Arnold & Porter has strengthened its financial services practice with the hiring of Erik Walsh, a former associate at the firm, as a counsel based in New York. Walsh practiced law at Arnold & Porter for more than seven years before taking an in-house position at the Federal Reserve Bank of New York in June 2012, where his role included overseeing investigations of suspected illegal market manipulation, money-laundering, violations of Office of Foreign Assets Control rules and other types of malfeasance. For insights from other Arnold & Porter attorneys, see our three-part series on fee and expense allocation practices: “Practices Fund Managers Should Avoid” (Aug. 25, 2016); “Flawed Disclosures to Avoid” (Sep. 8, 2016); and “Preventing and Remedying Improper Allocations” (Sep. 15, 2016).