In the area of financial services regulation, Mr. Young represents major corporations, exchanges, trading platforms, brokerage houses, banks, pension organizations and investment managers before the U.S. Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), Department of Labor and federal banking agencies. He is actively advising clients on the development of federal regulatory policy on all forms of derivatives under the Dodd-Frank Act.
In the derivatives litigation area, he successfully argued appeals in landmark cases under the federal securities laws and the Commodity Exchange Act. Those decisions addressed jurisdiction of the CFTC, SEC and bank regulators over newly created derivatives and other financial instruments; the scope of the definition of a “security”; the availability of private damage actions; extraterritorial application of U.S. securities and futures laws; the standards of liability for fraud and manipulation; electronic trading markets; and the scope of fiduciary obligations of brokerage firms and banks. Mr. Young also has experience in agency litigation defending government enforcement actions involving fraud, manipulation, reporting and registration violations.
Mr. Young, who is a former CFTC assistant general counsel, is active in a wide range of legislative issues. He played a lead role in connection with every major piece of legislation to amend the Commodity Exchange Act, the statute administered by the CFTC, since 1978. These bills have focused on financial regulatory reform, swaps and other derivatives, energy prices and jurisdictional disputes between the CFTC and the SEC.
Mr. Young also represents major pension funds in connection with their use of the swaps, futures and options markets to manage the risk of future price changes in stocks, interest rates and currencies.
Mr. Young was selected for inclusion in Chambers USA: America’s Leading Lawyers for Business 2015 and 2016, and in Chambers Global 2016. He repeatedly has been listed in The Best Lawyers in America and IFLR1000. Mr. Young also was named Best Lawyers’ "2014 Washington DC Derivatives and Futures Lawyer of the Year."