Felix Shipkevich

Mr. Shipkevich is a principal of Shipkevich PLLC. His practice concentrates on futures, commodities, and derivatives regulatory, transactional, and enforcement matters. Mr. Shipkevich has a strong legal background in corporate governance, compliance, regulatory, and collateral issues associated with these areas. He performs transactional work for Futures Commissions Merchants (FCMs), Retail Foreign Exchange Dealers (RFEDs), Introducing Brokers (IBs), Commodity Pool Operators (CPOs), Commodity Trading Advisors (CTAs), Swap Dealers (SDs), Swap Execution Facilities (SEFs), and domestic and offshore hedge funds. Mr. Shipkevich guides clients on procedures related to registration with the U.S. Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA), as well as domestic and international regulators in local jurisdictions. He has represented clients in China, Japan, Southeast Asia, Ireland, Europe, Bermuda and the Caribbean, South America, and he is recognized as a solicitor by the Law Society of England and Wales. Mr. Shipkevich prepares and assists with implementation of compliance procedures for clients in the commodities and derivatives fields. He prepares procedures for anti-money laundering (AML) policy, Electronic Transmitter Service (ETS) policy, Business Continuity and Disaster Recovery (BCDR) plans, and procedures for training staff on AML, ethics, and fraud detection. Mr. Shipkevich has defended hedge funds, traders, forex firms, broker-dealers, and investment advisors as clients against enforcement actions in federal and state courts. Prior to founding his private practice, Mr. Shipkevich was counsel of CMS Forex, a FCM and RFED, where he oversaw the firm’s offices located in New York, Bermuda, Saint Petersburg, Tokyo, and Shanghai. Prior to CMS Forex, he worked as a New York litigation attorney representing financial firms. Mr. Shipkevich also worked at AIG's Financial Institutions Group, where he supervised and managed litigation against the Securities Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) brokers. He acquired his earliest legal experience at such prestigious institutions as the division of enforcement at the SEC, New York Stock Exchange, and UBS and Bear Stearns. Mr. Shipkevich is frequently published in Compliance Reporter, e-Forex, and FX Week. Please click here to see his articles on a variety of regulatory topics. Mr. Shipkevich has spoken at derivatives and compliance events worldwide, including the U.S., China and the United Kingdom. He has also presented, with Bary Temkin of Mound Cotton Wollan & Greengrass, to the Futures and Derivatives Committee of the NYCLA. Please click here for a list of speaking engagements.  

Recent Publications

Felix Shipkevich answers Q&A in “Legal Insights: The Final CFTC Cross-border Guidance Rules Explained.”

In a Q&A, Felix Shipkevich of Shipkevich PLLC explains some of the main elements of the final cross-border rules including U.S. person definition, registration requirements, substitute compliance and timeframes.

Felix Shipkevich Quoted by FX Week About Rolling Spot in Retail FX Market

Felix Shipkevich was quoted by FX Week, about rolling spot contracts in the retail FX market and their definition under the Dodd-Frank Act. This piece – titled “Rolling spot is a swap in retail market, says CFTC’s Chilton”– can be found here.

Felix Shipkevich Interviewed by FX Week About Rolling Spot Inclusion

Felix Shipkevich was interviewed by FX Week, about the foreign exchange spot market and its inclusion in Dodd-Frank. The piece — titled “Rolling Spot Faces Inclusion in Dodd-Frank” — can be found here.

Felix Shipkevich Interviewed by Forex Magnates about Swap Dealers

Felix Shipkevich was interviewed by Forex Magnates, about new registration status of FCMs as swap dealers with the NFA. The piece — titled “GAIN Capital & FXCM — New Swap Dealers in Town” — can be found here.

Felix Shipkevich Interviewed in Article about French Banks and the CFTC

On November 9, Felix Shipkevich was interviewed by Reuters in an article titled “French Banks Struggle with Swaps Conflicts.” Mr. Shipkevich was asked to speculate on whether the CFTC would penalize foreign banks with enforcement actions. Read the article here.


Felix Shipkevich to Present at FX Invest Europe Conference in Zurich

Felix Shipkevich will attend the FX Invest Conference, hosted by FX Week, in Zurich Switzerland this week. Mr. Shipkevich will present a “Regulatory Roundup” featuring a discussion of the prevailing FX regulatory regime.