Elan Mendel advises clients on matters relating to capital markets, in particular regulatory and transactional matters concerning foreign exchange products. He counsels futures commission merchants (FCM) and other brokers and dealers of foreign exchange products and other financial instruments on new swaps regulations implemented by the Dodd-Frank Act.
Mr. Mendel provides guidance to firms seeking to register with the CFTC as a swap execution facility (SEF), swap dealer, or major swap participant and helps prepare the complex internal policies and procedures, client documentation, and trading agreements necessary to participate in this newly-regulated market.
Mr. Mendel facilitates the preparation of regulatory compliance programs for swap execution facilities, FCMs, retail foreign exchange dealers, and introducing brokers, including comprehensive anti-money laundering (AML) policies and procedures to enable his clients to comply with CFTC and NFA rules and to prepare for routine CFTC and NFA audits.
Prior to joining Shipkevich, Mr. Mendel worked in the legal department of a New York FCM and Forex Dealer Member. Previously, he was involved in Chapter 7 Trustee and federal receiver representation in the federal District and Bankruptcy Courts in the Southern and Eastern Districts of New York. He helped prosecute countless fraudulent conveyance and preference actions, including actions against foreign governments and large, multi-national corporations, and negotiated turnover of millions of dollars in estate assets.
During law school, Mr. Mendel worked for the Honorable Frederic Block, United States District Judge in the Eastern District of New York. Prior to becoming an attorney, he performed internal AML/BSA and currency audits for Commerce Bank.