Neal E. Kumar

Partner

Washington
Willkie Farr & Gallagher LLP
1875 K Street, N.W.
Washington, DC 20006-1238
T 202 303 1143
F 202 303 2143
nkumarwillkie.com

Neal Kumar is a partner in the Corporate & Financial Services Department. Neal represents financial institutions, trading companies, end-users, trade associations, exchanges, clearing organizations, and hedge and private equity funds, in a variety of regulatory, enforcement, and transactional matters involving commodities, digital assets, and derivatives. Chambers USA (2020) recognized Neal in the area of Capital Markets: Derivatives (National). In addition, the Futures Industry Association awarded Neal the Rising Star Award as a person well-positioned to be a future leader in the industry.

Neal advises clients on the application of regulations promulgated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). He has extensive experience helping swap dealer, futures commission merchant, designated contract market, swap execution facility, derivatives clearing organization, and other clients engaged in commodity and derivatives trading comply with all aspects of CFTC and NFA regulation. He also advises clients on the CFTC and NFA regulation of FinTech and digital assets. Neal regularly represents clients in government investigations by the CFTC, NFA, and the exchanges. He is also a frequent speaker at derivatives industry conferences regarding regulatory and enforcement related issues. In addition, Neal is a member of the Executive Committee of the FIA Law & Compliance Committee, an active member of the D.C. Bar committee on Derivatives, Securitization & Project Finance, and an advocate for greater diversity in the financial services industry.


Neal Kumar is a partner in the Corporate & Financial Services Department. Neal represents financial institutions, trading companies, end-users, trade associations, exchanges, clearing organizations, and hedge and private equity funds, in a variety of regulatory, enforcement, and transactional matters involving commodities, digital assets, and derivatives. Chambers USA (2020) recognized Neal in the area of Capital Markets: Derivatives (National). In addition, the Futures Industry Association awarded Neal the Rising Star Award as a person well-positioned to be a future leader in the industry.

Neal advises clients on the application of regulations promulgated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). He has extensive experience helping swap dealer, futures commission merchant, designated contract market, swap execution facility, derivatives clearing organization, and other clients engaged in commodity and derivatives trading comply with all aspects of CFTC and NFA regulation. He also advises clients on the CFTC and NFA regulation of FinTech and digital assets. Neal regularly represents clients in government investigations by the CFTC, NFA, and the exchanges. He is also a frequent speaker at derivatives industry conferences regarding regulatory and enforcement related issues. In addition, Neal is a member of the Executive Committee of the FIA Law & Compliance Committee, an active member of the D.C. Bar committee on Derivatives, Securitization & Project Finance, and an advocate for greater diversity in the financial services industry.


Prior Experience

Prior to entering private practice, Neal served as Counsel to the Office of the General Counsel for the Commodity Futures Trading Commission (CFTC). While there, he had extensive involvement in the development of various rulemakings of the Dodd-Frank Act, including the joint definition of swap with the Securities and Exchange Commission (SEC), position limits, swap reporting, and new registration requirements. Neal also coordinated with the Enforcement Division on various CFTC enforcement matters.

Selected Publications and Lectures

  • “Regulatory Monitor: CFTC Update,” The Investment Lawyer (January 2021)

  • Opinion: Why Words Matter in CFTC Enforcement of Insider Trading,” Market Voice (May 2019)

  • “Non-Prosecution Agreements are the New Black: The Latest Trend Under the CFTC’s New Enforcement Regime,” Futures and Derivatives Law Report (October 2017)

Publications / News / Events

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