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Experience

Jessica Magee, formerly a Senior Officer with the U.S. Securities and Exchange Commission and a financial services company general counsel, focuses her practice on SEC, DOJ, IRS, and other federal and state governmental investigations and enforcement actions, internal investigations, securities class actions, corporate governance, and complex commercial litigation involving partnership and company disputes. A seasoned trial attorney and investigator who led the SEC’s trial unit and Enforcement program in this region, Ms. Magee has significant experience with SEC investigations and litigation involving alleged accounting or disclosure fraud, offering fraud, insider trading, alleged wrongdoing in connection with ICOs and cryptocurrencies, failure to register, investment adviser and broker dealer duties and conduct, and more. She also has significant experience advising clients on matters of strategic planning, regulatory compliance, disclosure, risk mitigation, and matters involving corporate and shareholder rights, partnership disputes, director and officer disputes, and federal receiverships.

Representative Matters

  • Advise individuals and entities in active SEC, DOJ, IRS, DHS, and other governmental investigations and enforcement actions, including responding to voluntary requests and subpoenas for documents, providing interviews and sworn testimony, negotiating settled resolutions, and litigating claims
  • Advised the Audit Committee of a publicly traded oil and gas exploration and production company in an internal investigation involving claims of possible accounting irregularity and gender discrimination
  • Advised registrants and individuals in connection with current regulatory obligations and considerations arising from CARES Act Paycheck Protection Program lending and COVID-19 impacts
  • Advised the Audit Committee of a Nasdaq-traded consumer goods and financing company in an independent investigation
  • Successfully represented the former Chief Financial Officer of a Nasdaq-traded company in an SEC fraud and disclosure investigation in which no claims were asserted against the client
  • Successfully defended the Chief Financial Officer of a Nasdaq-listed company in a securities class action brought in the Northern District of Texas; dismissal obtained
  • Advised the Audit Committee of a large cap NYSE-traded aerospace company on internal investigation of accounting controls, policies, and practices
  • At the SEC, investigated, litigated, and supervised matters involving public company accounting, reporting, and disclosures; private and public issuer accounting and offering misconduct; insider trading; cryptocurrency and cybersecurity; and matters involving individuals, officers, directors, audit firms, broker-dealers, investment advisers, financial institutions, transfer agents, and private funds. Representative matters include:
    • Enforcement action based on fraudulent offering and disclosure violations by Nasdaq-traded life settlements company and certain of its executives
    • Two first-of-their-kind enforcement actions based on misconduct involving cryptocurrencies including the successful prosecution of the SEC’s first case involving Bitcoin, resulting in judgment against the operator of a Bitcoin-denominated Ponzi scheme, and the SEC’s first ever emergency appointment of a receiver over crypto-assets
    • Numerous emergency enforcement actions to halt ongoing offering frauds across a variety of industries
    • Enforcement action against a company and its executives for misleading disclosures about product production status and sales orders; negotiated deferred prosecution agreement with former company director
    • Enforcement actions against audit firms and audit professionals for violations relating to auditor independence, partner rotation, and failure to adhere to standards imposed by the Public Company Accounting Oversight Board (PCAOB)
    • Enforcement action against a public company and a third-party consultant based on deficient evaluation and maintenance of internal controls over financial reporting (ICFR)
    • Enforcement action against a real estate investment fund and executives for public reporting and disclosure violations
    • Enforcement action against a public company employee for insider trading based on misappropriation of information learned in the course of employment
    • Emergency enforcement action to halt fraudulent oil and gas offering involving the agency’s first action alleging violation of Rule 21F-17 based on defendant’s verbal threats to employees
    • Enforcement action against investment adviser and others for misappropriating millions from accounts managed for professional athletes
    • Administrative proceeding against investment adviser based on failure to adequately disclose actual and potential conflicts of interest
  • Other experience includes
    • As general counsel, led in-house legal and compliance department of a financial services company; advised the board and senior leadership on a wide array of legal, regulatory, and corporate governance issues; led the firm’s legal efforts through numerous strategic transactions
    • Representation of companies, their officers and directors, and others in government investigations and enforcement actions
    • Representation of court-appointed receivers
    • Representation of private equity fund of funds in multi-jurisdictional litigation and arbitration matters
    • Representation of leading oil and gas exploration and production company in a multi-million-dollar negligence and breach of contract action
    • Management, defense, and resolution of complex business, product liability, and tort litigation matters on behalf of a variety of clients

Prior Employment

  • General Counsel, The Beneficient Company Group, 2018-2019
  • United States Securities and Exchange Commission, Division of Enforcement, Fort Worth Regional Office, 2010-2018
  • Thompson & Knight LLP, 2002-2010

Honors & Affiliations

Distinctions/Honors

  • Chambers USA by Chambers and Partners (Litigation: White-Collar Crime & Government Investigations), 2021
  • Best Lawyers in Dallas (Securities Litigation & Enforcement), D Magazine, 2020-2021
  • Partnership for Public Services Excellence in Government Senior Fellow, 2016
  • Arthur F. Mathews Award, U.S. Securities and Exchange Commission, 2015
  • Ferdinand Pecora Award, U.S. Securities and Exchange Commission, 2014
  • Texas Rising Stars® by Thomson Reuters (Business Litigation), 2010

Memberships/Affiliations

  • Member, Dallas Bar Association

Education & Admissions

Education

  • J.D., 2002, cum laude, SMU Dedman School of Law; Managing Editor, Law and Business Review of the Americas
  • B.A., 1999, summa cum laude, Texas State University; Mitte Foundation Scholar

Admissions

  • Texas
  • U.S. Bankruptcy Court for the Northern District of Texas
  • U.S. District Court for the Eastern District of Texas
  • U.S. District Court for the Northern District of Texas
  • U.S. District Court for the Southern District of Texas
  • U.S. District Court for the Western District of Texas