Charles D. Riely is a partner in the Investigations, Compliance and Defense Practice. As a lawyer at the SEC for more than a decade, he handled a number of significant matters, working extensively with criminal authorities in parallel investigations, and developing deep expertise in all aspects of the federal securities laws. At the SEC, he received the Ferdinand Pecora Award for tenacity, creativity and efficiency. His background enables him to counsel clients on their most complex legal and compliance issues.
Mr. Riely most recently served as assistant regional director for the Division of Enforcement for the US Securities and Exchange Commission (SEC). In that role, he led teams of lawyers in the New York Regional Office and Market Abuse Unit conducting investigations and litigations. Mr. Riely’s matters at the SEC generally entailed highly complex issues and included some of the most significant actions filed by the SEC during his tenure. These included matters against large hedge funds for insider trading, valuation fraud and other violations. He was also one of the original members of the Market Abuse Unit and worked on a number of market manipulation cases as well as cases involving dark pools.
While at the SEC, he worked on matters involving disclosure failures by public companies; alleged fraud and regulatory violations by investment advisers and broker-dealers; insider trading; anti-money laundering violations; “spoofing” and other forms of market manipulation; failure-to-supervise violations; the adequacy of firms’ cyber-security procedures and protections; and a variety of other fraud and regulatory matters.
Mr. Riely also gained extensive experience coordinating investigations with the US Department of Justice (DOJ) and worked on more than a dozen publicly filed SEC enforcement actions where the criminal authorities filed a parallel case. He also gained extensive experience working with international enforcement officials as well as the Commodity Futures Trading Commission (CFTC), the New York Attorney General’s Office, FINRA, the New York Stock Exchange and other domestic agencies. He also consulted extensively with the compliance examiners and other professionals that conduct compliance inspections and examinations of regulated investment advisers and broker-dealers in the New York region.
Before joining the SEC, Mr. Riely was in private practice and focused on general litigation, with an emphasis on government investigations and commercial litigation.