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Daniel R. Hugunine

Partner Birmingham
(205) 226-8764
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Education
  • Tulane University Law School
    J.D., 2006, magna cum laude; Order of the Coif; Tulane Maritime Law Journal, managing editor; Moot Court Board, senior justice
  • Tulane University
    B.S.M., 2000, Accounting and Finance, magna cum laude
Bar Admissions
  • Alabama, 2006
About Dan
With experience handling hundreds of complex derivatives-related matters, Dan is familiar with the regulatory challenges faced by market participants engaging in swaps and other hedging activities.
Q&A
  • What types of clients do you represent?

    I frequently represent financial institutions, including banks, bank holding companies, broker-dealers, and investment advisers. Banks that I represent range in size from small and medium-sized community banks to large regional and U.S. commercial banks, and include both state and national banks.

  • What type of matters do you work on most often?
  • What previous experiences, prior to your work at Balch, influence your practice?
  • What do you find most exciting about your work?
MORE ABOUT Dan
  • Derivatives: Acted as counsel for large U.S. commercial bank in connection with the bank's implementation of the derivatives market reforms imposed under the Dodd-Frank Act. Our role included assessing the impact of the Dodd-Frank Act on the bank's current derivatives trading practices, updating trading documentation, and assisting in the establishment of clearing relationships. (2012-2013).
  • Broker-dealer consolidation: Acted as counsel for large, international banking organization with significant operations in the U.S., in connection with the planning and implementation of a complex transaction to consolidate the operations of a wholesale, institutional-client based broker-dealer and a retail-client-based broker-dealer. (2013).
  • Municipal advisor: Acts as counsel for large U.S. commercial bank on the impact of the SEC’s municipal advisor rule, including registration requirements, the impact of the municipal advisor rule on derivatives trading relationships, the scope of the rule’s advice and solicitation requirements, and the application of the various exemptions and exclusions from municipal advisor registration. (Ongoing).
  • Derivatives advisory group: Acted as counsel for commercial bank in the development of its derivatives advisory group, including the review and negotiation of various agreements for the purpose of establishing derivatives trading relationships, consultation regarding potential U.S. Commodity Futures Trading Commission (CFTC) and bank regulatory issues, and assessing registration requirements posed by proposed derivatives activities. (2014-2015). 
  • Dual employee arrangements: Acted as counsel for large U.S. commercial bank in connection with drafting the bank’s employee leasing and expense sharing arrangement with its broker-dealer affiliate. (2014-2015). 
  • Insurance producers: Acted as counsel to a large, national broker-dealer to address regulatory matters regarding state insurance producer licensing requirements applicable to insurance agencies engaging in the sale of variable insurance products. (2015).
  • Liquidity management: Acts as counsel to a large regional commercial bank in connection with the establishment of a service available to institutional customers to provide such customers with access to information regarding money market funds and the capability to enter money market fund trade requests online and manage their excess liquidity. (Ongoing).
  • Foreign exchange: Acted as counsel to a large U.S. commercial bank in connection with reviewing and updating the bank's foreign exchange and multi-currency account agreements for use with customers. (2014-2015).
  • Investment advisor spin-off: Acted as counsel for a large, international banking organization with significant operations in the U.S., in connection with the coordination and implementation of the transition of certain investment advisory clients of the international banking organization’s U.S. advisory affiliate to a newly formed investment advisory firm. (2013-2014). 
      Education
      • Tulane University Law School, J.D., 2006, magna cum laude; Order of the Coif; Tulane Maritime Law Journal, managing editor; Moot Court Board, senior justice
      • Tulane University, B.S.M., 2000, Accounting and Finance, magna cum laude
      Bar Admissions
      • Alabama, 2006
      Professional Affiliations
      • Alabama State Bar
      • Birmingham Bar Association
      • Public Affairs Research Council of Alabama (PARCA) Roundtable
      • Financial Markets Association