David S. Karp
Senior Counsel, U.S. Securities & Exchange Commission, Division of Enforcement, Adjunct Professor of Law
J.D., New York University; B.A., Columbia
For the past five years, Professor Karp has investigated a broad range of domestic and international violations of the federal securities laws as senior counsel...Continue Reading
For the past five years, Professor Karp has investigated a broad range of domestic and international violations of the federal securities laws as senior counsel in the Enforcement Division of the U.S. Securities and Exchange Commission (the "SEC") in Washington, D.C.
Professor Karp's significant matters at the SEC include:
- In the Matter of Credit Suisse Group AG, Exchange Act Release No. 71,593 (Feb. 21, 2014): Settled administrative and cease-and-desist proceeding against multinational banking conglomerate for violations of the broker-dealer and investment adviser registration provisions of the federal securities laws. Terms of settlement included factual admissions and payment of $196 million in disgorgement, prejudgment interest and civil penalties.
- In the Matter of James V. Poti, CPA, Exchange Act Release No. 71,117 (Dec. 18, 2013): Settled administrative proceeding against engagement partner for violations of the Public Company Accounting Oversight Board's auditing standards.
- SEC v. Woodard, et al., No. 13-civ-16 (E.D. Va.): Civil enforcement action against former CEO, CFO and executive vice president of a now-failed large regional bank for securities fraud concerning the bank's loan losses and related disclosures.
- SEC v. Syron, et al., No. 11-civ-9201 (S.D.N.Y.): Civil enforcement action against Freddie Mac's former senior executives for securities fraud concerning the company's exposure to subprime loans.
Before joining the SEC, Professor Karp worked for the international law firm of Debevoise & Plimpton LLP and the white collar criminal defense boutique of Lankler Siffert & Wohl LLP. His significant matters at those two firms included:
- Serving as lead associate on an internal investigation of a major subsidiary of Siemens AG for violations of the U.S. Foreign Corrupt Practices Act and other antibribery laws.Professor Karp investigated bribery allegations in locations around the word, including multiple countries within the European Union, China, Mexico, and the Russian Federation.
- Representing certain detainees at the Guantanamo Naval Base detention camp in habeas corpus proceedings pending in federal district court.
- Serving as trial counsel in United States v. Dayan, No. 03 cr. 1471 (S.D.N.Y.), a criminal case charging a wholesale diamond dealer operating in New York City's Diamond District with conspiracy and bank fraud through a multimillion dollar check kiting scheme.
Professor Karp began his career as a law clerk to the Honorable Jan E. DuBois, U.S. District Court, Eastern District of Pennsylvania.