David S. Slovick

David S. Slovick

David S. Slovick

Counsel

212.701.3978 PhonevCard
212.378.8158 Fax
dslovick@cahill.com

Cahill Gordon & Reindel LLP
80 Pine Street
New York, NY 10005-1702

Practices

Education

  • University of Wisconsin, B.A., 1994
  • Chicago-Kent College of Law, J.D., 1998
  • Admissions

    • New York
    • Illinois

David Slovick is Counsel in Cahill Gordon & Reindel LLP’s litigation group.  David’s practice focuses on enforcement and compliance matters arising under the federal laws governing the derivatives and securities markets, including the Commodity Exchange Act, the Securities Exchange Act of 1934, the Securities Act of 1933, and the Dodd-Frank Wall Street Reform Act. David represents clients in investigations and litigation conducted by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ), among other regulatory agencies, including matters involving financial benchmark fixing, algorithmic trading, and purported market manipulation. David is recommended as a leading lawyer by The Legal 500 for white-collar and criminal defense.

Prior to joining Cahill, David served for nearly a decade as a Senior Attorney in the Enforcement Divisions of the two principal U.S. financial regulatory agencies, the CFTC and the SEC. During that time, David led numerous administrative investigations and federal court actions involving a broad range of conduct in the derivatives and securities markets, including futures, swaps and securities trading practices; insider trading; commodity pool fraud; futures and foreign-exchange Ponzi schemes; securities offering and disclosure fraud; accounting fraud; and options trading. Earlier, David was a private practitioner at an AmLaw 100 law firm, where his practice focused on the defense of SEC investigations and litigation.

Professional Activities:

David’s publications addressing enforcement and regulatory topics include:

How to Fix the SEC, Securities Law 360 (2009)

Scienter and Section 20(e): A New Consensus on Aiding and Abetting Liability in SEC Enforcement Actions, Securities Regulation Law Journal (2008) 

Loss Causation: A Significant New Burden, Securities Law 360 (2008) 

The Department of Justice’s Revised Waiver Policies Under Deputy Attorney General Paul J. McNulty: An Overview and Critique, Futures & Derivatives Law Report (2007) 

Criminal and Civil Investigations: United States v. Stein and Related Issues, Practicing Law Institute Securities Litigation & Enforcement Handbook (2006)

The Dilemma Remains: The Collateral Effect of Disclosing Attorney-Client Privileged Communications and Attorney Work Product to Government Agencies, Futures & Derivatives Law Report (2006)

David’s representations prior to joining Cahill included:

  • CFTC v. Royal Bank of Canada (S.D.N.Y.): CFTC federal court action arising from multibillion dollar intra-bank stock futures trades, alleging violations of the wash sale, fictitious sale and false statement prohibitions of the Commodity Exchange Act
  • CFTC v. Nikolai Battoo (N.D. Ill.): Parallel CFTC and SEC federal court actions arising from a $1.5 billion international Ponzi scheme, alleging violations of the anti-fraud provisions of the Commodity Exchange Act and the Securities Exchange Act
  • CFTC v. Trevor Cook (D. Minn.): Parallel CFTC, SEC and DOJ federal court actions arising from a $190 million international Ponzi scheme, alleging violations of the anti-fraud provisions of the Commodity Exchange Act and the Securities Exchange Act
  • CFTC v. Trade Exchange Network, Ltd. (D.D.C.): CFTC federal court action arising from off-exchange trading of binary commodity options, alleging violations of the Commodity Exchange Act’s prohibitions against off-exchange options trading and false reporting to the CFTC
  • In re Krispy Kreme Doughnuts, Inc. (SEC): SEC administrative action arising from purported misrepresentations in the public financial statements of Krispy Kreme Doughnuts, Inc., alleging violations of Securities Exchange Act provisions requiring public companies to maintain adequate internal controls and accurate books and records
  • In re Alstom SA Securities Litigation (S.D.N.Y.): Federal court action arising from purported misrepresentations in the public financial statements of French company whose ADRs traded on U.S. stock exchanges, alleging violations of the anti-fraud provisions of the Securities Exchange Act
  • SEC v. Heartland Advisors, Inc. (E.D. Wis.): SEC federal court action arising from mutual fund’s purported misrepresentations related to the valuation of fund assets, alleging violations of the anti-fraud provisions of the Investment Advisers Act and the Securities Act
  • SEC v. Harris Dempsey Ballow (S.D. Tex.): Parallel SEC and DOJ federal court actions arising from stock manipulation, alleging violations of the anti-fraud provisions of the Securities Exchange Act and the Securities Act