David H. Katz joined Guidepost Solutions in January 2015 as a senior managing director. He previously held senior positions with the U.S. Senate’s Permanent Subcommittee on Investigations, the Internal Revenue Service, and the National Association of Securities Dealers (now Financial Industry Regulatory Authority/FINRA). He also served as a federal prosecutor for eight years specializing in white collar fraud prosecutions. Over the last 25 years, Mr. Katz has developed extensive experience in a number of areas including compliance, securities, commodities, tax, litigation, anti-money laundering, and financial fraud.
Mr. Katz’s engagements with Guidepost Solutions include:
- Served as a key member of the leadership team monitoring a major automobile manufacturer in connection with its deferred prosecution agreement with the U.S. Department of Justice;
- Participated as a member of the leadership team monitoring a foreign financial institution which has been sanctioned by New York regulators for anti-money laundering and sanctions violations; and
- Engaged as the Independent Consultant as part of a U.S. Securities and Exchange Commission settlement with a registered transfer agent to conduct a comprehensive review of its policies and procedures and to recommend corrective measures.
As Senior Counsel to the Permanent Subcommittee on Investigations, Mr. Katz advised the Subcommittee and its Chairman Senator Levin on investigative and legislative matters. He has conducted high-profile investigations involving major multi-nationals and financial institutions including global banks and hedge funds. The range of issues he investigated included offshore tax avoidance schemes, excessive speculation in the commodities markets, structural problems in the equity markets, and abusive structured transactions.
During the Subcommittee’s two year investigation of the financial crisis, Mr. Katz investigated the key causes of the crisis focusing on the role of high risk subprime loans; regulatory failures; inflated credit ratings; and high-risk, conflicts-ridden financial products designed and sold by investment banks. The Subcommittee’s work contributed to passage of the landmark financial reform bill, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Prior to working on Capitol Hill, Mr. Katz was a Senior Advisor to the Commissioner of the Large Business and International Division at the Internal Revenue Service, where he provided guidance on the taxation of financial services entities; led an initiative to identify compliance risks and enforcement issues related to hedge funds and private equity firms; and participated as a member of the Executive Board in the development of the policies and procedures of the IRS’ Whistleblower program.
Earlier in his career, Mr. Katz served as Assistant Chief Counsel and later as Director of Fraud Surveillance in the Market Regulation Department at NASD (FINRA). As the Director, his primary responsibility was to oversee the fraud surveillance for the NASDAQ, the American Stock Exchange, and the Over-The-Counter Markets. In this capacity, he directed and led his staff in hundreds of investigations for fraud and manipulative schemes. He also managed and directed the referral process to the Securities and Exchange Commission and Department of Justice for violations of federal securities and criminal laws. Earlier, as Assistant Chief Counsel, he oversaw a team of lawyers who prosecuted member firms and brokers for violations of NASD rules and the federal securities laws.
Mr. Katz began his career at the U.S. Department of Justice as a Trial Attorney for the Fraud Section of its Criminal Division in Washington, DC, investigating and prosecuting high profile white-collar cases, including securities and telemarketing fraud, bribery, money laundering and government program fraud.
Mr. Katz’s private sector experience includes serving as a partner at Petillon, Hiraide, Loomis & Katz LLP where he represented broker-dealers and corporations and their employees in connection with financial fraud, insider trading, and security fraud matters before FINRA and the SEC. He also represented clients in civil litigation and arbitration proceedings involving securities related claims.