Andy Reich's practice includes representation of broker-dealers and individuals in investigations and enforcement proceedings by FINRA, other securities self-regulatory organizations (SROs), the SEC and other bodies. After working for several years as a commercial litigator at a major national law firm, Andy worked for several years on the side of the regulators, first as an enforcement attorney for FINRA (then known as NASD), and then as head of enforcement at the Philadelphia Stock Exchange. While at FINRA, Andy litigated several disciplinary hearings and appeals, and advised the Member Regulation staff regarding firms’ applications for approval to become members, change ownership or expand business operations.
In his current practice, Andy applies his prior experience in representing clients facing regulatory and governmental inquiries and proceedings, and in advising clients regarding a broad spectrum of broker-dealer and securities issues. Andy focuses his representation of each client on that client's particular needs, seeking to avoid regulatory problems from the outset, or to make them go away with minimal damage to the client. Where the situation calls for litigation, including defending clients in regulatory and administrative proceedings, Andy is fully prepared and capable to litigate to pursue his client's interests. He has spoken at Bar Association events and CLE presentations on subjects including best execution, soft dollar arrangements, SEC regulation of equity-indexed annuities, the role of "cooperation" in SEC investigations, director and officer liability in SEC investigations, and annual developments in SRO enforcement cases.