People

Paul R. Eckert

Partner

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Paul R. Eckert is a partner in the firm's Securities Department, and a member of the Securities Litigation and Enforcement Practice Group. He joined the firm in 1995. Mr. Eckert's practice focuses on securities enforcement matters, securities litigation and regulatory compliance counseling.

Practice

Mr. Eckert has represented corporations, financial institutions and individuals under investigation by the SEC, the DOJ, the Securities SROs, and state attorneys general and securities administrators in a variety of matters involving novel issues under federal and state securities laws. He has advised clients in connection with their responses to regulators, mitigation of violations, and development of policies and procedures designed to ensure prospective compliance with applicable rules and regulations. He also has conducted internal corporate investigations of potential violations of the federal securities laws.

From 1989 through 1993, Mr. Eckert served as a US Navy Lieutenant onboard the USS Wasp (LHD-1). In 2006–2007, he served as an Associate Counsel and Special Assistant to former President George W. Bush. Mr. Eckert serves on the Board of Trustees for the William and Mary Law School foundation.

Honors & Awards

  • Named to BTI Consulting's Client Service All-Stars 2017 list for exhibiting exceptional client service
  • Recipient of the Lawrence W. l'Anson Prize

Publications & News

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July 24, 2017

FINRA and the MSRB Issue FAQs on Bond Mark-Up Disclosure

On July 12, 2017, the Financial Industry Regulatory Authority and the Municipal Securities Rulemaking Board published new implementation guidance on the bond mark-up disclosure requirements set to take effect next spring. This WilmerHale Client Alert was republished by Law360.

February 7, 2017

BTI Consulting Recognizes Three WilmerHale Partners as Client Service All-Stars

Partners Paul Architzel, Paul Eckert and Kimberly Wethly were named to BTI's Client Service All-Stars 2017 list.

November 29, 2016

SEC Approves Bond Mark-Up Disclosure Rules

On November 17, 2016, the Securities and Exchange Commission (SEC or Commission) approved new rules requiring dealers to disclose on retail customer confirmations their mark-ups and mark-downs on most municipal and corporate bond transactions, calculated from the bond's prevailing market price. This WilmerHale Client Alert was republished in Bloomberg Law's Securities Regulation & Law Report.

March 7, 2013

Q&A With WilmerHale's Paul Eckert

An article featuring Paul Eckert in Law360's Q&A Series for Securities.

February 24, 2012

FINRA Now Authorized to Seek SARs Materials from Member Broker-Dealers

June 2, 2011

SEC Proposes Bad Actor Disqualification to Popular Private Placement Safe Harbor

November 22, 2010

SEC Approves Sweeping Changes to FINRA's Regulatory Reporting Rules

March 11, 2009

SEC to Review Performance of Boards in Financial Crisis

April 25, 2007

Nine Years After—SEC Approves NASD Mark-Up Guidance for Debt Securities

November 1, 2006

NASD Amends Proposed Debt Mark-up Policy to Exclude Certain Transactions with Institutional Customers

Securities Briefing Series

Recent Highlights

Mr. Eckert's engagements have included:

  • Representation of broker-dealers, investment advisers and their associated persons in connection with investigations of IPO allocation practices; research analyst conflicts of interest, SRO conflict disclosures and Regulation AC; mutual fund trading practices; proxy voting practices; information barriers; fair pricing and mark-ups; trade reporting obligations; registration and licensing; personal trading practices; sales practices; and the adequacy of supervision
  • Representation of public companies in connection with investigations of a variety of accounting issues, including merger and purchase accounting reserves; goodwill and long-term asset impairment issues; extraordinary and other one-time charges; the use of special purpose entities and other off-balance sheet arrangements; revenue recognition practices in a variety of contexts; the adequacy of internal accounting and disclosure controls; expense capitalization practices; and auditor independence
  • Representation of public companies and their officers and directors in connection with investigations of disclosure practices concerning executive and director compensation, perquisites and related party transactions; compliance with line-item disclosure requirements; the issuance of earnings and other forward-looking guidance; and Regulation FD compliance
  • Representation of public companies, their officers and directors, and underwriters in securities actions alleging violations of federal and state securities laws

Professional Activities

Mr. Eckert has been a guest lecturer on emerging issues in securities enforcement matters and writes regularly on securities law topics:

  • "FINRA Now Authorized to Seek SARs Materials from Member Broker-Dealers," WilmerHale Email Alert (February 24, 2012).
  • "SEC Proposes Bad Actor Disqualification to Popular Private Placement Safe Harbor," WilmerHale Email Alert (June 2, 2011).
  • "SEC Approves Sweeping Changes to FINRA's Regulatory Reporting Rules," with Yoon-Young Lee, Bruce Newman, Harry Weiss and Claire Hanselmann, 12 J. invest. Comp. 1 (2011).
  • "SEC To Review Performance of Boards in Financial Crisis," WilmerHale Email Alert (March 11, 2009).
  • "Nine Years After—SEC Approves NASD Mark-Up Guidance for Debt Securities," WilmerHale Email Alert (April 25, 2007).
  • "NASD Amends Proposed Debt Mark Policy To Exclude Certain Transactions with Institutional Customers," WilmerHale Briefing Series (November 22, 2006).
  • "NASD Expands Broker-Dealer's Duty of Best Execution," WilmerHale Email Alert (September 12, 2006).
  • Sarbanes-Oxley and the SEC's Enforcement Program – "The Practitioner's Guide to the Sarbanes-Oxley Act," with William R. McLucas (ABA Press 2004).
  • "Revised Auditor Independence Rules," with William R. McLucas, 56 Bus. Law. 877 (2001).
  • "The Battle Over Auditor Independence and the SEC's Recent Rule Proposal," with William McLucas, 1213 PLI/Corp. 459 (2000).

Practices

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Education

JD, College of William and Mary, 1996, Editor-in-Chief, William and Mary Law Review; Order of the Coif

BA, Tulane University, 1989

Bar Admissions

District of Columbia

New York

Virginia

Clerkships

The Hon. William Lockhart Garwood, US Court of Appeals for the Fifth Circuit, 1996 - 1997

Government Experience

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