Terence M. Grugan

Terence also represents financial institutions clients in matters implicating their practice under the Bank Secrecy Act (BSA) and related Anti-Money Laundering (AML) laws, including compliance program advice, internal investigations, regulatory examinations, and related civil litigation. Terence has represented national banks in civil litigation relating to account holders engaged in Ponzi, securities fraud and consumer fraud schemes. He has also conducted due diligence on entities’ compliance with applicable BSA and AML laws.

Terence also maintains an extensive securities enforcement and corporate governance litigation practice, representing institutional clients in complex contract disputes, shareholders disputes, internal corporate governance disputes, and professional liability matters in state and federal courts. He has also represented institutional clients in actions arising under the securities laws and involving fraud and breaches of fiduciary duties in arbitrations before FINRA and JAMS arbitration panels.

Prior to joining Ballard Spahr, Terence worked as a Special Investigator with the Philadelphia Office of the Inspector General. As a Special Investigator, he conducted criminal and administrative investigations into fraud and corruption in Philadelphia city government, including investigations into prescription drug fraud involving city health clinics, abuses in city property dispositions, government benefit fraud, and government contracting fraud.