She is particularly well regarded for her extensive experience of providing counsel on SEC and DOJ investigations, as well as regulatory matters."
Elizabeth is reliable and responsive."
Liz co-chairs the firm's national financial services practice. With nearly two decades of federal government experience at the Commodity Futures Trading Commission and U.S. Department of Justice, Liz has the insights and perspective to effectively advocate on behalf of her clients before the CFTC, DOJ, Internal Revenue Service, Securities and Exchange Commission, National Futures Association, and exchanges such as CME and ICE.
Ranked Band 1 nationwide for derivatives enforcement by Chambers & Partners, Liz represents individuals and corporate entities in financial services examinations, regulatory investigations and litigation, and white-collar matters. Her wide-ranging clients include financial institutions, proprietary trading firms, agricultural and energy firms, futures commission merchants, fintech firms, digital asset exchanges, commodity pools, and commodity trading advisors. Liz's depth of government experience allows her to handle government investigations and litigation efficiently and resolve civil and criminal matters in a way that significantly reduces penalties sought by the government, while zealously advocating on behalf of her clients. She also works with companies to conduct cost-effective internal investigations and counsels on regulatory compliance.
At the CFTC, where she served as a chief trial attorney in the Division of Enforcement, Liz led civil regulatory enforcement investigations on wide-ranging matters including fraud and manipulation, disruptive trading practices, virtual currencies, credit default swap indices, undercapitalization, and swaps reporting. Before her nine-year tenure at the CFTC, she served as counsel to the deputy assistant attorney general for civil matters within the DOJ Tax Division and was a trial attorney in the Tax Division's civil trial section. As a trial attorney, Liz tried numerous bench and jury trials to judgment, representing the IRS in federal district and bankruptcy courts.
Liz is the former chair of McGonigle, P.C., where she was a founding member of the firm's Commodities, Futures & Derivatives practice group. Liz serves on the Executive Committee of the Futures Industry Association Law & Compliance Division and as the Law Firm Board Member of the Commodity Markets Council. She also co-chairs the Global Digital Asset Cryptocurrency Association's Compliance Community of Practice.
Liz defends global financial institutions, as well as investment advisers, brokers, traders, senior management, and compliance officials in connection with on-the-record testimony, depositions, informal interviews, hearings, and other appearances in proceedings before federal government agencies, self-regulatory organizations, and exchanges.
Varied financial products
Liz's practice covers a wide variety of assets and financial products, including agricultural and energy commodities, digital assets, swaps, forex, precious metals, and Treasuries.
Digital asset regulation
Liz provides regulatory advice to digital asset exchanges and trading platforms in connection with registration issues, CFTC rule enforcement reviews, token listings, and state money transmitter licenses.
Selected Enforcement and Litigation Experience
Other Selected Experience
Admitted to Practice
District of Columbia, 1999
J.D., Tulane University Law School, 1999
B.A., University of Pennsylvania, 1996
Memberships & Affiliations
- Asian Pacific American Bar Association of the Greater Washington D.C. Area
- Past Fellow, Leadership Council on Legal Diversity
- Women in Derivatives
- Past Diversity Committee Co-Chair, Women's Bar Association of Washington, D.C.
- Women's White Collar Defense Association
- Compliance Community of Practice Co-Chair, Global Digital Asset Cryptocurrency Association
- Law Firm Board Member, Commodity Markets Council
- Executive Committee Member, Law & Compliance Division, Futures Industry Association
- Member, Commodities & Derivatives Section, American Bar Association
- Named as one of "America's Leading Lawyers for Business" by Chambers USA in Derivatives: Enforcement, 2023; Received "Band 1" ranking in Derivatives: Enforcement, 2023
- DOJ Tax Division Outstanding Attorney Award (2004, 2006, 2007)
- Washington Business Journal's "Women Who Mean Business" (2021)
- Asian Pacific American Bar Association of the Greater Washington DC Area Pioneer Award (2021)