David Schechter Email & Phone Number

New York, Ny, Us

San Francisco, California, Us

Manage all legal issues impacting Brex Asset Management, which provides venture debt and growth capital to VC-backed customers of Brex. Primary areas of focus include private fund formation and maintenance, and venture debt deal documentation (loan/credit agreements, warrants, rights to invest, etc.)

San Francisco, California, Us

Lead product counsel managing all issues related to Brex Cash, a bank account alternative operated by Brex's broker-dealer affiliate ($1B+ AUM)

New York, Ny, Us

David Schechter served as In-House Counsel and Senior Manager at MoneyLion, Inc. ("MoneyLion"), and General Counsel and Chief Compliance Officer of ML Wealth, LLC, an SEC-registered, 203A-2(e) automated internet investment adviser that manages investments on behalf of members in MoneyLion's "MoneyLion Plus" program. Over 90% of MoneyLion customers are investing in the markets for the very first time.David also served as General Counsel of MoneyLion Securities LLC, a FINRA-registered broker-dealer, and as in-house counsel for Invest in America Credit Fund 1 LLC, MoneyLion's Reg-D private offering that allows investors to generate returns from loan receivables originated by various MoneyLion subsidiaries (~$100M AUM). David's experience and responsibilities at MoneyLion included, but were not limited to: the structuring and negotiation of numerous $20M + complex debt transactions (including the negotiation of credit agreements, pledge agreements, loan and security agreements, trust agreements, etc.); the drafting of prospectuses, offering documents, private placement memoranda, vendor agreements, and more; SEC and FINRA compliance, including full management of, and responsibility for, Forms ADV, Forms BD, Forms NMA, compliance manuals, codes of ethics, business continuation plans, approval of marketing materials, annual compliance reviews, and more.

New York, Ny, Us

Broad-based commercial litigator with particular emphasis on securities litigation and handling examinations and inquiries by the SEC and other agencies.Sample matters include, but are not limited to:  Securing an award of over $7 million in a FINRA arbitration against an investment bank in connection with an investment in auction rate securities;  Guiding successful settlement of a dispute arising out of the $50 million sale of a music publishing business. Negotiating effectively with the SEC in connection with regulatory investigations and inquiries into investment funds; Winning summary judgment on behalf of the owner of multiple nursing home facilities against a borrower who had failed to make payment on a personal guarantee of a loan of over $5 million; Successfully having a client's on-the-record settlement agreement overturned due to failure to negotiate material terms with respect to a buyout of an interest in a family business exceeding $20 million;  Representing the majority of a joint venture partnership in a successful mediation to buy-out the minority’s interest in a 113-unit apartment building in Queens, New York;  Obtaining complete pre-discovery dismissal of an action in federal court for an accountant on claims including fraud, negligent misrepresentation, breach of fiduciary duty, and unjust enrichment;  Obtaining complete dismissal with prejudice of an action in federal court against an investment company for fraud and conspiracy in connection with an equity investment in a distressed company;  Winning summary judgment for defendants in an action in which plaintiffs sought to seize control of stock held in escrow following a merger of two companies;

New York, Ny, Us

Litigator with a particular emphasis on white collar criminal defense, securities, and complex commercial disputes. Represented the founder of PokerStars in connection with the "Black Friday" online poker litigation that rocked the online gaming industry. Represented a foreign hedge fund in connection with its involvement in the Bernard L. Madoff Investment Securities LLC liquidation proceeding. Represented a monoline insurer in a class action alleging that it had not disclosed the full extent of exposure to subprime residential mortgage-backed securities. Cooperated and worked collaboratively with the FBI and Department of Justice in connection with a pro bono representation involving alleged criminal violations of a former NYPD Officer. Managed large-scale document requests in a complex commercial litigation context. Traveled abroad to interview witnesses and conduct litigation prep in connection with a white collar criminal defense case. Served as head coach of the Mock Trial Team at the High School for Law and Public Service

New York, Ny, Us

Summer Law Clerk representing wrongfully imprisoned individuals in litigation proceedings seeking their exoneration.

Juris Doctor

Bachelor Of Arts (B.A.)

Education record