Jack Drogin represents and counsels broker-dealers, investment advisers and clearing agencies on SEC and staff initiatives governing traditional securities, derivative products, and cryptocurrency. He also advises sponsors of exchange-traded products and /or private funds on their legal and regulatory needs.
Mr. Drogin has close to thirty years of experience dealing with SEC regulatory issues, first from within the agency, then as a negotiator on behalf of clients. Using knowledge gained from a decade in the SEC’s Division of Trading and Markets, he has an exceptional ability to help clients navigate the regulatory waters, enabling them to achieve their business goals in compliance with increasingly complicated federal securities laws and SRO rules.
He regularly advises on broker-dealer status issues, as well as on clearing arrangements and related matters such as prime brokerage arrangements, credit and financing arrangements, and confirmation and account statement issues. He counsels broker-dealers on commission recapture and soft dollar arrangements, as well as on the distribution of foreign research in the United States and the execution of securities transactions by foreign broker-dealers for U.S. persons.
He joined Murphy & McGonigle from a national law firm where he served as Deputy Leader, Financial Markets and Products Practice Group.
Prior to private practice, Mr. Drogin spent 10 years at the SEC, initially as a Branch Chief, Office of Self-Regulatory Oversight, and culminating as Assistant Director, Office of Market Supervision. At the SEC, he oversaw clearing agencies, national securities exchanges and the National Association of Securities Dealers (now FINRA), reviewing and approving proposed rule changes by self-regulatory organizations governing their members and trading. Mr. Drogin also oversaw the regulation of registered broker-dealers, including with respect to fixed income and international securities transactions.