Julian Hammar

Partner | Corporate

julian.hammar@pierferd.com
+1.571.867.8370 cell
+1.571.669.9644 office
New York | Washington, D.C.

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).

  • 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

  • Energy, Gas, and Oil Law

  • Environmental, Social & Governance (ESG)

  • FinTech and Blockchain

  • Private Investment Funds

  • Securities

  • White Collar Defense & Investigations

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).