Michael Piracci Email & Phone Number

Houston, Tx, Us

Chesterfield, Missouri, Us

Responsible for leading the Derivative Compliance team in developing and administering the Derivatives Compliance Program across the Bunge value chains.

Singapore, Sg

Advised business regarding the regulation of crypto currency derivatives. Provided legal guidance regarding the offering of crypto currency derivatives on CFTC registered designated contract markets and cleared through a CFTC registered clearinghouse. Lead attorney for futures commission merchant CFTC registration project.

Stanford, California, Us

Lead attorney for product and regulatory issues. Advised the business on legal and regulatory issues related to new product initiatives. Lead attorney for state and federal registration and licensing. Drafted and negotiated agreements with clients, business partners, and third-party vendors.

Oversaw the legal department and compliance program for a futures exchange registered as a designated contract market with the CFTC. Responsible for guiding the exchange through the CFTC registration process and related regulatory filings, including certification of new products and rules related to the operation of the exchange. Primary point of contact with US futures and derivatives regulators. Established and developed, in consultation with the CEO and Board of Directors, policies and procedures designed to fulfill duties and obligations under the Commodity Exchange Act and CFTC regulations. Led drafting and negotiation of agreements with market participants, partners, and third-party vendors.

Chicago, Illinois, Us

Oversee the compliance program for spot and futures crypto currency clearinghouse. Establish and develop, in consultation with the CEO and Board of Directors, policies and procedures designed to fulfill duties and obligations under the Commodity Exchange Act, CFTC regulations and state money services business statutes and regulations. Compliance lead for obtaining derivatives clearing organization registration with the CFTC. Respond to regulatory inquiries, draft client agreements, and negotiate agreements with third-party vendors.

Toronto, Ontario, Ca

Oversaw the Dodd-Frank Title VII compliance program. Worked directly with the global and regional leadership of the Global Banking and Markets futures, commodities (metals and energy), and foreign currency businesses to implement a comprehensive and effective global compliance strategy. As CCO of the FCM and Swap Dealer, established and developed, in consultation with the CEO and Board of Directors, policies and procedures designed to fulfill duties and obligations under the Commodity Exchange Act, CFTC and Federal Reserve rules. Global compliance lead for implementation of the Bank for International Settlements FX Global Code. Assured compliance with internal policies, procedures and best practices, as well as with relevant statutes, rules and regulations, including the Dodd-Frank Act, the Commodity Exchange Act, CFTC, SEC, NFA and exchange and clearinghouse rules. Represented the firm as a member of the Executive Committee of the Futures Industry Association’s Law and Compliance Division.

London, Gb

Statutorily responsible for establishing and developing, in consultation with the Board of Directors, the appropriate policies and procedures for fulfilling the FCM’s duties and obligations under the Commodity Exchange Act and CFTC rules. Managed a staff of four compliance professionals in the US and co-managed four additional compliance professionals globally. Advised on the futures and derivatives clearing and FX prime brokerage business. Worked directly with the global and regional heads of the ADS business to implement a comprehensive and effective global compliance strategy. Effectively addressed compliance issues as part of the migration to an independent third party utility model for post-trade derivatives processing. Served as the main compliance point of contact and representative with US futures and derivatives regulators, exchanges and clearinghouses. Advised on compliance with relevant statutes, rules and regulations, including the Commodity Exchange Act, the Dodd-Frank Act, as well as CFTC, SEC, NFA, exchange and clearinghouse rules. Represented the firm as a member of the Executive Committee of the Futures Industry Association’s Law and Compliance Division.

London, Gb

Led a team of three compliance professionals responsible for advising on all aspects of the regulation of products offered by the wealth business, including fixed income, equities, options, over-the-counter-derivatives, alternative investments, hedge funds, mutual funds, separately managed accounts, mortgages and credit products. Reported directly to the US Head of Personal and Corporate Banking Compliance. Worked directly with the leadership of the wealth business to assure compliance with relevant statutes, rules and regulations, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act, the Dodd-Frank Act, the Investment Company Act, the Commodity Exchange Act, as well as SEC, CFTC, MSRB, CFPB, FINRA, NFA and relevant securities and derivatives exchange and clearinghouse rules.

London, Gb

Led the compliance team for the Americas futures and derivatives clearing and FX prime brokerage business, reporting directly to the Global Head of ADS Compliance and the FCM CCO. Managed a staff of four compliance professionals. Worked directly with Global and Regional heads of the ADS business to assure a comprehensive and effective approach to compliance with relevant statutes, rules and regulations, including the Commodity Exchange Act, the Dodd-Frank Act, as well as CFTC, SEC, NFA, exchange and clearinghouse rules.

Philadelphia, Pa, Us

Advised clients regarding compliance with commodities laws and regulations, including implementation of the derivatives title of the Dodd-Frank Act. Clients included designated contract markets, derivatives clearing organizations, futures commission merchants, swap dealers and end users, commodity pool operators and commodity trading advisors. Prepared registration applications and other regulatory filings, draft comment letters on proposed regulatory rulemakings, disclosure documents and supervisory and compliance procedures. Negotiated ISDA master agreements, futures commission merchant agreements and prime brokerage agreements.

Chicago, Il, Us

Developed and wrote new and amended member rules of the sole registered futures association. Representative rules included those regarding registration requirements for commodity professionals, financial requirements for foreign currency dealers, and financial reporting requirements for commodity pool operators and commodity trading advisors. Prepared and presented memoranda to various committees and the Board of Directors regarding proposed and adopted rules and amendments, federal statutes and regulations, and issues of regulatory policy. Prosecuted disciplinary actions brought against members for rule violations. Wrote response to the CFTC’s review of the organization’s compliance program. Acted as counsel to subcommittees that conduct hearings regarding the denial or revocation of an intermediary’s registration.

Chicago, Il, Us

Philadelphia, Pa, Us

Washington, Dc, Us