Mr. Raissi is a partner of the Firm and Chair of the Firm’s Securities Enforcement Defense Group. Before joining the Firm, Mr. Raissi was a Senior Counsel in the Division of Enforcement of the Securities and Exchange Commission in Washington, D.C. While at the SEC, he handled investigations and litigation in both federal court and administrative forums, including cases involving accounting irregularities, auditor misconduct, internal corporate controls, public company disclosures and periodic reports, insider trading, securities offerings, market manipulation, and broker-dealer and investment adviser regulation. Mr. Raissi coordinated matters with federal and state criminal prosecutors, foreign regulatory agencies, and self-regulatory organizations such as FINRA.

In private practice, Mr. Raissi has represented boards, officers, directors and entities before federal and state securities regulators, before self-regulatory organizations and in private securities litigation. He has extensive experience with investigations involving public company accounting and reporting issues, insider trading, as well as those involving investment advisers, hedge funds and broker-dealers. He has been involved in hundreds of matters involving public companies, auditors, venture capital and private equity, investment advisers, hedge funds, investment companies and broker-dealers. His principal areas of practice are SEC enforcement matters, DOJ/US Attorney investigations, securities litigation, internal investigations and regulatory compliance.

Mr. Raissi frequently litigates cases involving complex securities matters. On several occasions he has successfully litigated against the SEC and self-regulatory organizations. Some of his noteworthy decisions include:

  • SEC v. Felix, et al., No. C-12-1258 (N.D. Cal. December 3, 2013) (defeated SEC’s motion for summary judgment);
  • SEC v. Leslie, et al., 2010 U.S. Dist. LEXIS 76826 (N.D. Cal. 2010) (partial summary judgment granted for client in public company financial reporting case);
  • In re KFx, Inc., 299 F.Supp.2d 262 (S.D.N.Y. 2004) (summary judgment granted for clients in section 16 “short swing” case);
  • SEC v. Truong, 98 F.Supp.2d 1086 (N.D. Cal. 2000) (summary judgment granted for client in insider trading case);
  • SEC v. Dain Rauscher, Inc., et al., Fed. Sec. L. Rep. (CCH) ¶90,665; 1999 U.S. Dist. LEXIS 16905 (C.D. Cal. Aug. 18, 1999) (summary judgment granted for client in municipal bond offering case).

While at the SEC, Mr. Raissi was the Division of Enforcement’s 1995 nominee for the Manuel F. Cohen award for outstanding contribution by a Commission member. He is a member of the Association of Securities and Exchange Commission Alumni, the Bar Association of San Francisco, and the Association of Business Trial Lawyers. Mr. Raissi also serves on a number of committees for legal and industry groups.

Mr. Raissi frequently speaks and writes about securities enforcement and regulation. He has been a guest commentator on CNBC and Bloomberg TV, and has been quoted in publications ranging from The Wall Street Journal and The New York Times to the local legal and business press.