Boris Zeldin
Boris Zeldin is an associate in the Litigation Department. His practice focuses on white collar criminal defense and corporate investigations, as well as complex civil litigation in the financial services area.
Boris represents clients in a broad range of complex civil and criminal litigation matters, as well as numerous regulatory investigations and enforcement proceedings relating to securities litigation, civil RICO claims, corporate compliance issues, business torts, fraud and general commercial disputes. Boris has also assisted clients with internal investigations and due diligence undertaken in cooperation with regulators.
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On October 20, 2015, SEC Chair Mary Jo White gave the keynote address at the “Evolving Structure of the U.S. Treasury Market” conference organized by the U.S. Department of Treasury and the Federal Reserve Bank of New York. The conference and speech follow this summer’s Joint Staff Report analyzing the significant volatility that the U.S. … Continue Reading
Potentially abusive trading algorithms, such as algorithms that purportedly engage in “spoofing” or “layering” are the subject of considerable regulatory interest. However, in an interesting complaint filed on October 19, 2015, the CFTC alleged that a firm manually entering futures orders engaged in illegal spoofing that appears to have lured algorithmic traders into the market. … Continue Reading
Last week, SDNY Judge Jesse Furman issued a 51 page decision in In Re: Barclays Liquidity Cross and High Frequency Trading Litigation dismissing all of the cases consolidated under the MDL. In these cases, investor plaintiffs asserted federal securities law claims under Section 10(b) and 6(b) of the Exchange Act against seven stock exchanges, Barclays … Continue Reading
In an action that emphasizes the agency’s commitment to cybersecurity, the SEC recently charged 32 defendants with violations of the federal antifraud laws and corresponding SEC rules, stemming from an alleged $100 million conspiracy to steal and trade on material non-public information contained in corporate earnings announcements that were obtained by hacking into the computer … Continue Reading
Based on a report released last week about cyber security vulnerabilities faced by financial institutions, New York State Department of Financial Services (“NYDFS”) Superintendent Benjamin Lawsky signaled that the agency will soon move forward with cyber security regulations. The report concluded that banks’ third-party vendors have significant potential cyber security vulnerabilities. Superintendent Lawsky said that … Continue Reading
On January 12, 2015, the Securities and Exchange Commission announced that it had obtained a $14 million settlement against two exchanges formerly owned by Direct Edge Holdings, EDGA and EDGX (the “Respondent Exchanges”) for their failure to file Exchange Rules that accurately described the order types they offered, and for providing preferential disclosure to certain … Continue Reading
Regulators across markets continue to show interest in high frequency trading and algorithmic trading generally. Recent developments in this area include: On October, 16, 2014, the SEC imposed a $1 million sanction on a high frequency trading firm, Athena Capital Research, which allegedly placed large numbers of rapid-fire orders in the final two seconds of … Continue Reading
SEC Chair Calls for Reexamination of Treasury Market Regulations in Light of High Speed Electronic Trading
By Brian Friedman, Boris Zeldin, Harry Frischer and Stacey P. Eilbaum on Posted in Securities Law, Securities Regulatory
CFTC Accuses Firm Manually Entering Orders Of Spoofing Scheme That Fooled Algorithmic Traders
By Brian Friedman, Boris Zeldin, Harry Frischer and Stacey P. Eilbaum on Posted in Financial Services
Big Loss For Plaintiffs In High Frequency Trading Cases
By Brian Friedman, Boris Zeldin and Harry Frischer on Posted in Financial Services, Securities Regulatory
SEC Brings First Major Cyber Insider Trading Case Against International Hacking Ring
By Boris Zeldin and Sigal Mandelker on Posted in SEC Enforcement, Securities Regulatory
Cyber Security Regulations Ahead Says New York State’s Dept. of Financial Services
By Boris Zeldin and Sigal Mandelker on Posted in Financial Services
SEC Sanctions Two Exchanges for Failing to Accurately Describe Order Types and Making Preferential Disclosure to High Frequency Traders
By Brian Friedman, Boris Zeldin, Harry Frischer and Stephen Ratner on Posted in Financial Services, Securities Regulatory
Regulators Continue To Address High-Frequency Trading
By Brian Friedman, Boris Zeldin, Harry Frischer and Stephen Ratner on Posted in Financial Services, Securities Regulatory
