Laura S.Pruitt

Partner

Washington + 1.202.879.3625

Laura Pruitt's breadth of experience, including more than six years of service with the U.S. Securities and Exchange Commission, gives her an in-depth perspective into financial regulatory law. She counsels on securities law and market regulation issues, with particular emphasis on broker-dealer registration and compliance, alternative trading systems (ATSs) and equity trading, derivatives, investment adviser regulation, and transfer agents, data privacy, and anti-money laundering rules.

Laura regularly helps clients determine if they should be registered as broker-dealers and assists in registering broker-dealers with the SEC, self-regulatory organizations (SROs), and the Financial Institution Regulatory Authority (FINRA) and with obtaining approvals for changes of control and changes to business operations. She advises on compliance with Regulations NMS, SHO, and S-P, as well as SRO trading rules; advises on M&A transactions involving regulated entities; represents ATSs with required filings and issues arising under Regulation ATS; and counsels investment advisers and transfer agents on regulatory issues. She also represents clients in connection with regulatory examinations and enforcement actions.

During her tenure at the SEC, Laura worked on numerous rulemaking initiatives and interpretations, including those concerning electronic delivery of required disclosure documents, ATSs, the penny stock rules, options disclosure documents, Exchange Act Rule 14a-8, OTC derivatives dealers, rules implementing the provisions of the Gramm-Leach-Bliley Act, soft dollars under Exchange Act Section 28(e), and finders-related issues.

At the start of her career as a litigator in New York, Laura represented financial firms in securities class actions and hostile takeovers and represented clients in antitrust matters, among others.

Experience

  • SIFMA submits comment letters regarding SEC's notice of proposed exemptive order granting conditional exemption from broker registration requirements of Section 15(a) of Securities Exchange Act of 1934Jones Day advised SIFMA in the preparation of two comment letters setting forth SIFMA's views regarding the SEC's notice of proposed exemptive order granting a conditional exemption from the broker registration requirements of Section 15(a) of the Securities Exchange Act of 1934 for certain activities of registered municipal advisors.
  • United Nations University obtains assistance with "Survivor's Package" for survivors of modern slavery and human traffickingJones Day conducted worldwide research for the United Nations University Centre for Policy Research to assist in the development of a "Survivor Package" for survivors of modern slavery and human trafficking.
  • tØ.com launches initial coin offeringJones Day is advising tØ.com in connection with their launch of an initial coin offering.
  • PRO Securities LLC responds to inquiries by FINRA and SEC concerning plans to implement blockchain trading platformJones Day represented PRO Securities LLC, a broker-dealer/licensed alternative trading system, in inquiries by FINRA and the SEC concerning plans to implement a blockchain trading platform, including issues regarding compliance with books and records, custody, and trading obligations.
  • Overstock.com obtains first ever effective registration statement that contemplates public offering utilizing blockchain technologyJones Day represented Overstock.com in obtaining first ever effective registration statement that contemplates a public offering utilizing blockchain technology.
  • Overstock.com and tØ.com implement blockchain trading platform and respond to inquiries by FINRA and the SECJones Day represented Overstock.com and tØ.com in inquiries by FINRA and the SEC concerning plans to implement a blockchain trading platform, including issues regarding compliance with books and records, custody and trading obligations.
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