People

Tiffany J. Smith

Partner

Smith, Tiffany J.

Tiffany J. Smith advises and represents broker-dealers and other financial institutions regarding compliance with federal and state securities laws and regulations and the rules of the self-regulatory organizations. Ms. Smith frequently advises and counsels clients on cutting edge compliance issues that result from newly adopted rules or legislation, as well as areas of increased regulatory focus.

Ms. Smith advises and represents broker-dealers and other financial institutions, regarding compliance with federal and state securities laws and regulations, and in connection with regulatory examinations and enforcement actions. She also advises and represents clients with respect to the rules of various self-regulatory organizations.

Ms. Smith counsels clients in a variety of regulatory and compliance areas including the rules on market access, securities trading and market activities, short sales, and issuer repurchases. She also counsels clients on triggers for broker-dealer registration, including the triggers related to offshore activities and those related to the activities of financial technology companies. 

Ms. Smith frequently advises clients through the Financial Industry Regulatory Authority (FINRA) new member and continuing member processes and on regulatory issues in connection with corporate transactions. Ms. Smith has worked with clients to receive exemptive relief from securities laws and regulations, as well as, assisted clients in providing comments to proposed securities legislation.

At the firm, Ms. Smith has been active on the Diversity Committee, Hiring Committee, Pro Bono and Community Service Committee and various volunteer based initiatives. In 2016 and 2017, she was co-chair of firm's New York summer associate program. 

While in law school, Ms. Smith was a Compliance Audit Specialist for M&T Securities. She audited personnel to ensure compliance with internal, FINRA and Securities and Exchange Commission (SEC) rules. While employed by M&T Securities, Ms. Smith held the following securities licenses: Series 6, 7, 24, 53, 63 and 65. Ms. Smith also interned at the Investment Management Division of the SEC and the Litigation Department at FINRA.

Honors & Awards

  • Recognized as a "Rising Star" in the 2015, 2016 and 2017 editions of New York Super Lawyers
  • Pro Bono Publico Award, Legal Aid Society, 2015 
  • Volunteer Appreciation Award, WilmerHale, 2011

Publications & News

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April 18, 2018

WilmerHale Recognized for Pro Bono Work by Immigrant Defense Project

On April 10, WilmerHale was recognized by the Immigrant Defense Project (IDP) for its work in the area of immigrant rights. The firm and other honorees were recognized at the IDP's 20th Anniversary Gala in New York City.

April 2, 2018

FINRA Requests Comment on Proposed New Outside Business Activities Rule

FINRA is seeking comment on a proposed new rule, FINRA Rule 3290 (the “Proposed Rule”), which governs the outside business activities and private securities transactions of registered persons. The Proposed Rule would replace both current FINRA Rule 3270 (Outside Business Activities of Registered Persons) and current FINRA Rule 3280 (Private Securities Transactions of Associated Persons), and is intended to reduce unnecessary burdens and focus compliance resources on activities most likely to pose a risk to investors.

March 27, 2018

SEC Proposes Transaction Fee Pilot for NMS Stocks

On March 14, 2018, the Securities and Exchange Commission (SEC) proposed Rule 610T of Regulation NMS under the Securities Exchange Act of 1934 to conduct a pilot program (Pilot) to study the effect of equity exchange transaction fees and rebates, and changes to those fees and rebates, on order routing behavior, execution quality and market quality.

January 2, 2018

WilmerHale Announces 2018 Partner Elevations

We are pleased to announce the elevation of our new partners.

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.

October 22, 2013

Knight Capital Settles Rule 15c3-5 Violations with SEC, Agrees to Pay $12 Million

October 22, 2009

Dark Pools Under SEC Spotlight

October 1, 2009

Mark-Ups

Co-authored by Nicolas and Smith, published in PLI Broker-Dealer Regulation, (Clifford Kirsch) § 10, 2009.

July 30, 2009

Short Sale Developments: "Close-Out" Requirement Made Permanent and Additional Regulatory Initiatives Expected from the Securities and Exchange Commission

Published in the Journal of Investment Compliance. Originally published by WilmerHale.

Professional Activities

In 2014, Ms. Smith completed the Council of Urban Professionals (CUP) Executive Leadership Program, a year-long leadership development program comprised of leadership training, coaching and keynote conversations with executives. Ms. Smith is also a member of the National Bar Association. 

Practices

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Education

JD, with honors, The George Washington University Law School, 2008

BBA, The George Washington University, 2004

Bar Admissions

District of Columbia

New York

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