Andrew W. Reich

Andy Reich has extensive experience in broker-dealer and other financial services regulatory enforcement, litigation, arbitration, transactions and compliance counseling.

Andy worked in enforcement at two self-regulatory organizations (SROs), both as Regional Counsel in FINRA Enforcement (f/k/a NASD) and as head of enforcement at the Philadelphia Stock Exchange. In these positions, Andy led investigations and disciplinary proceedings, and conducted hearings and appeals, involving alleged violations of SRO rules and federal securities laws, rules and regulations. While at FINRA, Andy also counseled the member applications department regarding firms’ applications for new membership and for approval of changes in ownership and operations.

Since leaving the regulatory world for private practice, Andy has represented broker-dealers, investment advisers, other types of financial services firms, compliance officers, supervisors, traders and registered representatives in inquiries, examinations, investigations and proceedings by FINRA, the SEC, and other governmental and private sector regulators; in federal and state court litigations; and in arbitrations before FINRA and other forums.

In addition to regulatory defense and litigation/arbitration, Andy has advised financial services clients on rules compliance, supervisory policies and procedures, cybersecurity programs and incident response, transactional matters, and various forms of proactive outreach to regulators.

Before joining Lax & Neville, Andy practiced in the litigation departments at two national AmLaw 100 firms.

Andy has been published and quoted in numerous financial industry and other publications, including ABA Annual Review of Developments in Business and Corporate Litigation, ABA Securities Litigation Journal, CLS Blue Sky Blog, Compliance Reporter, and Federal Securities Law Reports.