As leader of Schiff Hardin’s Financial Markets and Products practice group, Paul Edward Dengel understands the stakes when financial regulators claim a client has violated the rules. Enforcement proceedings can threaten the client’s viability, and potentially ruinous damages claims inevitably accompany high-profile governmental proceedings.
Paul knows that clients facing these threats need solutions that are carefully orchestrated and aggressively implemented. The right strategy may mean fighting all the way to trial or creating the leverage for a sensible settlement.
Paul’s focus is on derivatives markets and complicated trading strategies involving those markets. He built this knowledge representing the Cboe for more than 25 years. Today, Paul continues to lead all aspects of the firm’s litigation and regulatory counseling for Cboe. This deep foundation in the options markets equips Paul to handle disputes and compliance challenges about the most complicated derivatives trading strategies.
One recent example involved defending a trading firm from regulatory and civil claims that the firm’s complex derivatives trading strategy amounted to market manipulation. Paul identified and communicated a legitimate economic rationale for this complicated trading strategy, paving the way for a successful resolution of these potentially disastrous attacks.
Beyond successfully fighting off regulatory charges when they come, Paul is adept at helping firms avoid regulatory problems. He understands and speaks the language of both the regulator and the regulated, having worked both for trading firms and for exchanges like Cboe. This special perspective enables him to be particularly effective as both litigator and counselor in matters involving the financial markets.
- University of Virginia School of Law, J.D., 1979
- Princeton University, A.B., 1976
- U.S. Court of Appeals for the Seventh Circuit
- U.S. Court of Appeals for the Tenth Circuit
- U.S. District Court for the Northern District of Illinois (Trial Bar)
- U.S. District Court for the Eastern District of Wisconsin
- American Bar Association, Litigation Section
- Chicago Bar Association
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