People

Mahlet Ayalew

Senior Associate

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Mahlet Ayalew advises and represents broker-dealers and global financial institutions regarding compliance with federal and state securities laws and regulations.  

Ms. Ayalew counsels and represents broker-dealers, securities exchanges and other clients on a variety of regulatory issues relating to the rules of the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and various securities exchanges, including Regulation NMS, Regulation ATS, automated trading and risk controls and order handling matters.   

She also has experience representing clients in connection with investigations involving equities market structure issues, such as high frequency, algorithmic and alternative trading systems, as well as compliance with numerous regulatory requirements.   

Ms. Ayalew has advised clients in connection with FINRA applications, and worked with clients to develop comprehensive compliance and supervisory procedures for a range of broker-dealer activities, including the misuse of confidential information, conflicts of interests, information barriers, research analyst independence, surveillance procedures, financial responsibility, trading issues and sales practice issues, and firm-wide supervision.  

Publications & News

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November 29, 2017

US Department of the Treasury: A Financial System That Creates Economic Opportunities—Capital Markets

In October 2017, the US Department of the Treasury (Treasury) published a report titled “A Financial System That Creates Economic Opportunities” (Treasury Report). Treasury, under the direction of Secretary Steven T. Mnuchin, prepared the Treasury Report in response to Executive Order 13772 (Executive Order). The Executive Order established a set of Core Principles consistent with which the financial markets should be regulated.

December 2, 2016

Change and Continuity in Securities Regulation

Given the fluidity of the regulatory environment, making accurate predictions regarding what to expect from the SEC under a new Administration and a new Chair is difficult. Nevertheless, in this Client Alert we explore possible key areas of securities regulation that may be affected under the new Administration. This Client Alert was republished by the Harvard Law School Forum on Corporate Governance and Financial Regulation.

May 11, 2016

SEC's Equity Market Structure Advisory Committee Considers an Access Fee Pilot and Changes to the Regulation of Trading Venues

On April 26, 2016, the Equity Market Structure Advisory Committee held its fourth meeting at the Securities and Exchange Commission in Washington DC.  The Committee is considering whether various regulatory or industry initiatives would improve the function of the US equity markets.

April 14, 2016

Registration of Associated Persons with Algorithmic Trading Responsibilities

On April 7, 2016, the Securities and Exchange Commission approved the Financial Industry Regulatory Authority's proposal to amend NASD Rule 1032 to require registration as Securities Traders of associated persons primarily responsible for the design, development or significant modification of algorithmic trading strategies, or who are responsible for the day-to-day supervision or direction of such activities.

February 29, 2016

SEC's Equity Market Structure Advisory Committee Considers Market Volatility and Customer Issues

The Equity Market Structure Advisory Committee held its third meeting at the Securities and Exchange Commission in Washington DC on February 2, 2016. The Committee is considering whether various regulatory or industry initiatives would improve the function of the US equity markets.

February 11, 2016

Changes to US Treasury Market Structure and Request for Comments

The dramatically changing market for US Treasury securities raises questions and concerns for the public and regulators alike.

January 4, 2016

SEC Proposes Significant Regulatory Changes for Alternative Trading Systems

The Securities and Exchange Commission recently proposed significant changes to the regulatory requirements applicable to dark pools and other alternative trading systems that trade national market system stocks. The proposed changes would require detailed public disclosure about the operation of the trading systems, as well as their owners and operators.

November 5, 2015

Access Fees and Regulatory Structure of Trading Venues

On October 27, 2015, the Equity Market Structure Advisory Committee (EMSAC or Committee) held its second meeting at the Securities and Exchange Commission (Commission or SEC) in Washington DC.

July 27, 2015

A Bold New Regulatory Landscape for Research: SEC Approves FINRA Rules Addressing Conflicts of Interest for Equity and Debt Research

More than ten years after the Global Research Settlement and the adoption of NASD Rule 2711, the Securities and Exchange Commission has approved new FINRA rules addressing conflicts of interest for both equity and debt research analysts and research reports.

May 21, 2015

SEC Equity Market Structure Advisory Committee: Assessing Complexity in the U.S. Equity Markets

On May 13, 2015, the Equity Market Structure Advisory Committee held its inaugural meeting at the Securities and Exchange Commission in Washington, D.C.

Practices

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Education

JD, magna cum laude, Howard University School of Law, 2012, Senior Editor, Howard Law Journal, Merit Scholar

BS, Marketing, with honors, University of Maryland, 2007

Bar Admissions

District of Columbia

Maryland

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