David Whitcomb
Managing Director, Legal Department @Charles Schwab
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WORK HISTORY
Managing Director, Legal Department @Charles Schwab
Chicago, IL
Returning to Schwab in 2012, I have held a multi-faceted position as Enterprise Counsel to the Trading and Education business, Fixed Income Sales and Trading, Regulatory Counsel for Active Trader business, and General Counsel of retail derivatives trading firm, optionsXpress, Inc. I oversee legal services for domestic and international companies, including corporate governance, project support, contract negotiations, regulatory counselling, and training/education offerings. I daily navigate legacy regulatory challenges, guide integration activities, advise on active trading platform development, operational matters, and API connectivity. I draft and negotiate new issue product distribution agreements with issuers, underwriters, syndicate members, and dealers and am an active participant in the firm’s cryptocurrency working group and principal legal support for fixed income trading and sales group. Results— • Catalyst behind development of Schwab Futures’ CFTC-mandated risk management program. • Principal attorney behind successful integration of TD Ameritrade offerings and optionsXpress into Schwab, mitigating and resolving legacy regulatory challenges. • Supported establishment of online fixed income sell order capability, developing compliance with new FINRA/MSRB markup disclosure rules, addressing issues regarding SEC Exchange Act Rule 15c2-11, and extending the trade desk’s network of counterparties.
EDUCATION
Clark University
Bachelor of Arts - BA
Golden Gate University, School of Law
Doctor of Law - JD
ABOUT DAVID WHITCOMB
Proven success bolstering regulatory investigations and litigation, and assessing/balancing risk and liability. Concentration in financial services, fixed-income trading, and regulatory oversight with deep knowledge of financial structures and regulatory law. Emphasis on trading and broker-dealer/ FCM issues. Approved FINRA Dispute Resolution and NFA Arbitrator. Known for deriving creative case strategies and negotiation to support legal strategy. Trusted collaborator with strong leadership, administrative, and communication competencies as well as the ability to proceed amid ambiguity. Other experience includes VP, Compliance Department, Charles Schwab & Co, Inc. and Attorney/Branch Chief, U.S. Securities and Exchange Commission, Division of Enforcement. SIGNATURE STRENGTHS Legal Strategy & Management | Crisis Management | Derivatives & Cryptocurrency | Business Litigation Fixed-Income Trading & Sales | Contractual Negotiation | Regulatory Counseling | Risk Management
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