Sara Raisner, a partner in the firm’s Litigation practice, has wide-ranging experience involving regulatory examination and enforcement matters, investigations, and other complex disputes. Sara has become a leader in the firm’s SPAC regulatory and litigation practice, including a recent secondment to a large financial institution during which she worked closely with its senior team on SPACs.
Sara previously served as a director with the Financial Industry Regulatory Authority (FINRA), where she led a team of enforcement attorneys and investigators on regulatory matters involving securities fraud, suitability, anti-money laundering surveillance, operational failures, and other violations of federal securities laws. Before joining FINRA, Sara served as an associate at a global law firm where she represented financial institutions in civil litigation, SEC enforcement matters, and internal investigations.
Regulatory and Investigations
Representing several financial advisory firms in responding to SPAC-related SEC subpoenas
Representing several underwriters in responding to IPO-related SEC subpoenas
Represented numerous global financial institutions and public companies in FINRA, SEC, NYAG and other regulatory inquiries concerning SPACs, structured credit products, automated market making, insider trading, conflicts of interest, broker sales practices, and other compliance issues
Represented a global financial institution in several internal investigations concerning potential conflicts of interest at a LatAm affiliate
Represented a hedge fund in SEC investigation concerning potential insider trading
Represented European banking group in connection with DOJ, District Attorney of New York, OFAC, Federal Reserve, and DFS investigations into compliance with U.S. economic sanctions
Represented a large financial institution in internal investigation following the discovery of significant trading losses at the Chief Investment Office*
Represented an executive at a global financial services firm in an SEC investigation of alleged price manipulation and misrepresentations with respect to closed-end mutual funds*
Represented a large financial institution in an SEC investigation concerning customer redemptions from a securities lending program*
Represented several broker-dealers in SEC and FINRA investigations concerning sales practices, reporting obligations and soft dollar programs*
Representing two financial advisory firms in SPAC pre-closing suit
Representing a financial advisory firm in responding to a third-party subpoena in a SPAC litigation
Represented a major financial institution in FINRA arbitration and state court litigation brought by former LatAm Private Banking client alleging fraud, churning and other trading violations. Successfully compelled state court claims to FINRA arbitral forum.
Represented two defendant prime brokers in industry-wide litigation filed in state and federal courts alleging manipulative short-sale practices*
Represented a large financial institution in class-action litigation filed in federal court regarding collective investment trust fees*
*Work prior to Shearman & Sterling LLP
- Editorial Managing Editor, Journal of Legislation and Public Policy
City University of New York, Queens College
B.A., summa cum laude
- Queens College Presidential Honors Award
Awards & Accolades
- Recognized in "40 & Under List" by Benchmark Litigation (2022)
- Editor of Shearman & Sterling’s Need-to-Know Litigation Weekly regarding Government/Regulatory Enforcement.