About WFM Regulatory Consulting

WFM Regulatory Consulting LLC, founded by William McCoy in 2025, specializes in assisting participants in the listed and over-the-counter derivatives markets, as well as the physical commodities market.

We support the planning and development of business models that comply with regulatory requirements. In addition, we offer expert witness testimony services.

WFM Regulatory Consulting LLC is a non-legal consulting firm and does not provide legal services. William McCoy's work on behalf of WFM Regulatory Consulting LLC does not involve the practice of law.

Biography

William McCoy is a highly regarded expert in the regulation of financial services, having worked full-time in the industry from 1984 to 2024. Specializing in regulations related to exchange-traded and over-the-counter derivatives, as well as physical commodities trading and banking services, he brings over 40 years of experience in these fields.

From 1993 through 2024, Bill was an attorney at Morgan Stanley, where he was Managing Director and Global Head of Commodities Legal Coverage from 2004 onwards. During three decades at Morgan Stanley, he advised the firm regarding its futures commission merchant business, as well as its fixed income, foreign exchange and commodities market making activities. His legal and regulatory coverage of commodities spanned exchange-traded and OTC financial and physical markets in precious and base metals, oil, natural gas, electricity and environmental products like compliance emissions, offsets, and voluntary carbon credits.

Before his tenure at Morgan Stanley, Bill held key legal positions at Metallgesellschaft Corp. (1991 – 1993), Manufacturers Hanover Trust Company (1986 – 1991), and the Enforcement & Compliance Division of The U.S. Office of the Comptroller of the Currency (1984 – 1986).

Bill has also been an active contributor to various industry associations, self-regulatory bodies and governmental advisory committees, including:

  • the Futures Industry Association (FIA), where he is a member of the Executive Committee of the Law & Compliance Division and previously served as the Division’s President (2002 –2004) and as a member of the FIA’s Board of Directors (2004 – 2005 and 2006 – 2007).

  • ISDA, SIFMA, EEI and the Taskforce on Scaling Voluntary Carbon Markets.

  • Several terms as a Director of the National Futures Association (NFA) (2007 – 2024), and a member of the NFA's FCM Advisory Committee (2005 – 2007).

  • Member of the U.S. Commodity Futures Trading Commission’s Energy and Environmental Markets Advisory Committee (2008 – 2025).

  • Member of the U.S. Treasury Department’s Bank Secrecy Act Advisory Group (2003 – 2007).

Bill holds a B.S. in Economics (1981) from the Wharton School of Business and Economics, The University of Pennsylvania and a J.D. (1984) from Fordham University School of Law.

Recent Event Appearances by Bill McCoy

  • FIA Law & Compliance Division Conference 2025 | Panelist | "Commodity Exchange Act Primer"

  • ISDA Houston Conference 2024 | Panelist | "Voluntary Carbon Markets: Regulatory Oversight and Enforcement"

  • FIA Law & Compliance Division Conference 2024 | Moderator | "A Busy Year for Carbon and Environmental Markets"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2024 | Panelist | "Special Issues Facing Commercial End Users"

  • FIA Law & Compliance Division Conference 2023 | Moderator | "Commodities/End User Issues"

  • ISDA ESG Forum 2023 | Panelist | "Supporting the Transition to a Green Economy"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2023 | Panelist | "Swap Dealers and Security Based Swap Dealers"

  • FIA Law & Compliance Division Conference 2022 | Moderator | "Global Carbon Markets"

  • FIA Law & Compliance Division Conference 2021 | Moderator | "Managing Climate Risk in the Global Financial Markets"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2021 | Panelist | "Managing Climate Risk and Other Unexpected Events"

  • FIA Law & Compliance Division Conference 2020 | Moderator | "Commodities ... Take it to the Limit ... One More Time!"

  • FIA Law & Compliance Division Conference 2019 | Moderator | "In the Enforcement Spotlight: Manipulation and Misappropriated Information"

  • FIA Law & Compliance Division Conference 2018 | Moderator | "Commercial End Users"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2018 | Panelist | "Competition Issues in the Commodities Markets"

  • PLI Fundamentals of Swaps & Other Derivatives 2017 | Panelist | "Swaps Basics: Overview of Commodity Derivatives"

  • FIA Law & Compliance Division Conference 2017 | Moderator | "Aggregation and Position Limits"

  • American Conference Institute 13th Energy Trading Compliance & Regulatory Enforcement 2016 | Panelist

  • FIA Law & Compliance Division Conference 2016 | Moderator and Panelist | "End User Issues: Do CFTC, FERC and Exchange Rules Affect You?"

  • PLI Fundamentals of Swaps & Other Derivatives 2015 | Panelist | "Swaps Basics: Overview of Commodity Derivatives"

  • FIA Law & Compliance Division Conference 2015 | Moderator | "Energy and other Commodities"

  • FIA Law & Compliance Division Conference 2014 | Moderator | "Redefining the Bank Holding Company through Regulation: From Volcker to Physical Commodities"

  • SIFMA-CL Compliance & Legal Society Annual Seminar 2014 | Panelist | "Commodities, Futures & Energy"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2014 | Panelist | "Speculative Position Limits"

  • Cadwalader, Wickersham & Taft LLP Energy and Commodity Conference 2013 | Panelist

  • FIA Law & Compliance Division Conference 2013 | Moderator | "Swaps, Futures, Options, Forwards, FX, Repos, Securities - What's the Difference?"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2013 | Panelist | "Entities/Intermediaries"

  • FIA Law & Compliance Division Conference 2012 | Moderator | "Aggregation, Implementation & Frustration: Position Limits and Other Developments in Commodities"

  • PLI Banking Law Institute 2011 | Panelist | "The Transformation Continues"

  • FIA Law & Compliance Division Conference 2011 | Moderator | "Position Limits and Hedge Exemptions"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2011 | Panelist | "Position Limits, Hedge & Other Exemptions, Large Trader Reporting"

  • McDermott, Will & Emery LLP 13th Annual Energy & Commodities Conference 2010 | Panelist

  • PLI Advanced Swaps & Other Derivatives 2010 | Panelist | Commodity Derivatives

  • FIA Law & Compliance Division Conference 2010 | Moderator | "Developments in the Regulation of OTC Derivatives and Swap Dealers"

  • McDermott, Will & Emery LLP Energy Conference 2009 | Panelist

  • FIA Law & Compliance Division Conference 2009 | Moderator | "Energy and Agriculture: Speculation, Manipulation and Regulation"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2009 | Panelist | "Current Issues & Trends in the Energy Markets"

  • PLI Advanced Swaps & Other Derivatives 2008 | Panelist | "Commodity Derivatives"

  • FIA Law & Compliance Division Conference 2008 | Moderator | "Soup to Nuts" and "Energy and Agriculture: What's Old is New Again"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2008 | Panelist | "OTC Issues"

  • PLI Advanced Swaps & Other Derivatives 2007 | Panelist | Commodity Derivatives

  • Morgan Stanley CLE Presentation 2007 | Speaker | "Futures Regulation and the Commodity Exchange Act"

  • FIA Law & Compliance Division Conference 2007 | Moderator | "Market Manipulation"

  • SIFMA - Compliance & Legal Division Annual Seminar 2006 | Moderator | "Commodities and Energy"

  • PLI Swaps & Other Derivatives 2006 | Panelist | Commodity Derivatives

  • FIA Law & Compliance Division Conference 2006 | Moderator | "What's New at the CFTC?"

  • ABA Derivatives and Futures Law Winter Committee Meeting 2006 | Panelist | "OTC Developments"

Contact

WFM Regulatory Consulting LLC

wfmccoy@wfmregulatoryconsulting.com

© 2025. All rights reserved.

IMPORTANT NOTICE: WFM Regulatory Consulting LLC is a non-legal consulting firm, not a law firm.

When William McCoy works on behalf of WFM Regulatory Consulting LLC, he does not practice law.