Daniel M. Deaton

Daniel Deaton has a public finance practice in which he serves as bond counsel, disclosure counsel and underwriter’s counsel.

What do you focus on?

I serve as bond counsel, disclosure counsel and underwriter’s counsel in a wide variety of public finance transactions, including for states, cities, counties, airports, water and wastewater funds, airports, among others. I have served as bond counsel involving complex variable rate products as well as the creation of new master indentures. I have served as disclosure counsel in some of the most complex financing in the public finance market. I have also served in various capacities in connection with university and cultural institution financings. In addition, I have recently served as underwriter’s counsel in connection with a tax exempt project financing transaction that financed the construction of facilities that will manufacture medium density fiberboard from rice straw.


I am a thought leader in the fast-evolving regulatory developments involving disclosure and due diligence obligations of issuers and underwriters. I am a frequent panelist and project participant on a wide variety of topics ranging from disclosure policies and procedures, underwriter due diligence obligations, application of securities laws to secondary market statements, among others.


  • Speaker, “Spotlight on Transparency: A Discussion of Secondary Market Disclosure Practices,” SEC's Office of Municipal Securities (OMS) Virtual Conference, June 16, 2020
  • Speaker, “What COVID-19 Means for Issuer Disclosure Practices,” GFOA Annual (Virtual) Conference, June 4, 2020
  • Speaker, “SEC Statement on COVID-19 Disclosure,” GFOA Annual (Virtual) Conference, May 15, 2020
  • Speaker, “Navigating Investor Disclosures During the COVID-19 Crisis,” California Debt and Investment Advisory Commission, Webinar, May 1, 2020
  • Regularly speaks at Government Finance Officers Association (GFOA), California Debt and Investment Advisory Commission (CDIAC), and Bond Dealers of America


  • “SEC releases coronavirus (COVID-19) disclosure guidance for issuers of municipal securities,” Nixon Peabody Client Alert, May 11, 2020
  • “Clayton calls for meaningful coronavirus (COVID-19) disclosure,” Nixon Peabody Client Alert, April 15, 2020
  • “SEC staff releases antifraud guidance made by issuers of municipal securities,” Nixon Peabody Client Alert, February 14, 2020
  • “SEC adopts amendments to rule 15C2-12 to add events for which notice must be provided,” Nixon Peabody Client Alert, August 27, 2018
  • “Crafting Disclosure Policies,” National Association of Bond Lawyers, August 20, 2015

SEC Chair Clayton provides guidance on coronavirus disclosure

Bond Buyer | April 23, 2020

In this article discussing SEC Chair Jay Clayton’s guidance on corporate disclosure during the COVID-19 pandemic, Los Angeles Project Finance and Public Finance partner Dan Deaton provides commentary about how the virus is introducing complexities to disclosures across markets.


Daniel M. Deaton


Los Angeles

Phone: 213-629-6050

Southern Methodist University, J.D.

University of California, Irvine, B.A.




Daniel Deaton is a member of the State Bar of California and the State Bar of Texas.

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