iOS app Android app

Sheila Tendy
GET UPDATES FROM Sheila Tendy
 
Sheila Tendy is a lawyer in private practice in New York City who advises corporations, not for profits and financial institutions as outside general counsel. Ms. Tendy’s background in bank regulatory and corporate compliance, operational risk, independent investigations and anti-money laundering has allowed her to navigate clients through troubled waters to rebuild credibility and become operationally sound. She is a former counsel to the Department of Financial Services (formerly the New York State Banking Department), as well as a former prosecutor with the Manhattan District Attorney’s Office.

Ms. Tendy worked with an international investigative consulting firm, where she headed its Banking and Financial Services Group. As a licensed stockbroker, Ms. Tendy worked with global financial institutions on Wall Street. Most recently, she was responsible for the Global Financial Services Sector Sales effort at Deutsche Bank.

The Tendy Law Office offers advice on subjects including interacting with regulators and financial institutions during investigations, operational risk programs, ant-money laundering and best practices programs for corporations, not for profit organizations and financial institutions.

Entries by Sheila Tendy

Making the Right Call: When Protecting Kids Is Good Business and Good Law

(10) Comments | Posted December 1, 2011 | 4:35 PM

This post was co-authored by Katherine Daniels and Noreen Travers

The Penn State sexual abuse scandal provides an important opportunity to look at the assumption of risk entities take on when they work with kids yet fail to have strong child protection policies in place. When the law is weak,...

Read Post

Elizabeth Warren's Ultra Hip Rap Video Puts the Edge Into Regulating Consumer Financial Services

(7) Comments | Posted August 22, 2010 | 12:51 PM

http://wonkette.com/417573/elizabeth-warren-macarena-puts-the-cool-back-in-regulating-consumer-financial-services-in-compliance-with-federal-law

Read Post

Love on the Other Side of The Street - Can Hope Conquer Wall Street's Woes?

(4) Comments | Posted July 25, 2010 | 1:06 PM

The world is in the midst of an intense struggle for survival - Good versus Evil, Dark versus Light. We feel the grit of our times. So much of our focus has been on bank bailouts, regulatory reform and massive fraud. Bernie Madoff will live out his days in prison,...

Read Post

Finding a Home for Toxic Assets: Where is the Final Resting Place?

(85) Comments | Posted April 8, 2009 | 12:16 PM

There is a thinly veiled conundrum surrounding the new Public-Private Partnership Investment Program (PIPP) created by Treasury to help get toxic mortgage assets off the books of banks. Who will be the ultimate owners?

We've heard the bellows of those you know best, "Sell 'em! Get 'em off the...

Read Post

Dangling from the AIG Noose - Our Slow and Painful Strangulation

(38) Comments | Posted March 17, 2009 | 3:56 PM

As Americans are shaking their fists in the air over the payout of AIG bonuses, the Obama Administration took the nauseating position that it was unable to prevent the payment of bonuses and is unwilling to assume the legal risk of taking the money back. Wall Street plays hard ball...

Read Post

No You Can't -- Why Wall Street Management Refused to Question Good Results

(11) Comments | Posted January 4, 2009 | 9:40 AM

Satan's little helpers are alive and well. Their names are Greed and Avarice and their sins have proven deadly. Every financial institution sucked into the vortex of the economic crisis walked precisely the same road - they put unchecked and unadulterated greed ahead the interests of depositors, shareholders and the...

Read Post

Fed Stonewalls Bloomberg News on Info Request -- Necessary Confidentiality or Cloak of Secrecy?

(13) Comments | Posted November 11, 2008 | 11:21 PM

On November 7th, Bloomberg News filed a federal lawsuit claiming that the Federal Reserve Bank has refused to identify the banks that received almost $2 trillion in emergency loans as well as the assets it accepts as collateral. With virtually no oversight, the Fed is quietly lending far more than...

Read Post

Hunting Good Will -- Ripple of Hope or Chaos Theory?

(1) Comments | Posted October 24, 2008 | 10:31 AM

The Lawyer's Foreclosure Intervention Network (LFIN), the brainchild of the Federal Reserve Bank of New York and sponsored jointly with the New York City Bar Justice Center, is a volunteer program for attorneys to represent the most desperate homeowners facing foreclosure.

Along with the hundreds of lawyers who have volunteered...

Read Post

Post Traumatic Bailout Disorder - A Pill Too Bitter To Swallow

(15) Comments | Posted October 6, 2008 | 1:48 PM

I watched the countdown to the Bailout vote last Friday, as I stood in a pizza joint. When it became clear it would pass, I actually had tears in my eyes. While I saw our economic future fade into oblivion, no one in the pizza place seemed to notice what...

Read Post

To Congress: Please Read Before Bailing Out!

(18) Comments | Posted September 27, 2008 | 7:04 PM

One of the commenters on my recent blog asked me to submit the bailout proposal I had described to "EVERY SENATOR AND CONGRESSMAN politely requesting that the showmanship, red herring concessions and false outrage end."

Morpheus008 has a fair point. Since the stress level is running high for...

Read Post

Your Name is John McCain NOT David Blaine

(5) Comments | Posted September 25, 2008 | 10:46 AM

Was it any accident that David Blaine was hanging upside down with the blood rushing to his head in a life threatening "death dive" when John McCain decided to "suspend" his campaign? My guess is McCain was watching the news about David Blaine's latest stunt and decided to try his...

Read Post

Who Watches the Watchers?

(0) Comments | Posted September 22, 2008 | 1:39 PM

Questions every American should ask about the economic free-fall of our nation


While the Federal Reserve pumps billions of dollars into ailing financial institutions with the hope of rescuing the economy, Wall Street is engaged in a wave of dumping stocks causing global markets to falter and sending...

Read Post

The Plot Thickens -- Details You Need To Know About The Bailout

(23) Comments | Posted September 21, 2008 | 7:06 PM

The Bailout Plan for our economy must completely and transparently address the ramifications of the overall exposure to credit default swaps in the global marketplace. The global market for credit default swaps is estimated at more than $60 trillion -- twice the size of the U.S. stock market and far...

Read Post

Conflicted Out - Fannie and Freddie Should Serve Just One Master

(7) Comments | Posted August 16, 2008 | 10:02 AM

Why are Fannie Mae and Freddie Mac, both government-sponsored and backed by taxpayer dollars, still publicly traded? The national discussion of the mortgage mess must consider the inherent conflict that exists when Fannie and Freddie serve two masters -- its shareholders and the American people.

Owning stock in Fannie...

Read Post

My Lesson Learned: Simple Tips To Prevent You from Losing Your Shirt

(2) Comments | Posted July 17, 2008 | 2:33 PM

A flood almost took from me the first house I ever owned. It was in Boston -- no, not New Orleans -- and I saved it with the help of guidance from the federal government and a timely SBA loan to a beleaguered, unlikely landlord.

Almost twenty years ago,...

Read Post