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Michael T. Dyson

Fax +1.202.778.9100

Mike Dyson is a partner in the firm’s Washington, D.C. office. He focuses his practice on securities litigation, enforcement, regulation, and compliance. He has extensive experience representing broker-dealers, other financial institutions, public and private companies, officers and directors in enforcement investigations and examinations before the U.S. Securities and Exchange Commission (SEC), the U.S. Department of Justice (DOJ), the Financial Industry Regulatory Authority (FINRA), and other federal and state government agencies. Mr. Dyson also advises clients on regulatory and compliance matters, including developing effective policies and procedures for broker-dealers and chief compliance officers.

Prior to joining K&L Gates, Mr. Dyson was senior counsel to the Financial Industry Regulatory Authority (FINRA). He was responsible for reviewing regulatory and compliance referrals by the Market Regulation and Enforcement staff against broker-dealers and/or brokers involving violations of ethical rules and federal securities laws; rules and regulations identified in the course of FINRA cycle examinations, audits, industry sweeps, and customer complaints; termination notices and investigations by the Office of Fraud Detection and Market Intelligence; tips to the Office of the Whistleblower; special investigations; and making a determination, based on an analysis of the sufficiency of evidence and applicable law, whether FINRA should pursue formal disposition of the recommended charges.

Mr. Dyson also represented FINRA in disciplinary hearings, expedited proceedings, and settlement negotiations as well as served as lead counsel in special investigations of potential misconduct in violation of FINRA, NASD, NYSE, Nasdaq, Bats, and MSRB rules; the Securities Act of 1933; the Securities Exchange Act of 1934; the Investment Advisers Act of 1940; and other federal securities laws, rules, and regulations.

Mr. Dyson was previously a partner at another Washington, D.C. law firm where he successfully litigated all aspects of cases from commencement through appeal. He has particular experience representing financial services clients in various civil and criminal matters, with a concentration on complex civil cases, white-collar criminal litigation, and securities enforcement and regulation matters.

Cases listed below were handled at a previous firm.

  • Defended a broker-dealer and the broker-in-charge in a securities arbitration. After a two-week arbitration hearing, a three-judge NASD Arbitration Panel dismissed all claims with prejudice against the broker-dealer and the broker-in-charge. Claimants, beneficiaries of three separate trusts, filed suit alleging breach of contract, negligence, failure to supervise, suitability, breach of fiduciary duty, and misrepresentations and omissions. Claimants sought $6 million in actual damages and an unspecified amount of punitive damages. The NASD Panel awarded Claimants no damages.
  • Defended two brokers who avoided civil and potential criminal charges in an SEC investigation involving insider trading and other allegations of fraud and manipulation involving open and closed-end funds.
  • Defended a broker-dealer officer who avoided civil and potential criminal charges in an SEC investigation involving market timing and other financial irregularities in the securities industry.
  • Defended an airline executive who avoided criminal charges in a DOJ antitrust investigation involving price-fixing in the air cargo industry.
  • Defended a real estate developer in a breach of contract case involving a real estate development contract for the remaining 50 acres of developable land in Cambridge, Massachusetts. After a two-week bench trial in Massachusetts state court, the court dismissed all six counts against the developer and awarded attorneys’ fees and costs as a prevailing party.
  • Defended an international power company in a construction arbitration. After a two-week hearing, a three-judge AAA Panel awarded the power company approximately $4.5 million in damages based on various counterclaims. The Virginia Supreme Court affirmed the arbitration award.
  • Defended an international power company in a grand jury investigation led by the DOJ into potential violations of the Foreign Corrupt Practices Act. Conducted internal investigation at client sites in the United States.

Professional/Civic Activities

  • Securities Industry and Financial Markets Association (SIFMA), Compliance and Legal Society

Speaking Engagements

  • Panelist, “FERC and CFTC Enforcement Trends,” K&L Gates/Ernst & Young Energy Trading Policy, Compliance, and Enforcement Trends in Today’s Evolving Regulatory Landscape, Houston, TX, April 18, 2017
  • Panelist, “Compliance and Enforcement,” K&L Gates ETF Think Tank, New York, NY, March 9, 2017
  • Panelist, “SEC, CFTC, FINRA, and NFA - Examinations and Enforcement,” K&L Gates Chicago Investment Management Conference, Chicago, IL, January 26, 2017
  • Panelist, “Hot Topics in Enforcement,” K&L Gates 2017 Investment Management Conference, Washington, DC, November 2, 2017