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Court-appointed Receiver in SEC and CFTC
enforcement action concerning alleged Ponzi
scheme presently a consolidated action
pending in the Southern District of Texas.
Court-appointed Receiver in SEC
enforcement action concerning financial
fraud presently pending in the Southern District of Texas.
matters. |
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Tom Taylor focuses his
practice on a variety of securities,
commodities and commercial litigation
matters. He is currently serving as
court-appointed Receiver in two federal
securities and commodities enforcement
actions.
Securities and Exchange Commission and
Commodity Futures Trading Commission v.
PrivateFX Global One, Ltd., 36 Holdings,
Ltd., Robert D. Watson and Daniel J.
Petroski; Case No. 09-cv-1540; United
States District Court for the Southern
District of Texas, Houston Division; and
Securities and Exchange Commission v.
Albert Fase Kaleta and Kaleta Capital
Management, Inc.; Case No. 4:09-cv-3674; United
States District Court for the Southern
District of Texas, Houston Division.
Tom regularly
represents financial services firms and
individuals in
civil actions (including class actions),
arbitrations and federal law enforcement
proceedings arising under the federal and
state securities laws. He
represents
public companies and their boards of
directors in civil litigation and investigations involving
a broad range of fiduciary and disclosure
issues, including revenue recognition
and financial reporting. Tom has
been actively involved in class actions
involving mutual fund sales practices and
"market timing." He has represented public
company boards of directors conducting
internal investigations under Sarbanes-Oxley.
Tom regularly represents national and
regional financial services firms and their
registered representatives in private
civil litigation, as well as in litigation
and enforcement proceedings involving the
SEC, FINRA and other securities regulatory
bodies. He has served as receiver, trustee
and special counsel to receivers in federal
law enforcement matters.
Before entering private practice, Tom served
as assistant regional administrator of the
Fort Worth Region of the Securities and
Exchange Commission and headed the
commission’s Houston branch office. He also
served as assistant general counsel of the
Commodity Futures Trading Commission
and as an attorney in the Office of General
Counsel of the SEC in Washington, D.C.
Publications
■ Erosion of Attorney-Client
Privilege In Internal Investigations: An
Update,” ABA Corporate Governance Seminar,
May 2008
■
“Future of Fee-Based Brokerage,”
Review of
Securities and Commodities Regulation,
December 2007
■ "Revenue Recognition Update,"
Executive Enterprise Institute's Advanced
SEC Reporting and Sarbanes-Oxley Compliance
Seminar, April 29, 2004
■ "Revenue Recognition: Focus on 'Roundtripping'
and Pro Forma Issues," SEC and FASB
Reporting Symposium, April 3-4, 2003
■ “Representing a Company in a
Crisis Situation: Anatomy of the Process,”
Los Angeles County Bar Association, 36th
Annual Securities Regulation Seminar, 2003
■ “The SEC’s Focus on Financial
Fraud and Earnings Management – An Update,”
Los Angeles County Bar Association, 35th
Annual Securities Regulation Seminar, 2002
■ “The SEC’s Focus on Financial
Fraud and Earnings Management ,” Los Angeles
County Bar Association, 34th Annual
Securities Regulation Seminar, 2001
■ "Q&A Online: Chat, Research,"
Compliance Reporter, July 31, 2000, cited in
NASD Notice to Members 01-23, "Online
Suitability."
■ "Recent Trends in Failure to
Supervise Cases," Securities & Commodities
Regulation, December 2000. |
Bar Admissions
Texas
California
New York
Education
University of Texas School of Law, J.D.
University, J.D.
Cornell
University, A.B.
Professional Affiliations
Securities Industry and Financial Markets
Association (Compliance & Legal Division)
American Bar Association (Section of
Litigation – Class Actions and Derivative
Suits, Securities Litigation)
Houston Bar Association, Litigation Section
Houston Bar Association, Securities
Litigation & Arbitration Section
State Bar of Texas Business Law Section,
Securities Law Committee
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Marcela's
practice involves complex commercial
litigation in both state and federal courts
involving securities, contracts, employment,
unfair competition, products liability, real
estate, and
environmental law.
She regularly represents financial services firms and their
registered representatives in civil litigation, as well as in litigation
and enforcement proceedings involving the
SEC, FINRA and other securities regulatory
bodies.
She has
represented financial services firms and
audit committees of public companies in
conducting internal investigations,
responding to regulatory inquiries and
defending enforcement actions initiated by
the SEC, the
Department of Justice, State securities
boards and self-regulatory organizations.
Representative investigations for which she
has had extensive responsibility involve the
following areas: auction rate securities,
options backdating, fixed income derivative
products, internal accounting controls,
securities sales practices, and supervision
of international broker-dealer business
units.
Publications
■
“Erosion of Attorney-Client Privilege In
Internal Investigations: An Update,” ABA
Corporate Governance Seminar, May 2008
■
“Future of Fee-Based Brokerage,”
Review of
Securities and Commodities Regulation,
December 2007
■
“Representing a Company in a Crisis
Situation: Anatomy of the Process,” Los
Angeles County Bar Association, 36th Annual
Securities Regulation Seminar, 2003
■
“The SEC’s Focus on Financial Fraud and
Earnings Management – An Update,” Los
Angeles County Bar Association, 35th Annual
Securities Regulation Seminar, 2002
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Bar Admissions
Texas
California (2001)
Education
University of Southern California School of Law, J.D.
Brown
University,
A.B.
Professional Affiliations
National Bar
Association
State Bar of
Texas, Section of African-American Lawyers
National
Association of Women Lawyers
Securities Industry and Financial Markets
Association (Compliance & Legal Division)
Houston Bar Association, Litigation Section
Houston Bar Association, Securities
Litigation & Arbitration Section
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