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, “Effective Investor Outreach: Concepts for an Effective Investor Relation Strategy During Strange Times,” National Association of State Treasurers (NAST), Webinar, July 28, 2020
  • 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

SFO prepares bond refunding as airport rides out pandemic

Bond Buyer | July 30, 2020

This article about San Francisco International Airport (SFO) and its preparations for a $291 million bond refunding deal mentions NP as disclosure counsel. San Francisco partner Travis Gibbs and Los Angeles partner Dan Deaton and counsel Heather White, all of the Project Finance and Public Finance Group, advised on this matter.

GFOA members urge issuers to disclose coronavirus impacts

The Bond Buyer | June 05, 2020

This article quotes Los Angeles Project Finance and Public Finance partner Dan Deaton on SEC guidance for disclosures and how the uncertainty caused by the pandemic has impacted the market.

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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