Financial Services & The Bank Secrecy Act

Despite major reforms over the past decades, the financial services industry remains a target in Washington. Some policymakers hope to reinforce the rules and regulations on Wall Street while others look to loosen the reigns and stimulate investment. The Gallant Government & Law Group can help companies position themselves in this volatile legislative landscape.

From the securities industry’s perspective, few things are valued higher than certainty and predictability which, in the world of Washington policy, requires an experienced and tested hand who is both level-headed and measured. Gary Gallant is that professional who can deliver insight and analysis that can provide quantifiable metrics for Wall Street investors.

Recently, for example, Gary has helped banks and other regulated industries advance legislation to update the reporting thresholds required under the Bank Secrecy Act. Gary continues to be a leading voice on this issue which is gathering bipartisan momentum.

After leaving the Hill, Gary jumped right into the debate regarding financial services modernization, representing one of the country’s oldest and largest brokerage firms in their bid to expand consumer product offerings. Since that historic debate, Gary has worked for dozens of Wall Street hedge funds, analyzing federal legislative and regulatory policy and forecasting possible policy outcomes.

Gary’s work in the financial services industry also includes more narrowly focused projects, including one successful effort to head-off unnecessary regulation that would have stifled over-the-counter securities markets.