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Rick Reibman

Partner

Chicago
312 580 2205 direct

Backed by a 25-plus-year career on the legal and regulatory side of financial markets, Rick is an insightful advisor to trading firms, brokerage firms, trade execution firms, and investment managers in the futures, securities and options markets. He also co-chairs the firm's corporate and securities group, leading the practice in Chicago.

In addition, he regularly advises companies and ventures of all types on business formation, strategic transactions, agreements, corporate governance, and general business counseling.

In his regulatory practice, Rick provides practical, straightforward advice on all aspects of trading futures, securities, options, swaps, hedging, and other transactions. Rick works on a near-daily basis with regulators, and taps his experience to provide clients with candid, forthright advice about resolving an issue, whether through thoughtful negotiation or a vigorous administrative response. He has successfully represented clients before NFA, FINRA, CFTC, SEC, and the various futures and securities exchanges, and frequently leads litigation efforts in these highly complex areas.

Rick represents registered and unregistered fund managers (and trading advisors) in the formation and operation of private investment funds, including onshore and offshore commodity pools. He advises electronic trading platform providers as well as licensors of trading programs and front-end systems.

Unlike many financial regulatory attorneys, Rick has direct experience in the futures and options markets, having spent the first decade of his career as a principal of futures and options arbitrage and brokerage operations. He knows the markets, understands the transactions and the language, and wastes no time in working directly with the leaders of trading and brokerage firms to craft responsive, proactive solutions to their regulatory concerns.

His practice is also bolstered by significant experience over many years in bankruptcy and creditors' rights issues. In this area, Rick has represented secured creditors, trade creditors, and commercial debtors inside and outside the bankruptcy process, often leading the workout or restructuring of distressed loans covering many types of collateral.

Since 1995, Rick has served as adjunct professor of law at IIT/Chicago-Kent College of Law, where he regularly teaches courses in financial services regulation and serves on the law school's Compliance Advisory Panel. For several years, Rick has organized, chaired, and presented at a full-day continuing education program designed for lawyers and compliance officers who serve the futures and derivatives industry.

Thompson Coburn Publications

Was that trader really 'spoofing'? Focus on the statute’s words, not the regulator’s claims

Can a futures brokerage firm pay trailing commissions to an inactive AP or his estate?

Commodities traders, know thyself: Are you a pool or prop shop?

Tips for commodity brokers and traders facing auto-renewal provisions in vendor agreements

CFTC rule change brings record-keeping relief for commodity dealers and end-users

Publications

"Potential Regulatory Gaps in Energy Trading," (Co-Author)
Law360 March 27, 2009

"Understanding Basic Asset Protection Principles,"
The Intelligent Guide to Your Financial Future 2005

"Limited Liability Companies and the Bankruptcy Code," (Co-Author)
Taxes Magazine October 1996, reprinted LLC Advisors Oct. 30, 1996

Presentations

7th Annual Conference on Futures & Derivatives;
IIT/Chicago-Kent College of Law (Organizer and Chairman) 6 hr. CLE Program, October 15, 2015

Exchange Enforcement Trends;
Chicago Bar Association. June 12, 2015

6th Annual Conference on Futures & Derivatives;
IIT/Chicago-Kent College of Law (Organizer and Chairman) 6 hr. CLE Program. October 17, 2014

Legal Ethics: Ethical Issues in Hiring Traders and Brokers;
IIT/Chicago-Kent College of Law, October 17, 2014

5th Annual Conference on Futures & Derivatives;
IIT/Chicago-Kent College of Law (Organizer and Chairman), 6 hr. CLE Program, October 25, 2013

Legal Ethics: General Counsel vs. Chief Compliance Officer;
IIT/Chicago-Kent College of Law, October 25, 2013

Chicago Bar Association Program on Financial Derivative Reform: "Exchange Enforcement Actions";
June 14, 2013

4th Annual Conference on Futures & Derivatives;
IIT/Chicago-Kent College of Law (Organizer and Chairman), 6 hr. CLE Program, October 19, 2012

Legal Ethics: Ethical Boundaries for Zealous Lawyers, IIT/Chicago-Kent College of Law (October 19, 2012)

The Changing Regulatory Landscape Webinar;
Markets Media, November 3, 2011

Legal Ethics: Limits on Lawyering;
IIT/Chicago-Kent College of Law October 21, 2011

What's Going on Around Town in Futures and Derivatives;
IIT/Chicago-Kent College of Law (Organizer and Chairman), 6 hr. CLE Program, October 21, 2011

Compliance Roundtable: Hot Issues in Financial Institutions;
IIT/Chicago-Kent College of Law, October 10, 2011

Chicago Trading & Investing Summit 2011;
Presented by Markets Media, LLC, October 6, 2011

Current Issues Around Town in Futures and Derivatives;
IIT/Chicago-Kent College of Law (Organizer and Chairman) 6-hour CLE Program, October 22, 2010

Legal Ethics: New Illinois Rules of Professional Responsibility and Potential Ethical Traps;
IIT/Chicago-Kent College of Law (Organizer and Chairman), 6 hr. CLE Program, October 22, 2010

Risk Management, CTA 2010: Managed Futures and Commodities Investing;
Presented by Reuters Hedgeworld (Panel Moderator), June 2, 2010

Ethical Concerns in a Regulatory Enforcement Case;
IIT/Chicago-Kent College of Law, October 2, 2009

Current Issues in Financial Services Law;
IIT/Chicago-Kent College of Law (Organizer and Chairman) 6-hour CLE Program, October 2, 2009

Exemptions for CPOs and CTAs;
Illinois Institute for Continuing Legal Education, November 16, 2007

Alternatives to Bankruptcy;
Illinois CPA Society, July 13, 2006

Trading Arcades;
Chicago Bar Association's Futures & Derivatives Law Committee, April 25, 2006