October 12, 2018

‘Investment Banking Compliance’ and ‘Private Banking and Wealth Management’


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Partner Richard Alsop (New York-Capital Markets) and Of Counsel Andrew (“Buddy”) Donohue (New York-Investment Funds) contributed chapters for the recently released second edition of Practising Law Institute’s Broker-Dealer Regulation. This two-volume treatise provides a comprehensive and practical overview of the many requirements of this highly regulated area.

Richard co-authored Chapter 49, “Investment Banking Compliance,” with invaluable assistance from associate Steven Blau (New York- Financial Institutions Advisory & Financial Regulatory). Former co-author and former partner Robert Evans III also made substantial contributions to the chapter.

Chapter 49 covers the potential risks faced by the banking sector and steps to reduce or mitigate them. Topics include:

  • Material information;
  • Conflicts and related disclosures;
  • Offering issues;
  • Volcker Rule;
  • Relationship of investment banking to research;
  • Compensation structures;
  • Gifts and entertainment;
  • Licensing, registration and exemptions from registration;
  • Anti-money laundering;
  • IPO allocation and client sophistication;
  • Books and records;
  • Cybersecurity; and
  • "Big data” and artificial intelligence.

Buddy co-authored Chapter 52, “Private Banking and Wealth Management,” with invaluable assistance from associate Jenny Ding Jordan (New York- Financial Institutions Advisory & Financial Regulatory), and many others listed below.

The chapter covers the legal landscape relating to private banking and wealth management. Topics include:

  • Broker-dealer regulation;
  • Investment adviser regulation;
  • Compensation, ERISA and the proposed “best interest” standard;
  • Bank regulation;
  • Products; and
  • Anti-money laundering.

Also making substantial contributions to Chapter 52 were:

Kenneth Laverriere
Timothy J. Byrne 
P. Sean Kelly 

Read “Investment Banking Compliance” and “Private Banking and Wealth Management.”

Authors and Contributors

Richard Alsop



+1 212 848 7333

+1 212 848 7333