FacultyFaculty/Author Profile

Paul S. Maco

Vinson & Elkins LLP
Washington, DC, USA

Paul S. Maco

Paul practices in the areas of federal securities and commodities law and public finance. He represents clients before the Securities and Exchange Commission and self regulatory organizations in regulatory, enforcement, and compliance matters, conducts internal investigations, serves as counsel in municipal securities transactions and coordinates public finance activities in our Washington office. Paul's clients include individuals, corporations, broker-dealers and municipal securities dealers, state and local governments, and foreign securities and commodities regulators. Paul is a member of the Board of Advisers to the Emirates Securities and Commodities Authority Board of Directors. He has advised on development of the UAE corporate governance law as well as securities and commodities regulations. He also advises securities and commodities exchanges in the Gulf Region.

Paul joined the firm as a partner in 2000 after establishing and serving as the first Director of the Securities and Exchange Commission's Office of Municipal Securities. He began his career as an attorney in the SEC's Division of Enforcement and, after 15 years in private practice, returned to the SEC as an attorney fellow in the SEC's Office of General Counsel. As Director, Paul was responsible for leading the effort to modernize regulation of the municipal bond market under former SEC Chairman Arthur Levitt. He advised the Commission on enforcement actions, rulemaking policy and oversight of the Municipal Securities Rulemaking Board. He initiated a program providing technical assistance in creating sub-sovereign debt markets and coordinated SEC efforts to end "pay-to-play" practices in the U.S. municipal securities markets. Prior to re-joining the SEC in 1994, Paul practiced law for 15 years in New York and Boston specializing in public and project finance and federal securities law.

Paul received the "Chairman's Award for Excellence" for his work in developing the amendments to Rule 15c2-12, while at the SEC, and received "The National Federation of Municipal Analysts Industry Contribution Award" in 2001. Paul is listed in The Best Lawyers in America® in securities law, 2005 - 2010; in corporate governance and compliance law, 2006 - 2010; and public finance law, 2005 - 2010.  Additionally, he is listed in Who's Who and What's What on Wall Street, Who's Who in America, Who's Who in American Law,The Lawdragon 500 Leading Lawyers in America 2005 edition, and Washington D.C. Super Lawyers 2007 for securities and corporate finance.

Paul is frequently interviewed and quoted as an authority on securities regulation in international news media including The National, FTSE Global Markets, BBC News, The Business Times Singapore, and The Singapore American, as well as U.S. media, including The New York Times, The Wall Street Journal, Bloomberg News, the Associated Press, Reuters, and The Bond Buyer. 
Education and Professional Background

  • New York University School of Law, J.D., 1977
  • Lehigh University, B.A., 1974 (Omicron Delta Kappa)
  • Admitted to practice: New York, 1978; Massachusetts, 1987; District of Columbia, 2001; United States Supreme Court

Professional Recognition

  • The Best Lawyers in America® in corporate governance and compliance law, 2006 - 2011; in public finance law, 2005 - 2011; in securities law, 2005 - 2011
  • Washington, D.C. Super Lawyer," Washington, D.C. Super Lawyers, 2007 - 2010

Activities and Affiliations

  • Adjunct Associate Professor of Law: Federal Securities Markets, American University Washington College of Law (1997-1999)
  • Instructor: Federal Securities Law and International Securities Transactions, Morin Center for Banking Law Studies, Boston University School of Law (1992-1996 and 1999-2003)
  • Member: Editorial Board, Municipal Finance Journal; Government Finance Officers Association; American Bar Association, Committee on Federal Regulation of Securities, Section on International Law, and State and Local Government Section; National Association of Bond Lawyers (Board of Directors 1989-1992); American College of Bond Counsel; Association of the Bar of the City of New York

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