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Conor Almquist
Associate
Fried, Frank, Harris, Shriver & Jacobson LLP

Conor Almquist is an associate in the firm’s Financial Services Group. He counsels both financial institutions and “buy-side” market participants on a variety of transactional and regulatory matters including compliance with SEC, FINRA and CFTC regulations. He also has experience in drafting and negotiating trading and financing documentation, including prime brokerage agreements, ISDA Master Agreements, and various other industry standard agreements.

Conor is a contributor to the chapters on recordkeeping and dealings with customers in Lofchie’s Guide to Broker-Dealer Regulation.

He earned his J.D. from the Fordham University School of Law and his B.A. from New York University. Conor is admitted to practice in the State of New York.

 

 

Practice Areas

  • Financial Regulation

Admissions

  • New York

Education

  • Fordham University, School of Law J.D.
  • New York University B.A.

Recent Articles & Comments

November 22, 2022

This enforcement action is a good reminder to firms utilizing vendors for reporting that the ultimate obligation to produce accurate reports remains with firms regardless of outsourcing arrangements. Firms outsourcing regulatory functions to third-party vendors should have robust supervision and review in place to ensure they are receiving accurate data and are satisfying regulatory obligations. While ongoing review of outsourcing arrangements is prudent, this instance could have been…

September 27, 2022

In these Orders, the SEC and the CFTC make mention of electronic communication surveillance systems. Given the number of personal electronic devices capable of sending communications an average employee likely possesses, monitoring them in a meaningful way would, at minimum, present a huge logistical challenge. While firms are clearly able to monitor communications made through firm systems on personal devices, it is not clear how they could reasonably monitor the host of other potentially…

August 04, 2022

This enforcement matter provides some insight into the SEC's ongoing focus on records of communications. Here, the firm failed to enforce its policy limiting communications to platforms that preserve messages, and responded to violation of such policy in at least one instance by instructing the employee to delete the inappropriate text messages.

As a practical matter, it is nearly inevitable that communications off of firm approved systems will occur from time to time (i.e. a client…

July 25, 2022

There were a number of notable moments in a discussion Mr. Behnam had with Aaron Klein, senior fellow at the Brookings Institution, after the Chair delivered his prepared remarks. Mr. Behnam restated that the CFTC needs clear market oversight over digital commodity assets, emphasizing that traditional market surveillance and oversight authority would bring transparency to digital markets, protect customers and ultimately support the market's growth. While Mr. Benham repeatedly emphasized the…