William J. Kraus represents individuals and businesses involved in governmental and regulatory investigations, US state and federal litigation, and alternative dispute resolution. He concentrates his practice on disputes relating to the financial industry, including enforcement proceedings and litigation related to securities, cryptocurrency, commodities, options, and futures. Additionally, William has experience managing internal investigations and handling complex electronic discovery issues.
William represents diverse parties before the US Securities and Exchange Commission (SEC), US Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA), National Futures Association (NFA), CME Group Market Regulation; and the US Department of Justice (DOJ). Additionally, William assists clients with all aspects of litigation in state and federal forums, and has experience practicing before the Northern District of Illinois and Circuit Court of Cook County; Southern District of New York; Eastern District of Michigan; the Judicial Panel on Multidistrict Litigation; Courts of Appeals for the Second, Seventh, and Ninth Circuits; and the US Supreme Court. He also has a successful record of resolving disputes before the American Arbitration Association and JAMS, as well as before NFA and FINRA hearing panels.
William serves as a member of the Chicago office’s Hiring Committee. He is also a member of Morgan Lewis’s fintech and financial services teams, as well as its Class Action Working Group.
Before joining the firm, William was an associate in the litigation and dispute resolution practice of an international law firm. While in law school at the University of Michigan, he was selected by a faculty panel for placement at the International Centre for Trade and Sustainable Development in Geneva, Switzerland, where he worked to further the participation of developing nations in the World Trade Organization through litigation and dispute settlement training. William continues to maintain an active pro bono practice focusing on fair housing and civil rights litigation, and was recognized by the Chicago Lawyers’ Committee for Civil Rights Under Law, Inc. as “not only a skilled attorney, but a valued ally in affirmatively furthering fair housing and increasing awareness of fair housing rights and responsibilities.”
Represented a commodities merchant in parallel CFTC and CME investigations alleging market manipulation.
Represented a virtual currency exchange in various regulatory matters.
Represented a virtual currency issuer in various regulatory matters.
Represented the managing director of a financial services company in response to an SEC investigation regarding representations made to subscribers of electronic trading platform.
Represented a multinational financial services company in an internal investigation regarding employee misconduct.
Represented a financial services company in a FINRA investigation alleging fraudulent activities by a representative.
Represented an investment firm in an internal investigation regarding potentially improper trading activity by an employee.
Represented a global financial institution in response to a CFTC investigation regarding potential spoofing activity by a trader.
Represented a global financial institution in an SEC investigation regarding use of electronic equity market making strategies.
Represented a financial exchange in an internal investigation into alleged misconduct.
Represented an investment adviser in an SEC investigation regarding compliance with disclosure requirements pursuant to the Investment Advisers Act of 1940.
Represented a financial professional before a NFA Hearing Panel and the Appeals Committee.
Represented a global financial institution in a class action based on a claim of vicarious liability for alleged TCPA violations by a third-party debt servicer.
University of Michigan Law School, 2009, J.D.
University of Michigan, 2005, B.A.
US Court of Appeals for the Second Circuit
US District Court for the Northern District of Illinois