Ivan P. Harris

Broker-Dealers, Investment Advisers, and Investment Companies

• Represented a mutual fund and its officers and trustees in significant SEC and DOJ investigations involving an alleged mispricing of complex assets, including representation of the fund in obtaining a rare SEC order under Section 22(e) of the Investment Company Act of 1940, suspending redemptions
• Represented a broker-dealer in a favorable SEC settlement involving the whistleblower provisions of the Dodd-Frank Act
• Represented, and continues to represent, numerous investment advisers in SEC investigations involving mutual fund fee disclosure practices, including mutual fund and 529 plan share class selection, cash sweep revenue sharing, marketing fees, and other revenue sharing arrangements
• Conducted numerous internal investigations for financial services firms involving trading practices, information barriers, electronic communications, and other potential misconduct
• Lead counsel at trial and on appeal in the successful defense of a high frequency trading firm and its senior executives accused by the CBOE of various trade surveillance, anti-money laundering and margin rule violations. The firm’s chief compliance officer was cleared of all charges by the CBOE, and on appeal, the SEC overturned the CBOE’s adverse findings against the firm and two other officers. (In the Matter of the Application of Electronic Transaction Clearing, Inc., et al., SEC Admin. Proc. File No. 3-16285 (June 16, 2016).
• Represented investment adviser to wrap program clients in SEC investigation involving disclosure of trade-away costs. Investigation closed without action.
• Represent broker-dealer in SEC investigation involving mark-ups on fixed income transactions.
• Represented numerous fixed income broker-dealers and bond traders/salespersons in SEC and FINRA investigations involving potential misrepresentations to customers. All investigations were closed without action.
• Represent numerous broker-dealers in AML-related investigations before the SEC and FINRA, and counsel broker-dealers and investment advisers on AML compliance issues.
• Represent high-frequency trading firms in investigations by the SEC, FINRA, and CBOE involving trade surveillance, sponsored access, and suspicious activity reporting.
• Represented a global investment bank in SEC investigation and settlement involving the sale of FX-related products.
• Represent global investment bank and asset manager in numerous SEC and FINRA investigations and examinations involving the sales and trading of structured products and other fixed income securities.
• Represent numerous regional broker-dealers with LatAm focus in FINRA and SEC investigations and examinations involving foreign finders, tri-party clearing arrangements, and sales practices involving high-net-worth foreign customers.
• Represented global investment bank and its employees in SEC investigation that was closed without action involving the sale of asset-backed commercial paper to state pension fund.
• Represented former senior officer of major investment bank in hearings before the Financial Crisis Inquiry Commission.

Private Funds

• Represented a prominent hedge fund adviser and its personnel in SEC and DOJ investigations involving alleged insider trading; all investigations were closed without action
• Represented a private equity fund adviser in a SEC examination involving expense allocation practices and disclosures
• Represented an investment adviser in a SEC investigation involving disclosure of capital commitment amounts; SEC closed the investigation as to the client without action
• Successfully represented prominent hedge fund manager in SEC investigation and related litigation involving fund performance.  SEC investigation was closed without action and the litigation was resolved through favorable settlements.
• Represented a global private equity fund manager in SEC investigation involving potential violations of the Investment Company Act of 1940. Investigation closed without action.
• Represent a hedge fund manager in connection with SEC investigation of asset valuation practices and NAV restatement.
• Represented Latin American-focused hedge fund manager in investigation and settlement of SEC investigation involving related party transactions and investor disclosures.
• Represented Brazilian-based hedge fund manager in investigation and settlement of SEC investigation involving alleged Rule 105 violations.
• Represent senior officer of prominent hedge fund manager in SEC examination and investigation of trading practices.
• Represented hedge fund manager and its officers in SEC investigation of MBS and CDO trading practices.
• Represented numerous private equity advisers in SEC presence examinations and initial examinations of new registrants.

Public Companies and Their Officers

• Retained by the CFO of a public company after receipt of a Wells notice from the SEC. Based on the Wells submission, the SEC closed the investigation without action as to the client, while pursuing actions against the public company and other officers
• Conducted internal investigations involving public company revenue recognition and expense reporting practices and other alleged employee misconduct
• Represented public company CEO in investigation and settlement of SEC investigation arising from accounting restatement.
• Represent bank holding company CEO in SEC investigation of accounting issues.
• Conducted internal investigation for public company of alleged channel stuffing.
• Conducted internal investigation for audit committee of public company of senior officer's submission of expenses for reimbursement.