- 1 Chase Manhattan Plaza New York, NY 10005
Law School: Osgoode Hall Law School, Toronto (LL.B., 2002)
School: McGill University, Montreal (B.A., 1999)
State/Provincial Admissions: New York (2003)
Tawfiq S. Rangwala is special counsel in the New York office of Milbank, Tweed, Hadley & McCloy and a member of the firm’s Litigation & Arbitration Group. Mr. Rangwala also recently spent two years resident in Milbank’s London office.
Primary Focus & Experience
Mr. Rangwala’s practice focuses on U.S. and international regulatory and criminal enforcement matters, as well as corporate internal investigations across multiple jurisdictions. Most recently, he represented a large global bank in LIBOR-related investigations being conducted by more than a dozen civil and criminal authorities worldwide, including the U.S. Department of Justice, the CFTC, the U.K. Financial Conduct Authority, the U.K. Serious Fraud Office and authorities and central banks in several European and Asian countries.
Mr. Rangwala has represented institutions and individuals in a wide range of regulatory and criminal investigations and proceedings, including matters involving the origination and securitization of subprime mortgage loans, sales practices for auction-rate securities, insider trading, market timing and late trading of mutual funds, stock options backdating, best execution obligations of broker-dealers, directed brokerage and revenue sharing practices of investment advisers, promotion of tax shelters by accounting firms, kickback schemes in the securities lending industry and the defrauding of a set of high-net worth individuals by their former investment adviser.
Mr. Rangwala also regularly helps financial services firms and corporate clients comply with evolving regulatory obligations, both in the U.S. and internationally. This includes a number of engagements advising broker-dealers, investment advisers and banks on compliance with the securities laws and the rules and regulations of the SEC, the Financial Industry Regulatory Authority (FINRA) and other self-regulatory organizations. He is also frequently called upon to assist clients in the development of appropriate systems and controls to govern their business and trading activities.
In addition to regulatory matters, Mr. Rangwala has extensive experience handling federal and state court litigation of complex commercial cases involving securities and corporate law, contract disputes, mergers and acquisitions and financial restructuring. He has also advised clients and written about litigation arising from RMBS, CDOs and other structured products.