Ignacio Sandoval Email & Phone Number

Ignacio A. Sandoval is a securities and financial institutions lawyer who helps clients meet their business objectives consistent with regulatory obligations. Drawing on experience as a special counsel in the Office of Chief Counsel in the U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets, Ignacio counsels broker-dealers, securities exchanges, alternative trading systems, transfer agents, clearing organizations, banks and other domestic and foreign market participants in traditional and emerging industries, such as digital assets and the use of artificial intelligence.Ignacio engages with the SEC and FINRA on behalf of clients on matters related to their business by seeking regulatory relief, interpretive guidance, exemptions and as a subject matter expert in enforcement and examination matters. He advises major U.S. broker-dealers in their clearing, retail, trading and institutional businesses, and on financial responsibility and operational matters.Ignacio has counseled numerous broker-dealers on their obligations under the net capital rule, the customer protection rule, margin (Regulation T, Regulation U, Regulation X, FINRA Rule 4210, etc.), recordkeeping and reporting rules (Rule 17a-3, Rule 17a-4, Rule 17a-5, Rule 17a-8, Rule 17a-11, Rule 17a-13, etc.) and other middle office and back-office requirements. He has drafted market standard clearing and custody agreements for broker-dealers and has experience working on various types of agreements affecting market intermediaries and participants, including trading agreements, customer agreements, distribution agreements and platform agreements.Ignacio regularly registers and provides support to alternative trading systems (ATS) and counsels market participants regarding their obligations to register as such. He has helped broker-dealers develop management platforms for clients involving money market funds and similar instruments. He also has experience with cash sweep programs involving money market funds and bank deposit programs insured by the FDIC.Ignacio’s experience also includes matters relating to domestic and foreign broker-dealer registrations, customer account statements and confirmations, mergers and acquisition brokers, AML obligations for buy-side and sell-side participants, and outsourcing broker-dealer technology and platforms. He counsels foreign exchanges and foreign clearing organizations regarding U.S. regulatory obligations on the access of U.S. person to foreign options markets and security-futures products.

Listed skills include Securities Regulation, Securities, Capital Markets, Sec, and 11 others.