December 4, 2022

Volume XII, Number 338

Toby M. Galloway

Toby Galloway is Co-Chair of Winstead's Securities Litigation & Enforcement Practice Group. He also practices in the areas of white-collar defense, governmental & internal investigations, and business litigation. Before developing his private practice, he served as an attorney with the United States Securities and Exchange Commission, in roles of increasing responsibility, for more than 11 years.

During his last four years at the SEC, Toby was the chief trial counsel for the Commission’s Fort Worth Regional Office. In this capacity, he supervised all litigation for a four-station region. In addition, he handled his own caseload, prosecuting civil enforcement actions involving alleged violations of the federal securities laws. He also served as a Special Assistant United States Attorney for the Northern District of Texas, prosecuting white-collar crime.

Toby routinely practices before the SEC, CFTC, FINRA, DOJ, Texas State Securities Board, and other state securities regulators, as well as the PCAOB and other regulatory and law enforcement agencies. Toby represents public companies, audit committees and special committees, hedge funds, private equity funds, asset managers, broker-dealers, registered investment advisers, accountants and lawyers, and other institutions in government investigations, securities law enforcement and litigation. He also represents aggrieved investors, and handles complex business litigation and has experience in healthcare fraud.

Articles in the National Law Review database by Toby M. Galloway


The National Law Review selected Toby Galloway of Winstead as a Go-To Thought Leader for 2021 for his coverage of Securities Litigation and Enforcement. His experience as a former Securities and Exchange Commission (SEC) attorney informs his coverage of the agency’s enforcement actions in the financial sector, making his articles essential reads for those regulated by the SEC. Of particular note was Mr. Galloway’s coverage of alleged wash sales involving meme stocks, a topic of great interest during 2021.