Jay represents clients in SEC and regulatory investigations, securities litigation, and internal investigations. His experience as a former public company general counsel and branch chief of the Division of Enforcement at the SEC enhances his ability to provide valuable insight to clients.
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Jay co-leads the firm's Securities Investigations + Enforcement Practice Group. He focuses his practice on complex business litigation, with a special emphasis on defending against shareholder derivative and securities class action litigation. He also represents clients involved in investigations by the U.S. Securities and Exchange Commission (SEC), the Pennsylvania Department of Banking and Securities, and various self-regulatory organizations, including the Financial Industry Regulatory Authority, Inc. (FINRA). He also conducts internal investigations on behalf of clients. Such investigations have included allegations involving the Foreign Corrupt Practices Act (FCPA), whistle blower claims, financial fraud, and civil and criminal violations of various federal and state laws.
Jay also counsels cannabis and CBD industry clients on corporate and regulatory issues, as well as the potential risks both for cannabis-focused companies and non-industry participants doing business with cannabis companies.
Jay previously worked at a public credit card company as senior vice president, general counsel, and chief administrative officer. Jay began his career as a staff attorney and then branch chief in the Division of Enforcement of the SEC in Washington, D.C.
Active in local and national bar associations, Jay is a leader in the American Bar Association's Business Law Section and currently serves as vice chair of the Business and Corporate Litigation Committee, co-chair of the Cannabis and Alcoholic Beverages Subcommittee, and vice chair of the Criminal and Enforcement Litigation Subcommittee. He is on the editorial board of The Business Lawyer, the law review of the Section of Business Law of the American Bar Association.
SEC and Regulatory Investigations
Securities Litigation
Internal Investigations
Representative matters may include engagements before joining Troutman Pepper.
Troutman Pepper Financial Services
04.16.24
FINRA’s First Disciplinary Action Targeting Firm’s Use of Social Media Influencers
Articles + Publications
04.16.24
FINRA's First Disciplinary Action Targeting Firm's Use of Social Media Influencers
Articles + Publications
04.16.24
US Supreme Court Limits Scope of Omission Liability for Section 10(b) Securities Fraud Claims
Articles + Publications
04.15.24
Oracle Ruling Underscores Trend of Mootness Fee Denials
Troutman Pepper Financial Services
04.10.24
The SEC Voluntarily Stays Climate-Related Disclosure Rules Pending Eighth Circuit Judicial Review
Articles + Publications
04.10.24
The SEC Voluntarily Stays Climate-Related Disclosure Rules Pending Eighth Circuit Judicial Review