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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 
Michael J. Osnato, Jr.
Partner
 
425 Lexington Avenue
New York, NY 10017 
 
Email:
Phone: +1-212-455-3252
Fax: +1-212-455-2502

Mike Osnato, former Chief of the Complex Financial Instruments Unit of the Securities and Exchange Commission’s Enforcement Division, focuses his practice on high-stakes regulatory and criminal matters, government investigations, sensitive whistleblower complaints and SEC examination and compliance counseling. As head of the Enforcement Division’s CFI unit, Mike led a nationwide unit of 45 attorneys and financial industry experts responsible for developing and executing the SEC’s post-financial crisis enforcement agenda in the markets for sophisticated financial products and practices.  

Under Mike’s leadership, the CFI Unit developed innovative investigative and analytic techniques that resulted in some of the agency’s most significant enforcement actions in recent years, including matters involving global financial institutions, asset managers and public companies. Prior to his tenure as Unit Chief, Mike served as Assistant Regional Director in the SEC’s New York Regional Office, where he supervised a wide range of prominent accounting fraud, investment adviser and insider trading investigations.

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Work Highlights

Supervised the following cases at the SEC:

  • Global financial institution in violations of SEC Customer Protection Rule culminating in historic $415 million penalty
  • Fraud and internal controls cases against traders and global financial institution arising from six billion dollar derivatives trading loss
  • SEC’s first fraud cases against bank issuers of complex derivative products
    First SEC fraud charges against major credit rating agency
  • Disclosure and controls violations by financial institutions arising from multibillion-dollar regulatory capital overstatements
  • Fraud case against senior-most investment bankers charged for financial crisis-related conduct

 

Education
  • Fordham University School of Law, 1997 J.D.
  • Williams College, 1994 B.A.
Admissions
  • New York 1998

Michael J. Osnato, Jr., former Chief of the Complex Financial Instruments Unit of the Securities and Exchange Commission’s Enforcement Division, is a Litigation Partner and member of the Firm’s Government and Internal Investigations Practice. He focuses on high-stakes regulatory and criminal matters, government investigations, sensitive whistleblower complaints and SEC examination and compliance counselling.

During his tenure at the SEC, Mike led a specialized, nationwide unit of 45 attorneys and former Wall Street professionals in the SEC’s investigations related to complex financial products and practices involving sophisticated market participants. Under Mike’s leadership, the CFI Unit was charged with developing innovative and streamlined methods for monitoring and investigating products and risks that posed a large-scale risk to the securities markets. He supervised investigations and litigations involving the structuring, sale, trading and valuation of derivatives, asset-backed securities and other complex securities by banks, asset managers and public companies, including:         

    • Global financial institution in violations of SEC Customer Protection Rule culminating in historic $415 million penalty

    • Fraud and internal controls cases against traders and global financial institution arising from six billion dollar derivatives trading loss

    • SEC’s first fraud cases against bank issuers of complex derivative products

    • First SEC fraud charges against major credit rating agency

    • Disclosure and controls violations by financial institutions arising from multibillion-dollar regulatory capital overstatements

    • Fraud case against senior-most investment bankers charged for financial crisis-related conduct

At the SEC, Mike was a member of various national leadership Committees, including the Enforcement Division’s Cooperation Committee, which oversees the SEC’s Cooperation Program for entities and individuals subject to SEC investigation. During his tenure on the Cooperation Committee, Mike played a leadership role in developing innovative uses of the Enforcement Division’s Cooperation Program and formulating national policy relevant to the resolution of high-stakes matters. Mike has extensive experience in evaluating the strength of corporate compliance and controls programs, the adequacy and value of corporate and individual cooperation in SEC matters, and has played a lead role in several of the SEC's most prominent settlements involving admissions of wrongdoing.

Throughout his tenure at the SEC, Mike worked in close partnership with multiple domestic and international law enforcement agencies, including the Department of Justice, FBI, CFTC, Federal Reserve, the Manhattan District Attorney's Office, the New York Attorney General's Office, the Office of the Comptroller of the Currency and the U.K. Financial Conduct Authority. 

Mike first joined the SEC’s Enforcement Division in September of 2008 as a staff attorney. Prior to his promotion to Chief of the CFI Unit, he served as Assistant Regional Director in the SEC’s New York Regional Office from 2010 through January 2014, where he supervised a number of prominent financial crisis, accounting fraud and investment adviser investigations.  

Mike frequently speaks at conferences on subjects relating to securities enforcement, regulatory developments and private fund enforcement. He also serves as Visiting Lecturer at a prominent European university on the SEC's regulatory and enforcement processes. 

Prior to his tenure at the SEC, Mike was an attorney at two prominent international law firms. He received his J.D. with Honors in 1997 from Fordham Law School, where he was a member of the Law Review, and his B.A. with Honors from Williams College in 1994, where he was a Distinguished Scholar.

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