Days to Report Beneficial Ownership Information