David Bayless is a partner in the firm's San Francisco office. He is co-chair of Covington’s Securities & Commercial Litigation practice group as well as co-chair of its Securities Enforcement practice group. He is an experienced trial lawyer having litigated to verdict cases in federal, state and administrative forums.
Mr. Bayless represents public companies, their directors and senior management in SEC enforcement actions, internal investigations, and private securities class actions. He has extensive experience in investigations and litigation involving financial reporting and accounting fraud, the Foreign Corrupt Practices Act, whistleblower complaints, mortgage-backed securities and insider trading. He also represents broker-dealers, investment advisers, mutual funds and their employees in investigations by the SEC and FINRA. Finally, he represents issuers, underwriters and public officials in SEC municipal securities investigations.
For five years, Mr. Bayless was the head of the Securities and Exchange Commission’s San Francisco office, during which time he was responsible for all SEC enforcement and examinations within that office’s multi-state jurisdiction.