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Chris Salter


Washington, D.C.

Salter Chris
Chris Salter


Washington, D.C.

Chris’ practice focuses primarily on advising financial institution clients, and specifically broker-dealers, investment advisers, private equity funds, and hedge funds on compliance with the federal securities laws and regulations and on compliance with the rules of the self-regulatory organizations (SROs), including the Financial Industry Regulatory Authority.

Previously, Chris worked at the U.S. Securities and Exchange Commission (SEC) as an Attorney in the Division of Market Regulation. Chris also is a Certified Public Accountant who worked as an Audit Manager for the U.S. Government Accountability Office and as a Staff Accountant for KPMG Peat Marwick, where he obtained extensive accounting and financial regulatory experience.

While at the SEC, Chris responded to requests from broker-dealers and self-regulatory organizations for interpretation, guidance, and no-action relief with regard to the SEC’s broker-dealer financial responsibility rules, including the net capital rule, the customer protection rule, the books and records rules and the financial reporting rules. In addition, Chris worked extensively on various SEC rulemaking efforts, including the adoption of a limited regulatory structure for dealers active in the over-the-counter derivatives market.

Chris has extensive experience advising clients with respect to broker-dealer and investment adviser regulation. He routinely helps broker-dealers and investment advisers in registering with the SEC, the states and becoming members of SROs. Chris routinely advises clients on their supervisory procedures and compliance policies, and assists clients with the development of their policies and procedures. Chris has extensive experience with compliance reviews and audits as well as internal investigations. Chris also represents clients in enforcement actions before the SEC, SROs, the U.S. Attorney’s Offices, and the State Attorney General’s Offices.

Chris is recognized in Chambers USA 2019 as a leading individual for Financial Services Regulation: Broker Dealer (Compliance). According to a client quoted by Chambers, Chris "is a really sharp legal and policy mind."

Related articles

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Publications: 17 October 2022

Electronic storage rule amendments

The Securities and Exchange Commission, on October 12, 2022, adopted amendments to its books and records electronic storage requirements for broker-dealers and certain security-based swap entities…

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Blog Post: 11 October 2022

SEC builds on crypto influencer enforcement with USD1.26 million settlement with Kim Kardashian

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Publications: 09 June 2022

SEC proposes enhanced ESG disclosures with significant repercussions for private funds, private wealth advisers, and broker-dealers

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Washington, D.C.

1101 New York Avenue, NW
Washington, D.C.

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Admitted to the Bar, District of Columbia, 2000

Admitted to the Bar, State of Virginia, 1995


J.D., George Mason University School of Law, 1995

B.B.A, cum laude, James Madison University, 1989

Published work

  • "Pay-To-Play Lessons From This Week's SEC Settlements," Law360 (Feb. 17, 2017), with Charles Borden, Bill White, Samuel Brown and Claire Rajan
  • "Securities and Exchange Commission Announces Protection Rule Initiative," Allen & Overy Publication (June 28, 2016), with Barbara Stettner, William White, Kimberly Chehardy and Matthew Daigler
  • "To Conform or Not to Conform": The Federal Reserve releases guidance on obligations of banking entities under the Volcker Rule during the conformance period," Allen & Overy Publication (April 2012), with Doug Landy, Lawton Camp, David Lucking, Deborah North, John Williams and Rebecca Smith
  • "U.S. SIFI Standards, A Critical Hit" International Financial Law Review, March 2012, with Doug Landy and Serena Wille
  • "The SEC Staff Provides Guidance On Multiple Advisers' Reliance On A Single Registration," Allen & Overy Publication (February 2012), with Jarrod Melson
  • "Only A First Step: The Federal Reserve Board's Proposed Enhanced Prudential Standards For Systemically Important Financial Institutions And Their Potential Implications for Asset Managers," Allen & Overy Publication (January 19, 2012), with Douglas Landy, Bill Satchell, Amena Piracha, Jarrod Melson and Rebecca Smith
  • "2012: A Challenging Year for European Asset Managers," Allen & Overy Publication (January 2012), with Matt Huggett, Nick Williams, Bob Penn, Jean-Christian Six, Pierre Schleimer, Ellen Cramer-de Jong, Brice Henry, Norbert Wiederholt, Frank Herring, Massimiliano Danusso, Salvador Ruiz Bachs, Sylvia Kierszenbaum and Douglas Landy
  • "Designation of SIFIs: Uncertainty Lingers in the Wake of Proposed Rulemaking" Allen & Overy Publication (November 17, 2011), with Sarah O'Sullivan
  • "Peering Over the Hedge: The New US Systematic Risk Reporting Regime," Allen & Overy Publication (November 15, 2011), with Lawton Camp, Amena Piracha, Michael Karol and Hilary Christian
  • "Walking a Narrow Path: The Proposed Volcker Rule and Bank-Affiliated Asset Managers," Allen & Overy Publication (November 2, 2011), with Douglas Landy, Barbara Stettner, John Williams, Deborah North, David Lucking, Lawton Camp, Jillian Ashley and Robert Schwartz
  • "The Volcker Rule and Foreign Banks, Part II: The "Foreign Funds Exemption" and the Outer Limits of Extraterritorial Reach, Allen & Overy Publication (October 27, 2011), with Douglas Landy, Barbara Stettner, John Williams, Deborah North, David Lucking, Lawton Camp and Robert Schwartz
  • "Agencies Release Proposal To Implement Volcker Rule and Request Comment" Allen & Overy Publication (October 11, 2011), with Douglas Landy, Barbara Stettner, John Williams, Deborah North, David Lucking and Lawton Camp
  • “Regulation Of Collateralized Loan Obligations: Where We Are Today,” The Banking Law Journal (July/August 2011)
  • "SEC Amends Custody Rule for Investment Advisers," Insights, Volume 24, Number 2, (February 2010)
  • “Proposed Changes to Investment Advisers Custody Rule,” Insights: The Corporate & Securities Law Advisor, Volume 23, Number 6 (June 2009)
  • “Short Selling and Naked Shorts in the Regulation SHO Environment,” The Review of Securities & Commodities Regulation, (November 2007)
  • “SEC Update: SEC Proposes Soft Dollar Interpretation,” Wall Street Lawyer, (December 2005)
  • “SEC Update: Point of Sale Disclosure,” Wall Street Lawyer, (June 2005)
  • “SEC Update: Non-Purpose Stock Borrow Transactions, Order Handling Rule Proposals, and Marking Order Tickets,” Wall Street Lawyer, (March 2005)
  • “SEC Update: Investment Analysis Tools, Securities Intermediaries, and Consumer Credit Reports,” Wall Street Lawyer, (January 2005)
  • “SEC Releases Final Rule Requiring Hedge Fund Manager Registration,” Banking & Financial Services Policy Report, Volume 24, Number 1, (January 2005)
  • “SEC Update: CEO Certification, Ban on Road Show Participation, and Voting Client Proxies,” Wall Street Lawyer, Volume 8, Number 6, (November 1, 2004)
  • “SEC Update: SEC Proposes Requiring Certain Hedge Fund Managers to Register,” Wall Street Lawyer, Volume 8, Number 4, (September 2004)
  • “SEC Update: 12b-1 Plans, Business Continuity Plans, and Sales of Variable Insurance Products” Wall Street Lawyer, Volume 8, Number 2, (July 2004)
  • “SEC Update: Investment Adviser Compliance and Supervisory Procedures; Past Specific Recommendations,” Wall Street Lawyer, Volume 7, Number 12, (May 2004)
  • “SEC Update: Custody Rule Amendments and Balance Sheet and Trade-by-Trade Confirmation Delivery Exemptions,” Wall Street Lawyer, Volume 7, Number 5, (October 2003)
  • “SEC Update: CCO and CEO Certification, Instant Messaging, and Expense Sharing Agreements,” Wall Street Lawyer, Volume 7, Number 3, (August 2003)
  • “SEC Update: DTC Withdraws Rules, Breakpoints, and Collateral for Borrowed Securities,” Wall Street Lawyer, Volume 6, Number 11, (April 2003)
  • “SEC Update: Issuer Repurchases, Insider Trading Reports, Money Laundering, and Trade-Through Disclosure,” Wall Street Lawyer, Volume 6, Number 9, (February 2003)
  • “SEC Update: Bank Dealer Exemption, Broker-Dealer Financial Information, Supervisory Requirements, and Anti-Money Laundering Programs,” Wall Street Lawyer, Volume 6, Number 7, (December 2002)
  • “SEC Update: Custody of Client Funds, Investment Company Mergers, and White Paper on Resilience of Financial Systems,” Wall Street Lawyer, Volume 6, Number 5, (October 2002)
  • “SEC Update: Web-Based Order Handlers, Confirmation Rules, and Permissible Collateral,” Wall Street Lawyer, Volume 6, Number 3, (August 2002)
  • “Information Sharing Under the USA Patriot Act,” The Banking Law Journal, (July/August 2002)
  • “SEC Update: NASD Proposes Rules Requiring Business Continuity Plans,” Wall Street Lawyer, (June 2002)
  • “SEC Update: Options Markets, Security Futures and Real-Time Trade Matching,” Wall Street Lawyer, Volume 5, Number 12, (May 2002)
  • “SEC Update: Internet Fraud, Phony Web Sites, Pro Forma Disclosures, and a Nine-Point Plan,”, Volume 5, Number 10, (March 2002)
  • “SEC Supports Competition and Innovation (but Not Spoofing or Pro Forma Information), and Possible Changes Ahead for ETFs,”, Volume 5, Number 8, (January 2002)
  • “New Law Requires Updating Anti-Money Laundering Programs,” New York Law Journal, (November 1, 2001)
  • “SEC Update: Margin Rules, Market Data, Online Fraud, and Best Execution,”, Volume 5, Number 6, (November 2001)
  • “SEC Update: Unwanted Trades Not Fraudulent, GAO Findings and the ICI Challenges Calls for Additional Disclosure,”, Volume 5, Number 4, (September 2001)
  • “SEC Update: Looking at Online Brokers and Unregistered Broker-Dealers,”, Volume 4, Number 10, (March 2001)
  • “SEC Update: New Rules for Day-Trading Accounts and No Relief for an Online Transfer Agent,”, (September 2000)