People

Arian M. June

Counsel

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Arian June has extensive experience with advising clients in government and internal investigations of potential securities law violations, including insider trading, financial reporting violations, broker-dealer supervisory matters and accountant liability cases. She has represented institutional and individual clients in a variety of investigations before government regulators, including the US Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Public Company Accounting Oversight Board, and the New York Attorney General, and in other regulatory investigations before the Consumer Financial Protection Bureau, criminal proceedings, and parallel civil litigation.

Ms. June also advises clients on various facets of the Dodd-Frank Act, including the implementation and impact of the Dodd-Frank Whistleblower Program. As a member of the firm's Dodd-Frank Whistleblower Working Group, Ms. June closely monitors the developments surrounding the whistleblower rules and regulations, helps clients review current legal compliance and audit systems, counsels on response policies and procedures relating to potential or actual violations, and advises on implementing anti-retaliation policies. She also publishes frequently in this area.

In 2015, Ms. June was elected to The District of Columbia Bar Board of Governors. As a board member, she will help oversee the operation of the bar and will work to uphold the DC Bar's mission, expressed in its motto, "Enhance access to justice, improve the legal system, and empower lawyers to achieve."

Ms. June joined the firm as an associate in 2006 and returned in 2008 after completing a judicial clerkship at the United States District Court for the District of Columbia. Prior to joining the firm, Ms. June was a law clerk in the Fraud and Public Corruption Section of the United States Attorney's Office for the District of Columbia, where she assisted in prosecutions involving securities fraud, mail and wire fraud and tax evasion.

Publications, Presentations and Speaking Engagements 

  • "SEC Settlements Put Severance Agreements Under Increased Scrutiny," WilmerHale Client Alert (August 17, 2016).
  • Speaking Engagement, “The SEC's Whistleblower Program: Significant Developments SEC-Regulated Companies Should Know,” The Knowledge Group (Webinar) (July 11, 2016).
  • "Four Things Companies Should Know About the SEC's 2015 Whistleblower Report," Bloomberg BNA Securities Regulation & Law Report (December 21, 2015).
  • "Second Circuit Allows Whistleblower Retaliation Protection Without Reporting to SEC," WilmerHale Client Alert (September 15, 2015)
  • Speaking Engagement, “Governance Regulations Under Dodd-Frank Webinar,” American Bar Association (January 15, 2015). 
  • "Understanding Securities Laws 2014 CLE Seminar," panel presentation at the National Bar Association Annual Convention (Atlanta, Georgia) (July 29, 2014)
  • "Recent Developments in Qui Tam, IRS, and SEC Whistleblower Rewards Claims," panel presentation at a District of Columbia Bar CLE Program (Washington DC) (July 22, 2014).
  • "Understanding the Global Reach of U.S. Whistleblower Anti-Retaliation Protections," Bloomberg BNA World Securities Law Report, Vol. 20, No. 7. (July 14, 2014).
  • "Attorneys Caught in the Ethical Crosshairs: Secretkeepers as Bounty Hunters Under the SEC Whistleblower Rules," Bloomberg BNA Securities Regulation & Law Report, Vol. 46, No. 711 (April 14, 2014).
  • “Governance Regulations Under Dodd-Frank,” panel presentation at the American Bar Association: Business Law Section 2014 Spring Meeting (Los Angeles, California) (April 11, 2014).
  • "Don't Tread on Whistleblowers: Mitigating and Managing Retaliation Risks—Part II," Bloomberg BNA Securities Regulation & Law Report, Vol. 46, No. 167 (January 27, 2014).
  • "Don't Tread on Whistleblowers: Mitigating and Managing Retaliation Risks," Bloomberg BNA Securities Regulation & Law Report, Vol. 46, No. 77 (January 13, 2014).
  • "Trends in Insider Trading Investigations Part II: How to Navigate Expert Networks," Bloomberg BNA Securities Regulation & Law Report, Vol. 45, No. 2255 (December 9, 2013).
  • "Trends in Insider Trading Investigations Part I: How to Navigate Political Intelligence," Bloomberg BNA Securities Regulation & Law Report, Vol. 45, No. 2041 (November 4, 2013).
  • "Expected Renewed SEC Emphasis on Accounting Fraud," Law360, (October 4, 2013).
  • "Dispatches From the Whistleblower Front: Five Common Pitfalls For Companies to Avoid," Bloomberg BNA Securities Regulation & Law Report, Vol. 45,  No. 1345, (July 22, 2013).
  • "Year Three of the SEC Whistleblower Program: Will It Turbocharge SEC Enforcement?," Bloomberg BNA Securities Regulation & Law Report, Vol. 45,  No. 890, (May 13, 2013).
  • Speaking Engagement, Sadie T.M. Alexander Commemorative Conference, University of Pennsylvania Law School (January 24, 2013).
  • "Preparing for the Deluge: How to Respond When Employees Speak Up and Report Possible Compliance Violations," Bloomberg BNA Securities Regulation & Law Report, Vol. 44, No. 922, (May 7, 2012).
  • "Get Ahead of the Bus or Be Hit by the Bus: Practical Strategies for Meeting the Challenges and Mitigating the Risks of the Dodd-Frank Whistleblower Program," Bloomberg BNA Securities Regulation & Law Report, Vol. 44, No. 526, (March 12, 2012).
  •  Presentation, “Ethical Considerations for Attorneys Acting as Whistleblowers Under Dodd-Frank,” Samuel and Ronnie Heyman Center on Corporate Governance (February 28, 2012).
  • "CFTC and SEC Whistleblower Bounties: Largely Similar But Important Differences Remain," WilmerHale Client Alert, (August 22, 2011). Republished in Journal of Investment Compliance, Vol. 13, No. 1, (2012).
  • "SEC Whistleblower Bounties: 10 Things Companies Can Do Right Now To Stay Ahead," WilmerHale Client Alert, (August 4, 2011). Republished in Market Solutions, Vol. 20, No. 3, (September 2011).
  • "SEC Approves Sweeping Whistleblower Bounty Regime," WilmerHale Client Alert, (May 27, 2011).

Recent Highlights

  • Represented a broker-dealer in a Financial Industry Regulatory Authority investigation of alleged supervisory violations
  • Represented a hedge fund in a Securities and Exchange Commission enforcement investigation involving alleged insider trading activity
  • Represented a broker-dealer in an internal investigation regarding whistleblower claims alleging regulatory reporting violations
  • Represented international accounting firm in a parallel Public Company Accounting Oversight Board and Securities and Exchange Commission investigation involving alleged accounting and auditing violations
  • Represented a former director in a Securities and Exchange Commission investigation regarding alleged insider trading activity
  • Represented a former CEO in a Securities and Exchange Commission enforcement investigation involving executive perquisites
  • Represented a hedge fund in a New York Attorney General inquiry regarding trading activity
  • Represented an audit manager from a global accounting firm in a Securities and Exchange Commission investigation of alleged violations of the auditor independence rules 

Honors & Awards

  •  Selected as a "Rising Star" in the 2014, 2015 and 2016 editions of Washington DC Super Lawyers

Publications & News

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November 2, 2016

Four Key SEC Whistleblower Trends—And How Companies Can Prepare For Them

An article by Matthew Martens, Arian June and former Associate Caroline Schmidt, published in The Review of Securities & Commodities Regulation, discusses ongoing trends in the Securities and Exchange Commission's whistleblower program including: (1) increasing whistleblower bounties; (2) awards for mid-investigation tips; (3) use of the more lenient “objectively reasonable” standard for whistleblower protection from retaliation; and (4) the SEC's focus on confidentiality agreements.

October 31, 2016

SEC Examiners Focus on Investment Adviser and Broker-Dealer Compliance With Whistleblower Rules

Last week, the SEC's Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert regarding examinations of investment adviser and broker-dealer registrants' compliance with key whistleblower provisions arising out of the Dodd-Frank Act.

October 11, 2016

New SEC Settlements Show Continued Focus on Whistleblower Protection and Severance Agreements

The Securities and Exchange Commission continues to pursue enforcement actions against companies for whistleblower-related violations. This WilmerHale Client Alert, which was also published by Bloomberg BNA's Securities Regulation & Law Report on December 5, 2016, examines the latest in a recent string of settled orders.

September 20, 2016

SEC Settlements Put Severance Agreements Under Increased Scrutiny

An article by William McLucas, Harry Weiss, Matthew Martens, Thomas White, Arian June and Elizabeth Skey, published in Bloomberg BNA's Securities Regulation & Law Report, explores two settlements providing the latest examples of the SEC's continued focus on employee confidentiality provisions and the agency's broad application of the whistleblower protection rules.

August 17, 2016

SEC Settlements Put Severance Agreements Under Increased Scrutiny

The US Securities and Exchange Commission (SEC) recently announced settlements with two companies for using severance agreements that allegedly violated Rule 21F-17.

December 22, 2015

Four Things Companies Should Know About the SEC’s 2015 Whistleblower Report

An article by Bill McLucas, Mark Cahn, Chris Davies and Arian June published in Bloomberg BNA's Securities Regulation & Law Report on December 21, 2015.

November 24, 2015

Four Things Companies Should Know About the SEC’s 2015 Whistleblower Report

The SEC recently published data showing significant increases in tips received under its Dodd-Frank Whistleblower Program. Released on November 16, the 2015 annual report also provided important guidance to companies on the SEC’s whistleblower-related priorities through fiscal year 2016.

September 15, 2015

Second Circuit Allows Whistleblower Retaliation Protection Without Reporting to SEC

In a 2-1 decision in Berman v. Neo@Ogilvy LLC, the US Court of Appeals for the Second Circuit ruled that whistleblowers who report securities law violations internally but not to the US Securities and Exchange Commission are protected under the Dodd-Frank Act from employer retaliation.

June 11, 2015

WilmerHale Counsel Arian June Elected to Serve on DC Bar Board of Governors

WilmerHale Counsel Arian June has been elected to the DC Bar Board of Governors and will serve a three-year term.

April 27, 2015

Arian June Nominated for DC Bar Board of Governors

Counsel Arian June has been nominated as a candidate to the DC Bar Board of Governors, the 20-lawyer committee that oversees the operation of the bar. She will vie for one of five open spots on the board during the election, which runs April 27–May 22, when all members of the DC Bar may cast votes.

Professional Activities

Ms. June is a member of the following boards and committees:

  • Board of Governors, The District of Columbia Bar 
  • Board of Trustees, Washington Lawyers' Committee for Civil Rights and Urban Affairs
  • Vice Chair, Federal Regulation of Securities Committee, American Bar Association Business Law Section
  • Former Director, Publications Board, American Bar Association Business Law Section
  • Member, Alumni Chapter Board, University of Maryland’s College of Behavioral & Social Sciences

Community Involvement

Ms. June has served as a volunteer for the Judicial Resources Committee of the United States Judicial Conference and Just The Beginning Foundation Judicial Internship Diversity Project.

Practices

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Education

JD, University of Pennsylvania Law School, 2006, Senior Editor, University of Pennsylvania Law Review; Jack Kent Cooke Foundation Graduate Scholar

BA, Government and Politics, cum laude, University of Maryland, 2003

Bar Admissions

District of Columbia

Maryland

United States Supreme Court

Clerkships

Chief Judge Royce C. Lamberth, US District Court for the District of Columbia, 2007 - 2008

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