Patrick M. Dennis has been involved in the securities industry for over 30 years, and is one of the Founding Principals of Oyster Consulting. Patrick not only acts as Oyster’s Legal Counsel, but is also responsible for client and employee engagement, as well as regulatory relations.
Patrick’s career has included extensive work as an attorney with the Securities and Exchange Commission in both the Division of Corporation Finance and the Division of Enforcement, where he handled a variety of cases including complex financial fraud, insider trading, broker-dealer and investment advisory issues and revenue recognition. Patrick also served as General Counsel and Corporate Secretary for Banc One Securities Corporation (Bank One Corporation’s bank brokerage firm), and was a member of the firm’s senior management team.
Prior to founding Oyster Consulting, Patrick was a Senior Vice President and Assistant General Counsel to Wachovia Securities, LLC, where he was in charge of all litigation and regulatory matters affecting the retail brokerage firm. He managed securities litigation and arbitration matters for several years until he moved into a Senior Regulatory Counsel position. In this capacity, he handled a number of high profile regulatory matters for the firm including mutual fund breakpoints, mutual fund market timing, inactive fee based accounts and closed end funds. Patrick also served as Senior Regulatory Counsel to Wachovia’s Investment Advisory line of business.
Education, Accolades and Affiliations
Patrick is a FINRA Industry Arbitrator, a member of the Securities Industry and Financial Markets Association (SIFMA) Compliance & Legal Division and the Association of Securities and Exchange Commission Alumni. He is a frequent speaker at industry conferences.
Patrick obtained a Bachelor of Science degree from Rochester Institute of Technology in Rochester, New York and his Juris Doctorate from the University of Wisconsin Law School. He is a member of the bars of the District of Columbia, North Carolina, Virginia (Corporate Counsel) and Wisconsin (inactive). Patrick holds FINRA Series 7, 24 and 66 registrations. (Registrations are typically inactive, but may be used when appropriate to perform interim functions for our clients) On an interim basis, Patrick provides CCO services for Registered Investment Advisers and Broker/Dealers.