FacultyFaculty/Author Profile

Ronald E. Wood

Proskauer Rose LLP

Los Angeles, CA, USA

Ronald E. Wood is Senior Counsel in Proskauer Rose LLP's Litigation and Dispute Resolution Department and a member of the Firm's Securities Litigation and Enforcement Practice Group.  Ron has been a securities litigator since entering practice in 1987, and has developed and tried securities cases from both sides, having served as a Securities and Exchange Commission enforcement lawyer and as defense and advisory counsel to financial services firms and financial industry professionals.

During 10 years with the SEC, Ron conducted and directed investigations and follow-up civil and administrative proceedings in matters involving insider trading, market manipulation, fraudulent stock offerings, Ponzi schemes, false financial reporting and disclosure violations, followed by six years at Morgan Stanley where he was an Executive Director in the Law Division, managing Morgan's Southern California legal staff in litigation and regulatory matters during the turbulent years following the bursting of the technology and telecom stock market bubble.

While serving as Assistant Director of the SEC's Los Angeles Regional Office, Ron was awarded the SEC's Supervisory Excellence Award and was honored, while serving as an Enforcement Branch Chief in the Chicago Regional Office, to be nominated for the Stanley Sporkin Award for outstanding contribution to the Enforcement program.

He received his BA from Howard University and his JD from Howard Law School, where he served on the Howard Law Journal and National Moot Court Board.  He began his career in the San Francisco office of McCutchen, Doyle, Brown and Enersen, (now Bingham McCutchen).

Recent matters Ron has handled or is currently handling include:

Currently lead coordinator for several private equity fund clients in multi-jurisdictional investigations by SEC, U.S. Attorney's Office and NYAG into suspected pay to play issues involving elected and union officials who direct public pension fund allocations and the private investment managers and placement agents who frequently connect them.

Lead defense counsel in SEC investigation of international hedge fund for suspected manipulation of stocks in various U.S. listed public companies by international traders and account holders.

Lead an internal investigation concerning 10 years of option granting and bonus award practices for special committee of the Board of a high tech company. Investigation covered four domestic and seven foreign operating divisions, including Europe and the Middle East.  Lead interface with SEC staff, which ultimately determined not to recommend enforcement action.

Co-lead internal investigation into failure of U.S. public company to properly report corporate and payroll taxes, and contribute to the social security accounts for foreign subsidiary employees.  Analyzed potential violations of the Foreign Corrupt Practices Act ("FCPA") and managed collateral legal implications including reconciling with foreign tax authorities and outside auditors, and reporting to SEC.

Lead defense of SEC pay-to-play investigation concerning allocation of IPO shares to high profile public official at a time when underwriter was simultaneously bidding on municipal bond offerings.

Defended parallel SEC and FINRA investigations following client's voluntary reporting of two purported hedge fund managers who claimed $50 million in trading losses due to purported order entry and margin calculation errors while running a fraudulent scheme, including a Ponzi component.

Defended SEC stock manipulation investigation of broker suspected of conspiring with other brokers around the country to manipulate the price of a public company.


  • twitter
  • LinkedIn
  • YouTube
  • RSS

All Contents Copyright © 1996-2019 Practising Law Institute. Continuing Legal Education since 1933.

© 2019 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.