Emmet P. Ong

Emmet P. Ong
  1. People /

Emmet P. Ong

Emmet P. Ong

Partner

Emmet P. Ong
  1. People /

Emmet P. Ong

Emmet P. Ong

Partner

Emmet P. Ong

Partner

San Francisco/New York

T: +1 415 675 3459

T: +1 212 541 2000

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Biography

Emmet is an accomplished trial attorney with significant experience litigating securities, shareholder, and other complex, high-stakes disputes in federal and state court proceedings and arbitrations around the country. Emmet also has extensive experience handling DOJ, FINRA, and SEC investigations and enforcement matters.

Before joining the firm, Emmet served as an Assistant United States Attorney in the Civil Division for the Northern District of California. In that role, Emmet acted as lead counsel for the United States and its agencies in nearly 100 civil actions and investigations including overseeing numerous healthcare, procurement, and COVID-19 relief fraud investigations under the False Claims Act. Emmet also defended the government in dozens of cases involving civil and constitutional rights, complex medical malpractice and other tort claims, and the judicial review of administrative actions. Emmet successfully briefed and argued matters before the Ninth Circuit and conducted multiple bench trials, including the first-ever trial under Section 21 of the Toxic Substances Control Act. He and the rest of the trial team were recognized by DOJ for their outstanding work on that matter with an Assistant Attorney General Award for Excellence. Emmet’s leadership extended to serving as the office’s Civil Health Care Fraud Coordinator and Acting Deputy Chief of the Affirmative Civil Enforcement unit.

As Principal Counsel in the Department of Enforcement at FINRA, Emmet played a critical role in ensuring market integrity. Emmet led investigations into potential violations of federal securities laws and FINRA rules by broker-dealers and their associated persons, where he handled every aspect of the enforcement process, ranging from key witness interviews and case development to negotiating high-stakes settlements.

Prior to becoming an AUSA, Emmet worked as an associate in the New York office of a well-known international firm where he advised prominent, multinational companies in high-stakes, complex matters, including SEC, DOJ and other investigations; civil actions pending in federal and state courts nationwide; FINRA and AAA arbitrations; administrative law proceedings; and breaches of fiduciary duty arising out of mergers, acquisitions, and other transactions.

Prior to law school, Emmet was an investment banker at a bulge bracket bank, where he advised multinational businesses on public and private capital sourcing transactions as well as mergers and acquisitions.

Civic Involvement & Honors

  • Assistant Attorney General’s Award for Excellence, U.S. Department of Justice’s Environmental and Natural Resources Division, 2024

Emerging Themes 2025

Emerging Themes 2025

Creating Connections

2025 marks the 15th edition of Emerging Themes in Financial Regulation & Disputes. This year, our overarching theme is Creating Connections, examining three main pillars: Technology, Transparency, and Trust.

Admissions

  • California, 2021
  • New York, 2008

Education

  • Columbia University, J.D., 2007
  • University of Michigan, BBA, 1997

Related Practice Areas

  • Business & Commercial Disputes

  • Intellectual Property and Technology Disputes

  • Litigation & Dispute Resolution

  • Regulation, Compliance & Advisory

  • Class Actions & Mass Torts

  • Appellate

  • White Collar

  • Broker-Dealer and Investment Advisor Regulatory Enforcement, Disputes and Investigations

  • Healthcare & Life Sciences

  • False Claims Act

  • Investigations

  • Financial Institutions

Related Insights

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Feb 03, 2025

Executive Order Seeks to Impose False Claims Act Liability on Government Contractor and Grantee DEI Programs

On January 21, 2025, the Trump Administration issued an executive order entitled “Ending Illegal Discrimination and Restoring Merit Based Opportunity” (“EO”). The stated purpose of the EO is to direct the federal government to enforce the civil rights laws by taking action against “illegal” preferences and discrimination, including measures taking aim at private sector diversity, equity, and inclusion (“DEI”) policies and programs. As we highlighted, the EO has significant implications for federal contractor affirmative action obligations and serves as a strong signal of the Trump administration’s increased scrutiny toward private sector DEI programs. Importantly, the EO also seeks to impose False Claims Act liability on federal contractors and grant recipients who maintain DEI programs that run afoul of federal civil rights law.
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Dec 06, 2024

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On December 4, 2024, the Commodity Futures Trading Commission (“CFTC”) released its enforcement results for Fiscal Year 2024 (“FY 2024”), showcasing record awards of monetary relief totaling more than $17.2 billion.The historic awards reflect the agency’s continued pursuit of misconduct charged in enforcement actions filed in FY 2023 in the digital asset space along with enforcement actions against traditional financial services firms and commodity trading houses. The CFTC’s FY 2024 robust enforcement efforts featured a focus on intermediaries, emphasizing the importance of proper registration and compliance by entities facilitating derivative transactions. Enforcement against repeat offenders intensified, reflecting a strategy of escalating penalties to deter recidivism and safeguard market integrity. Additionally, the agency expanded its attention to environmental fraud, bringing its first enforcement cases involving fraud in the voluntary carbon markets.
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Nov 29, 2024

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In this article, attorneys from BCLP’s Financial Services Disputes and Investigations (FSDI) team predict the next Administration’s SEC Enforcement priorities. The FSDI team includes former SEC, FINRA, and CFTC enforcement attorneys and former federal prosecutors. The team advises clients on SEC and FINRA enforcement, and other securities litigation, matters. How will President-elect Trump’s reelection impact the SEC’s enforcement priorities? We looked for clues from the first Trump Administration’s Enforcement program, and also from the agency’s current Republican Commissioners. In the new Administration, we expect the SEC (1) to emphasize protecting retail investors, (2) to refocus crypto enforcement actions on fraudsters, and (3) to take a more conservative approach to corporate disclosure and cybersecurity cases.

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Feb 03, 2025
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On January 21, 2025, the Trump Administration issued an executive order entitled “Ending Illegal Discrimination and Restoring Merit Based Opportunity” (“EO”). The stated purpose of the EO is to direct the federal government to enforce the civil rights laws by taking action against “illegal” preferences and discrimination, including measures taking aim at private sector diversity, equity, and inclusion (“DEI”) policies and programs. As we highlighted, the EO has significant implications for federal contractor affirmative action obligations and serves as a strong signal of the Trump administration’s increased scrutiny toward private sector DEI programs. Importantly, the EO also seeks to impose False Claims Act liability on federal contractors and grant recipients who maintain DEI programs that run afoul of federal civil rights law.
Blog Post
Jan 30, 2025
FINRA Under Trump 2.0: Days of Future Past?
Blog Post
Jan 22, 2025
What Government Contractors Can Expect During the Second Trump Administration
The Trump Administration will most likely move quickly to align the federal government’s priorities with the President’s own.  While the Administration has not detailed all of its plans for government contracting/procurement, government contractors will benefit from examining both actions taken by President Trump during his first administration and statements made by the President during the campaign and transition.  Government contractors will potentially see changes made to Federal Acquisition Regulations (“FAR”), executive orders directed towards government contracting, Buy American Act/Trade Agreement Act Enforcement, and changes in spending priorities.
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Dec 06, 2024
2024 CFTC Enforcement: Agency Celebrates Record Monetary Relief
On December 4, 2024, the Commodity Futures Trading Commission (“CFTC”) released its enforcement results for Fiscal Year 2024 (“FY 2024”), showcasing record awards of monetary relief totaling more than $17.2 billion.The historic awards reflect the agency’s continued pursuit of misconduct charged in enforcement actions filed in FY 2023 in the digital asset space along with enforcement actions against traditional financial services firms and commodity trading houses. The CFTC’s FY 2024 robust enforcement efforts featured a focus on intermediaries, emphasizing the importance of proper registration and compliance by entities facilitating derivative transactions. Enforcement against repeat offenders intensified, reflecting a strategy of escalating penalties to deter recidivism and safeguard market integrity. Additionally, the agency expanded its attention to environmental fraud, bringing its first enforcement cases involving fraud in the voluntary carbon markets.
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Awards
Nov 07, 2024
Former Assistant U.S. Attorney Joins BCLP’s Litigation & Investigations Practice