Julian Hammar
Partner | Corporate
julian.hammar@pierferd.com
+1.571.867.8370 cell
+1.571.669.9644 office
New York | Washington, D.C.
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About
Julian Hammar focuses his practice on futures, derivatives and commodities, energy regulatory, blockchain and securities matters. Mr. Hammar is a leading expert on the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
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Prior to Pierson Ferdinand, Mr. Hammar was Associate General Counsel at Nodal Exchange. Before that, he was a Partner at FisherBroyles, LLP and served as of counsel at Morrison & Foerster and special counsel at Covington, where he counselled a wide range of clients on compliance with Dodd-Frank derivatives regulatory requirements. Before his experience in big law, Mr Hammar was an assistant general counsel at the Commodity Futures Trading Commission (CFTC), Office of the General Counsel, where he drafted regulations to further define key terms including “swap,” “security-based swap” and “security-based swap agreement,” under the Dodd-Frank Act. In addition, he assisted with drafting other Dodd-Frank Act regulations, including the entity definitions (rules to further define such terms as “swap dealer,” “major swap participant” and “eligible contract participant”), commodity options and the Volcker Rule. He was also a member of the CFTC’s legislative drafting team that drafted the derivatives title of the Obama Administration’s legislative proposal for derivatives regulation that eventually was enacted into law as Title VII of the Dodd-Frank Act.
Mr. Hammar’s other CFTC experience includes complex matters involving the intersection of securities and futures regulation, including the drafting of CFTC exemptive orders with respect to products on certain exchange-traded funds and joint CFTC/SEC orders excluding certain indexes from the definition of “narrow based security index” and modifying listing standard requirements for security futures products. He also drafted CFTC adjudicatory opinions in administrative enforcement and reparations cases under the Commodity Exchange Act.
Mr. Hammar also has bankruptcy experience obtained while at the CFTC, which involved futures commission merchant bankruptcies.
He received his B.A. from Yale University in 1990 and his J.D. and M.A. in 1996 from Duke University School of Law, where he was an editor of the Alaska Law Review. Mr. Hammar is recommended by Legal 500 US 2019 for Structured Finance. He is also a Member of the Board of Editors of Futures & Derivatives Law Report.
Practices
Banking and Financial Services
Commodities, Futures & Derivatives
Energy, Gas, and Oil Law
Environmental, Social & Governance (ESG)
FinTech and Blockchain
Private Investment Funds
Securities
White Collar Defense & Investigations
Emerging Companies and Venture Capital
Admissions
New York
District of Columbia
Education
Duke University School of Law, J.D., 1996
Duke University, M.A., 1996
Yale University, B.A., 1990
Corporate Experience
Nodal Exchange, Associate General Counsel
Commodity Futures Trading Commission, Assistant General Counsel
Law Firm Experience
FisherBroyles, LLP
Morrison & Foerster LLP
Covington LLP
Presentations and Teaching Experience
Derivatives Update: Recent Developments in the United States and EU, IFLR Webinar, 02/28/2018
Webinar: Commodity Exchange Act Basics for Lawyers, PLI Webinar, 10/10/2017
Webinar: Confusion or Clarity? Cross-Border Regulation of Derivatives, IFLR Webinar, 02/22/2017
Webinar, Cross-Border Derivatives Update, 01/12/2017
Teleconference, Canadian Derivatives and Financial Services Regulatory Developments, 11/10/2016
Seminar: Derivatives Regulation Update: Latest U.S. Developments, 10/18/2016
Index Regulation and Outsourcing Index Administration, Morrison & Foerster and Markit Master Class, 07/28/2016
Seminar: Energy Trading Compliance & Regulatory Enforcement, American Conference Institute’s 13th National Forum, 05/24/2016-05/25/2016
Speaker, FIA Law & Compliance 2016 Conference, 38th Annual FIA Law & Compliance Conference on the Regulation of Futures, Derivatives and OTC Products (L&C 2016), 05/04/2016-05/06/2016
Commodity Exchange Act Basics for Lawyers, New York City Bar, 04/27/2016
Cross-Border and Recent Developments in Derivatives, IFLR Webinar, 04/19/2016
Webinar – Derivatives Regulation Update: Latest Developments and What to Expect in 2016, 01/14/2016
Teleconference – Derivatives: Latest U.S. Regulatory Developments, 11/19/2015
The Status of the New Proposed Rule on Position Limits and Additional Recent Concerns Relating to Position Limits, American Conference Institute’s 12th National Forum on Energy Trading, Compliance & Regulatory Enforcement, 11/16/2015
Webinar: Financial Services Regulatory and Enforcement Current Issues, 11/06/2015
Seminar, U.S. Regulatory Developments Affecting Canadian Banks, 09/22/2015
Margin Rules for Uncleared Swaps: What You Need to Know in 2015, West LegalEdcenter Webinar, 07/30/2015
Speaker, Swaps & Derivatives Global Markets Regulation, American Conference Institute, 06/29/2015 – 06/30/2015
Derivatives and Cross Border Issues, IFLR Webinar, 06/17/2015
Webinar: Fragmentation or Integration? An Overview of EU and U.S. Financial Regulation Relating to Derivatives and Structured Products, 05/14/2015
Teleconference, U.S. Legal Considerations for Canadian Banks, 04/28/2015
Seminar: Uncleared Swaps Margin Proposed Rules, 04/23/2015
Treatment of Commercial End-Users of Swaps, PLI Webinar, 04/07/2015
Derivatives Regulatory Update: Have Regulators Reduced Risk to the U.S. Financial System?, GARP Webinar, 03/31/2015
Morrison & Foerster 5th Annual Financial Services and Regulatory Conference, 03/18/2015
Derivatives Regulatory Update, PLI Webinar, 03/04/2015
Margin Rules for Uncleared Swaps: What You Need to Know in 2015, The Knowledge Group Webinar, 01/29/2015
Webinar: SEC Adopts Final Rules for Cross-Border Security-Based Swap Dealers and Major Security-Based Swap Participants, West LegalEdcenter, 09/03/2014
Derivatives Regulatory Update, ALI CLE Webcast, 08/12/2014
Speaker, American Gas Association Legal Forum, 07/14/2014
Speaker, ACI’s 9th National Forum on Energy Trading Compliance & Regulatory Enforcement, 06/05/2014 – 06/06/2014
CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) Advisory for Non-US Swap Dealers, The Knowledge Group 05/13/2014
Speaker, FIA: Law & Compliance Conference on the Regulation of Futures, Derivatives, and OTC Products, 04/07/2014 – 04/09/2014
Speaker, American Conference Institute: Reform and Regulation of Derivative Transactions, 01/14/2014 – 01/15/2014
Speaker, 8th Annual ACI’s Energy Trading Compliance & Regulatory Enforcement Conference, 11/21/2013 – 11/22/2013
Publications
“SEC Adopts Recordkeeping and Reporting Rules for Security-Based Swaps,” The Review of Securities and Commodities Regulation, Vol. 53, No. 2 (Jan. 29, 2020).
Ninth Circuit Allows CFTC’s Enforcement Action Against Monex to Move Forward, Futures and Derivatives Law Report, Vol. 39, issue 8 (September 2019).
Self-Regulatory Organizations and the Constitutional Privilege Against Self-Incrimination, Futures and Derivatives Law Report, Volume 39, Issue 4 (April 2019).
CFTC Amends Chief Compliance Officer Duties and Annual Report Requirements, Journal of Investment Compliance, Vol. 20 (March 2019).
Understanding the CFTC’s Proposed Interpretation of “Actual Delivery” for Cryptocurrency Retail Commodity Transactions, Crowdfund Insider (February 2018).
Qualified Financial Contracts – All In Order, International Financial Law Review (November 2017).
The SEC’s Long-Awaited Security-Based Swaps Rules May Be Approaching, The Review of Securities & Commodities Regulation Vol. 50 No. 7 (April 2017).
Setting the Scene, International Financial Law Review (September 2016).
The Federal Reserve’s Proposed Rules for Financial Contracts of Global Systemically Important Banking Organizations and ISDA’s Resolution Stay Jurisdictional Modular Protocol, Futures and Derivatives Law Report, Volume 36, Issue 8 (September 2016).
Impact of the Volcker Rule on Derivatives Markets, The Review of Banking & Financial Services, Vol. 31, No. 11 (November 2015).
CFTC and SEC Issue Final Interpretation Regarding Forward Contracts with Embedded Volumetric Optionality, The Journal on the Law of Investment & Risk Management Products, Volume 35, Issue 7 (August 2015).
Margin for Uncleared Swaps: A Critical Look at the CFTC’s and Prudential Regulators’ Proposals, Derivatives: Financial Products Report, Thomson Reuters/Tax & Accounting (March 2015).