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Broker/Dealer Regulation and Enforcement 2014


Speaker(s): Alan M. Cohen, Amy Kopleton, Anjan Sahni, Carmen J. Lawrence, Charles V. Senatore, Christopher J. Mahon, Colleen P. Mahoney, Gerard S. Citera, Henry Klehm III, Ilene B. Marquardt, James A. Brigagliano, Joaquin M. Sena, Judith M. Shaw, Kay L. Lackey, Kevin W. Goodman, Manal Sultan, Michael J. Osnato, Jr., Nancy L. Swift, Neal E. Sullivan, S. Anthony Taggart, Susan Schroeder, Suzanne Elovic, William R. Baker III
Recorded on: Oct. 22, 2014
PLI Program #: 48134

Alan is head of Global Compliance. He serves as a member of the Management Committee, the Firmwide Client and Business Standards Committee, the Firmwide Investment Policy Committee and the Firmwide Reputational Risk Committee. Alan joined Goldman Sachs as a partner in 2004.

Prior to joining the firm, Alan was a partner at O’Melveny & Myers, where he co-headed the White Collar and Regulatory Defense Practice and the New York Litigation Group since 1991. Prior to this, he was an assistant US attorney for nine years for the Southern District of New York, where his last assignment was as the chief of the Securities and Commodities Fraud Task Force.

Alan serves on the Board of Directors of the New York Stem Cell Foundation and the Board of Trustees of Temple University. He is also a member of the Lawyers Committee of the Innocence Project.

Alan earned a BA in 1972 from Temple University, as well as a PhD and a JD, with highest honors, from Rutgers University in 1976 and 1979, respectively.


Anjan Sahni is a highly experienced litigator who has overseen some of the most significant white collar and securities fraud prosecutions in recent years. Mr. Sahni rejoined the firm after more than a decade as a federal prosecutor in the United States Attorney’s Office for the Southern District of New York, where he recently served as Chief of the Securities and Commodities Fraud Task Force and Co-Chief of the Terrorism and International Narcotics Unit.

As Chief of the Securities and Commodities Fraud Task Force, Mr. Sahni supervised investigations and prosecutions involving insider trading, accounting fraud, corporate fraud, market manipulation, commodities fraud, investment advisory fraud, violations of the Bank Secrecy Act and Foreign Corrupt Practices Act, and fraud involving complex financial instruments. In that role, he regularly coordinated criminal investigations with an array of different civil regulators, including the SEC, CFTC, Federal Reserve, FINRA, OCC, FinCEN and NYDFS.

Prior to supervising the Securities and Commodities Fraud Task Force, Mr. Sahni served as the Co-Chief of the Terrorism and International Narcotics Unit. In that role, he oversaw investigations and prosecutions involving domestic and international terrorism, arms trafficking, counterintelligence, piracy, money laundering, violations of export controls and economic sanctions laws, and global narcotics trafficking. He was the co-prosecutor of notorious arms dealer Viktor Bout and oversaw the successful prosecution of would-be Times Square bomber Faisal Shahzad.

After receiving his law degree from Yale Law School, Mr. Sahni clerked for the Honorable Pierre N. Leval of the United States Court of Appeals for the Second Circuit, after which he joined WilmerHale as a litigation associate.


Carmen Lawrence is a partner in King & Spalding’s Special Matters and Government Investigations practice group.

Ms. Lawrence's practice focuses on representing parties in investigations and litigations conducted primarily by the US Securities and Exchange Commission, US Commodity Futures Trading Commission, US Department of Justice, self-regulatory organizations and state securities regulators, conducting internal investigations, providing crisis management advice to public and private companies and counseling public companies and regulated entities (broker-dealers and investment advisers) on their obligations under the federal securities laws.

From 1996 until June 2000, Ms. Lawrence was the Regional Director for the SEC's Northeast Regional Office (covering 14 states and the District of Columbia), where she oversaw all enforcement and regulatory operations in the SEC's largest region.  Some of the SEC's most significant cases were brought by the Northeast Regional Office under Ms. Lawrence's leadership.

Before her appointment as regional director, from 1990 through 1995, Ms. Lawrence served as Senior Associate Regional Director, heading up the Northeast Regional Office's Enforcement Division.  From 1981 to 1989, she served in various staff and senior positions in the Enforcement Division.

Ms. Lawrence received numerous awards during her tenure at the SEC, including the Equal Employment Opportunity Award in 1998; the Presidential Distinguished Executive Award in 1995; the Stanley Sporkin Award in 1993; and the Irving M. Pollack Award, presented to an enforcement lawyer exhibiting leadership, integrity and intellect, in 1990. 

Ms. Lawrence is consistently recognized by Chambers USA: America's Leading Lawyers for Business as a leading individual for Securities Regulation and for Litigation: White-Collar Crime & Government Investigations.  She is consistently recognized by Legal 500 in Litigation: White-Collar Criminal Defense, and is additionally recognized in Financial Services: Litigation.  She is also consistently recognized by Benchmark: Litigation as a New York Litigation Star. She was named to Securities Docket’s inaugural “Enforcement 40” list of top SEC enforcement lawyers in 2013.

Ms. Lawrence has spoken extensively and participates in numerous continuing legal education programs for federal securities law matters.


Chuck Senatore is an executive vice president and head of risk oversight for Devonshire Investors, a unit within FMR LLC, the parent company of Fidelity Investments.  Devonshire Investors focuses on long-term investments in operating companies and real estate, as well as the management of private venture funds.   In his role, Mr. Senatore is accountable for oversight and strategic direction pertaining to the compliance, legal, regulatory and risk related functions for Devonshire’s constituent businesses.  He also serves as Chief Compliance Officer for Impresa Management LLC., a registered investment adviser within the Devonshire unit.

In earlier roles at Fidelity, he led the firm’s global compliance and ethics function for over eleven years, and served as the firm’s head of regulatory coordination and strategy.

Prior to joining Fidelity in May 2003, Mr. Senatore served as Co-Head of Global Compliance at Merrill Lynch, and Head of the firm’s Regulatory Affairs Group. From 1994 to 1997, Mr. Senatore served as Director of the Securities and Exchange Commission’s Southeast Region.

Prior to his service at the Commission, Mr. Senatore practiced law in South Florida, and served as an Assistant U.S. Attorney in the Southern District of Florida, including service as Chief of that office’s Public Corruption Section.

Mr. Senatore is a member of the Standing Advisory Group to the Public Company Accounting Oversight Board.  He is also a member of the American Law Institute, advising on its project on the Principles of the Law, Compliance, Enforcement, and Risk Management for Corporations, Nonprofits, and Other Organizations.  He served previously as Chair of FINRA’s National Adjudicatory Council and Chair of the Board of Directors of the National Society of Compliance Professionals.

Mr. Senatore is also a lecturer in law at the University of Chicago Law School, teaching Compliance and Regulatory Strategy.  Earlier, he was an Adjunct Professor of Securities Regulation at the University of Miami Law School.

Mr. Senatore received a Bachelor of Arts in Economics from Williams College and earned a J.D. from the University of Chicago Law School.


Henry Klehm, co-head of the Firm’s Securities Litigation & SEC Enforcement Practice, brings almost 30 years of experience at the U.S. Securities and Exchange Commission as a senior enforcement officer, a senior in-house lawyer at two global financial institutions, and a public company director. In the last ten years, Henry has acted as counsel in major corporate investigations and civil and criminal enforcement actions throughout the world. He counsels boards, corporations, and financial institutions on cross-border internal investigations, crisis management, corporate governance, and effective compliance and ethics programs, as well as legal matters related to internal control, auditing, litigation loss contingencies (ASC 450), and whistleblowers.

Recent representations include public companies, audit and special committees, financial institutions, and senior corporate officers in investigations and litigation involving disclosure, complex financial products, financial reporting, the Foreign Corrupt Practices Act, money laundering, and economic sanctions.

Prior to joining Jones Day, Henry was Deutsche Bank’s global head of compliance and Prudential Financial’s deputy general counsel for regulatory matters. He was with the SEC for ten years, serving as head of enforcement for the northeastern United States for five years, where he investigated, litigated, and supervised more than 500 enforcement actions including insider trading, financial frauds, Ponzi schemes, rogue traders, market manipulations, and investment company and advisor matters.

Since 2006, Henry has served as an independent director of RenaissanceRe Holdings, an NYSE-listed catastrophe reinsurance firm. He is currently chair of the Compensation and Governance Committee and previously chaired the audit committee.

Henry frequently lectures on cross border investigations, financial services, and corporate governance matters.


Ilene Marquardt is lead counsel for Wells Fargo Advisors’ retail brokerage operations.  In this role, Ilene heads a team of thirty professionals who provide legal advice and counseling for all products, services and operations within the Wells Fargo Advisors Line of Business, including First Clearing and FInNet.  Ilene is a member of the WFA Operating Committee and serves on multiple other WFA business, legal, compliance and risk working groups and committees that support the WFA channel.

Before joining Wells Fargo in February 2019, Ilene spent more than 24 years at UBS (originally PaineWebber) where she held multiple roles including Head of Litigation and Regulatory for Wealth Management US, Interim General Counsel for Wealth Management US and Head of Regulatory for Region Americas.  Ilene is also an appointed member of the FINRA National Adjudicatory Council, and serves on SIFMA’s Compliance and Legal Executive Committee.  Before joining PaineWebber in 1994, Ilene was a litigation associate in NY at Morgan Lewis and Bockius.

Ilene has a B.A. from Northwestern University, and a J.D. from New York University School of Law.  She is a member of the New York and New Jersey bars.


JAMIE BRIGAGLIANO is a partner of the Securities and Derivatives Enforcement and Regulatory group, which received the 2019 Chambers USA award for Financial Services Regulation Firm of the Year. Prior to joining Sidley, Jamie served as the Deputy Director of the Division of Trading and Markets at the Securities and Exchange Commission, where he held senior policymaking and management responsibilities. His practice at Sidley is composed of advising broker-dealers, hedge funds and other financial services firms on a broad variety of regulatory, enforcement, compliance and transactional matters. Jamie focuses his practice in particular on SEC and SRO rules governing trading by broker-dealers and hedge funds, and broker-dealer registration and conduct rules.

Jamie’s practice has been regularly recognized by Chambers USA and The Best Lawyers in America. In the 2015 edition of Chambers USA, Jamie was recognized as a lawyer with “a good understanding of how the SEC operates” and “strong practical skill in trading practices.” For the 2016, 2017 and 2019 rankings, The Best Lawyers in America list Jamie as a “Best Lawyer” in the Securities Regulation category.

While at the SEC, Jamie oversaw the regulation of broker-dealers, securities markets and trading practices; advised on enforcement matters and testified before Congress. Jamie was honored with numerous awards during his tenure at the SEC.  He has been a frequent speaker at seminars and conferences.

 


Kay Lackey is a Managing Director/Senior Counsel at Royal Bank of Scotland (Americas).  Kay is the Head of Litigation and Regulatory Investigations for Corporate and Institutional Banking.

Prior to joining RBS, Kay worked at the Securities and Exchange Commission for 14 years.  Kay joined the Commission in 1995 as a staff attorney in the Division of Enforcement in New York and was subsequently promoted.  When she left the Commission, Kay was an Associate Regional Director and Co-Head of Enforcement in the New York Regional Office.  While at the SEC, Kay worked on and supervised numerous enforcement actions involving a variety of areas, including financial fraud, stock options backdating, insider trading, market timing and late trading, ponzi schemes, and market manipulation.

Prior to working at the SEC, Kay was a litigation associate at Mayer Brown.  Kay also clerked for the Honorable Nathaniel M. Gorton of the United States District Court for the District of Massachusetts and the Honorable Juan R. Torruella, of the United States Court of Appeals for the First Circuit.  Kay received her J.D. from Boston University Law School and her B.A. from Williams College.


Manal Sultan is currently the Deputy Director for the Division of Enforcement and is in charge of the Division’s New York office. Ms. Sultan represented the Division in many enforcement actions, including virtual currency matters, which are filed in the United States District Court and focus on allegations of manipulation, fraud, and trade practice misconduct. She has also successfully negotiated and settled many actions including benchmark cases and spoofing cases. Prior to being appointed Deputy Director, she has served as a chief trial attorney with the Division of Enforcement at the CFTC in New York. She also served as the Squad Leader of the Manipulation and Disruptive Trading squad of the Division. Ms. Sultan is a graduate of Fordham Law School. In addition, she holds an MBA in finance and information technology.

 


Michael J. Osnato, Jr., former Chief of the Complex Financial Instruments Unit of the Securities and Exchange Commission’s Enforcement Division, is a Litigation Partner and member of the Firm’s Government and Internal Investigations Practice. He focuses on high-stakes regulatory and criminal matters, government investigations, sensitive whistleblower complaints and SEC examination and compliance counseling.

During his tenure at the SEC, Mike led a specialized, nationwide unit of 45 attorneys and former Wall Street professionals in the SEC’s investigations related to complex financial products and practices involving sophisticated market participants. Under Mike’s leadership, the CFI Unit was charged with developing innovative and streamlined methods for monitoring and investigating products and risks that posed a large-scale risk to the securities markets. He supervised investigations and litigations involving the structuring, sale, trading and valuation of derivatives, asset-backed securities and other complex securities by banks, asset managers and public companies, including:         

  • Global financial institution in violations of SEC Customer Protection Rule culminating in historic $415 million penalty
  • Fraud and internal controls cases against traders and global financial institution arising from six billion dollar derivatives trading loss
  • SEC’s first fraud cases against bank issuers of complex derivative products
  • First SEC fraud charges against major credit rating agency
  • Disclosure and controls violations by financial institutions arising from multibillion-dollar regulatory capital overstatements
  • Fraud case against senior-most investment bankers charged for financial crisis-related conduct

At the SEC, Mike was a member of various national leadership Committees, including the Enforcement Division’s Cooperation Committee, which oversees the SEC’s Cooperation Program for entities and individuals subject to SEC investigation. During his tenure on the Cooperation Committee, Mike played a leadership role in developing innovative uses of the Enforcement Division’s Cooperation Program and formulating national policy relevant to the resolution of high-stakes matters. Mike has extensive experience in evaluating the strength of corporate compliance and controls programs, the adequacy and value of corporate and individual cooperation in SEC matters, and has played a lead role in several of the SEC's most prominent settlements involving admissions of wrongdoing.

Throughout his tenure at the SEC, Mike worked in close partnership with multiple domestic and international law enforcement agencies, including the Department of Justice, FBI, CFTC, Federal Reserve, the Manhattan District Attorney's Office, the New York Attorney General's Office, the Office of the Comptroller of the Currency and the U.K. Financial Conduct Authority.

Mike first joined the SEC’s Enforcement Division in September of 2008 as a staff attorney. Prior to his promotion to Chief of the CFI Unit, he served as Assistant Regional Director in the SEC’s New York Regional Office from 2010 through January 2014, where he supervised a number of prominent financial crisis, accounting fraud and investment adviser investigations. 

Mike frequently speaks at conferences on subjects relating to securities enforcement, regulatory developments and private fund enforcement. He also serves as Visiting Lecturer at a prominent European university on the SEC's regulatory and enforcement processes.

Prior to his tenure at the SEC, Mike was an attorney at two prominent international law firms. He received his J.D. with Honors in 1997 from Fordham Law School, where he was a member of the Law Review, and his B.A. with Honors from Williams College in 1994, where he was a Distinguished Scholar.


Nancy Swift recently joined Wells Fargo’s Regulatory Compliance Risk Management team as the Deputy Chief Compliance Officer for Institutional & Brokerage.  In that role, Nancy is responsible for overseeing the portfolio of compliance risk management programs for the institutional, capital markets, securities and brokerage activities across the enterprise.  

Prior to joining Wells Fargo in August, Nancy spent 10+ years at Deutsche Bank, working in a variety of roles in the Legal and Compliance Departments.  For the last three years, she was Head of Compliance for Deutsche Bank’s Markets division, served as co-chief compliance officer for its broker-dealer and supported DB’s implementation of Title VII and the Volcker Rule.

Before joining Deutsche Bank, Nancy spent 3 years in the Legal Department at Credit Suisse First Boston.  Prior to CSFB, Nancy worked as an associate in the litigation department at Simpson Thacher and Bartlett.   

Nancy earned an undergraduate degree from Princeton University, and a law degree from Harvard Law School.  She is admitted to the NY bar and holds the Series 7, 14 and 66 licenses. 


NEAL SULLIVAN, a member of the Firm’s Executive Committee, is co-leader of Sidley’s Securities & Derivatives Enforcement and Regulatory practice, which received the 2016 Chambers USA Award for “Financial Services and Securities Regulation.” Neal conducts a comprehensive securities regulatory and enforcement practice in which he represents broker-dealers, investment banks, investment advisers, accounting firms, public companies, and senior corporate officers before the SEC, DOJ, DOT/FinCEN, PCAOB, FINRA, state attorneys general and securities regulators in private and public investigations and enforcement proceedings and in connection with international securities regulatory matters. He has been recognized in the areas of Securities Regulation and Enforcement since 2008 in Chambers USA: America’s Leading Lawyers for Business, where he has been described as “the epitome of a ‘wise counselor,’” with “significant credibility with the regulators and a keen sense of what all parties need to accomplish to reach resolution.”

A dynamic and effective enforcement counsel, Neal has represented financial services clients in many of the SEC’s major Wall Street investigations in the past 15 years, including anti-money laundering, insider trading, the sale of auction-rate securities, other structured products and various subprime mortgage-related matters; mutual fund market timing. He has represented public companies and accounting firms in connection with SEC investigations and proceedings related to audit work papers, accounting treatment of assets and valuations, compliance with Regulation FD and accounting treatment in connection with M&A.

Neal is also one of the leading advisers to the securities industry on major compliance and regulatory matters. He has played a central role in many significant matters over the past 20 years, such as representing Freddie Mac in a multi-year investigation by the SEC and the DOJ regarding sub-prime mortgages, representing Morgan Stanley in obtaining regulatory approvals for the 2009 launch of Morgan Stanley Smith Barney, the country’s largest retail broker-dealer and in its subsequent move to self-clearing and the Boston Options Exchange’s 2012 filing with the SEC to become a national self-regulatory organization. He represented the settling banks in negotiating the NASAA model settlement that become the basis for the Global Settlement Relating to Firm Research and Investment Banking Conflicts of Interest announced by the SEC, NASD, NASAA, NYSE and the N.Y. Attorney General’s office in April 2003.

During his tenure as the executive director of the North American Securities Administrators Association, he represented the 53 states and territories in negotiations concerning The National Securities Markets Improvement Act of 1996 and was one of the principal drafters of NSMIA. He also served as chief of the Massachusetts Securities Division and was vice president of regulation at the Boston Stock Exchange.

Neal appears regularly on industry and legal panels that address issues of concern to the securities industry, including the SIFMA C&L annual meeting and certain SIFMA regional meetings. He has co-chaired the Fall PLI course on broker-dealer regulation annually since 2007. He also speaks at FINRA’s fall and spring annual conferences.  He has appeared before the U.S. Congress to provide testimony on various SEC proposals and proposed federal oversight of the U.S. capital markets. He has authored several published articles on regulation of broker-dealers.


S. Anthony Taggart is an Executive Director & Counsel in the Litigation Department at Morgan Stanley in New York, where he is responsible for regulatory and civil litigation matters.  Prior to joining Morgan Stanley in 2004, Mr. Taggart was the Director of the Utah Division of Securities for six years.  Mr. Taggart originally joined the Division in 1993, and in addition to Director, he worked as a staff attorney, securities examiner, and the Director of Corporate Finance.

Mr. Taggart currently serves on the State Regulation and Legislation Committee for the Securities Industry and Financial Markets Association (SIFMA), a committee he previously chaired.  He also previously served on the boards of directors of the North American Securities Administrators Association, the Utah Council on Economic Education and the Wayne Brown Institute.  He taught and lectured on securities law at the University of Utah School of Law, Weber State University, LDS Business College and Salt Lake Community College.

Mr. Taggart holds a Juris Doctorate from the University of San Diego (’93), and a Bachelors of Science in Economics and a Bachelors of Arts in Political Science, both from the University of Utah (’90).  Mr. Taggart is admitted to practice law in New York and Utah.


Susan Schroeder is the Executive Vice President and Head of FINRA Enforcement, responsible for FINRA’s disciplinary actions across the country.  After a recent combination resulting from FINRA360, the organization’s ongoing comprehensive self-evaluation and improvement initiative, FINRA Enforcement is a unified group that handles disciplinary actions related to trading-based matters found through Market Surveillance’s surveillance and examination programs, as well as and other cases referred from other regulatory oversight divisions including Member Regulation, Corporate Financing, the Office of Fraud Detection and Market Intelligence, and Advertising Regulation. 

Prior to becoming the Head of Enforcement in 2017, Susan was Senior Vice President and Deputy Chief of Enforcement at FINRA for six years.  Before joining FINRA, she was a partner in WilmerHale’s Securities Litigation and Enforcement practice, where she specialized in SEC, FINRA, and state investigations and enforcement actions involving all aspects of securities law.  She began her legal career as a litigation associate at Kirkland & Ellis, specializing in securities litigation.  She received her J.D. from NYU School of Law, her M.A. from the University of California at Davis, and her B.A. from Georgetown University.  She is a member of the New York bar.


Suzanne Elovic is the Head of Regulatory Inquiries and Relations at UBS Securities LLC.  In that role, she oversees all securities-related regulatory inquiries and examinations and represents the Firm in matters before the SEC, FINRA, and other regulators.  Prior to joining UBS in 2013, Ms. Elovic briefly held the role of Head of Regulatory Relations at MF Global, Inc. 

From 1999 through 2011, Ms. Elovic held various roles in the Enforcement Department of FINRA (and its predecessor NYSE Regulation, Inc.).  From 2008 through 2011, she served as Chief Counsel.  In that position, Ms. Elovic supervised hundreds of Enforcement investigations including matters involving violations of Regulation SHO, Bluesheet reporting, mutual fund market timing, and net capital requirements as well as numerous cases imposing sanctions for failure to comply with various regulatory requirements caused by significant systemic and operational deficiencies and attendant supervisory failures.  As a staff attorney at NYSE Regulation, Ms. Elovic held a leadership role on the joint regulatory team handling the investigations that ultimately resulted in the $1.4 billion Global Research Analyst settlement.

Ms. Elovic began her career in the New York County District Attorney's Office under the Honorable Robert Morgenthau.  An Assistant District Attorney for seven years, Ms. Elovic handled the prosecution of hundreds of criminal matters, first-chaired 15 jury trials and from 1994-1997, specialized in the handling of white-collar criminal matters as an Assistant in the Frauds Bureau.

Ms. Elovic received her J.D. from the Benjamin N. Cardozo School of Law and her B.A. from Brandeis University.


William R. Baker, III is a partner in the Washington office of Latham & Watkins.  For almost three decades, first as a senior officer at the SEC, and then at Latham, Mr. Baker has worked on some of the most significant securities regulatory and corporate governance matters. Today, he represents financial institutions, corporations, auditing and other professional firms in SEC and other regulatory enforcement proceedings.  In addition, Mr. Baker conducts internal investigations on behalf of management and boards of directors. He regularly counsels clients on SEC reporting, disclosure, compliance and corporate governance requirements.

Prior to joining Latham, he served as Associate Director of the SEC’s Division of Enforcement where he was responsible for supervising all types of SEC enforcement activities, including investigations involving issuer accounting fraud and other disclosure violations, insider trading, market manipulation and broker-dealer and investment adviser misconduct. Mr. Baker led numerous high-profile investigations that resulted in several landmark enforcement actions, including the SEC's action against WorldCom Inc., involving one of the largest financial frauds in history. While at the Commission, he was a recipient of the SEC's Stanley Sporkin Award, awarded by the Chairman of the SEC in recognition of outstanding contributions to the Enforcement program, and of the Commission's Law and Policy Award.

Mr. Baker is consistently recognized as a leading securities lawyer by Chambers USA and The Legal 500 US and is listed as one of the Best Lawyers in Washington by Washingtonian magazine. In 2017, he was named to BTI Consulting Group’s “Client Service All-Star List,” which recognizes national leaders in superior client service identified directly by corporate counsel and executives. He is the co-author of "Corporate Internal Investigations after Sarbanes-Oxley" published in Volume II of The Practitioner's Guide to the Sarbanes-Oxley Act (American Bar Association 2005) and is a contributor to Securities Law Techniques (Matthew Bender). He was named to the Securities Docket 2017 "Enforcement 40" list, which lists the forty leading securities enforcement defense attorneys.

Mr. Baker is a Trustee of the SEC Historical Society.  Previously, he was an adjunct professor at George Washington University Law School, where he taught Securities Regulation. He is a frequent author, speaker and panelist on securities law issues at programs organized by a wide variety of groups, including the American Bar Association, the District of Columbia Bar Association, the Association of the Bar of the City of New York, SIFMA, the Justice Department's National Advocacy Center, the Practicing Law Institute, Georgetown University Law Center and Stanford Law School. 


Colleen P. Mahoney, a partner in Skadden's Washington, D.C. office, heads the firm's Securities Enforcement and Compliance practice, and regularly represents financial services firms, corporations, their boards, board committees, officers, directors and employees in Securities and Exchange Commission (SEC) and other law enforcement investigations.

Ms. Mahoney assists management and boards of directors performing internal inves­tigations, often advising clients on preventive and remedial measures before and after securities-related issues arise.

Ms. Mahoney has been the lead attorney representing many of the company boards and individuals embroiled in signature SEC investigations. Her clients have included many well-known U.S. and foreign companies. As is frequently the case with SEC enforcement matters, the biggest victories are the ones that never become public – the government investigations and inquiries that are put to rest before charges are filed or an indictment is issued, or even before a public disclosure of the government interest. Ms. Mahoney has succeeded in bringing a number of matters to a close in those circumstances.

Prior to joining Skadden, Ms. Mahoney spent 15 years in increasingly senior positions with the SEC, serving as acting general counsel of the agency and as deputy director of the division of enforcement. During her tenure at the SEC, Ms. Mahoney helped manage a civil law enforcement program that addressed a wide range of issues, including financial fraud and disclosure, asset management issues, derivatives and insider trading.

Ms. Mahoney frequently lectures on securities regulatory and enforcement issues at seminars and conferences in the United States and abroad.

Ms. Mahoney has been selected for inclusion in Chambers USA: America's Leading Lawyers for Business, The International Who's Who of Corporate Governance Lawyers, Lawdragon 500 Leading Lawyers in America and The Best Lawyers in America. Since 2012, she has been recognized as one of Benchmark Litigation's "Top 250 Women in Litigation" and she also was named to the shortlist of the nation's top women regula­tory lawyers by Chambers USA (2012). Additionally, Ms. Mahoney was included in Washingtonian Magazine's 2013 "Best Lawyers" list.


Jack leads Bank of America's Regulatory Inquiries Group, which responds to regulatory inquiries that potentially present significant reputational, financial or legal risk to Bank of America Corporation and its subsidiaries, including Merrill Lynch.  He is a member of the Legal Department’s Diversity and Inclusion Business Council and serves on the board of the Adams Street Foundation, which supports the Urban Assembly School for Law and Justice in Brooklyn, New York.

Jack received a Bachelor of Science degree in Economics and in Psychology from Brown University in 1982, and a Juris Doctor degree from the University of Pennsylvania in 1985.

Prior to joining Bank of America in 2005, he served in the Securities and Exchange Commission's Division of Enforcement for twelve years, including three years as a trial lawyer and nine years as an investigative attorney.  While employed by the SEC, he also served as a Special Assistant United States Attorney in the Eastern District of Virginia, where he handled various criminal matters.

Prior to joining the SEC, Jack spent four years at a law firm practicing antitrust law, which was preceded by three years at the Federal Trade Commission's Bureau of Competition.

 


Mr. Citera is senior legal advisor to large banks, investment banks, brokerage firms and other financial institutions in complex legal, regulatory and compliance matters. Previously, he was a Managing Director and Associate General Counsel at J.P. Morgan Chase & Co. where he managed the cash equities legal team.  Before joining J.P Morgan, he was Counsel in the Financial Institutions Group at Davis Polk & Wardwell and one of the senior lawyers in that firm’s Trading and Markets Practice. Mr. Citera also served as Deputy General Counsel at PaineWebber Securities and Regulatory Risk Manager for the U.S. Equities Division of UBS Investment Bank.  Earlier in his career, he was an attorney in the SEC’s Division of Market Regulation and Office of General Counsel and Special Counsel at the law firm Wilmer, Cutler & Pickering.   Mr. Citera has been a guest lecturer at the Rockefeller College of Public Administration at SUNY Albany, the University at Buffalo Law School, and Albany Law School.  He serves on the Dean’s Advisory Board to Rockefeller College and on the Advisory Council for the Institute of Financial Market Regulation at SUNY Albany.  Mr. Citera obtained his J.D. degree from the University at Buffalo Law School and his B.A. from the State University of New York at Albany.


Amy G. Kopleton is the Deputy Bureau Chief for the New Jersey Bureau of Securities. The Bureau is part of the NJ Office of the Attorney General, Division of Consumer Affairs. The primary mission of the Bureau is the protection of New Jersey investors. The Bureau regulates the offer or sale of securities into or from New Jersey through its enforcement of the Uniform Securities Law.

Ms. Kopleton received her J.D. degree from Brooklyn Law School in 1996 and her B.S. degree in Management from Tulane University in 1993. Ms. Kopleton is admitted to the bar in New Jersey and New York.

Her first year out of law school Ms. Kopleton clerked in the Passaic County Courthouse for the Honorable Arthur Dwyer, and the Honorable W. Hunt Dumont. Ms. Kopleton then joined Eichenbaum, Kantrowitz, Leff and Gulko, L.L.C. as an associate before joining the Bureau. Ms. Kopleton has been with the Bureau for fifteen years.


Christopher J. Mahon is a senior vice president and head of broker-dealer legal and regulatory at AllianceBernstein, where he manages the legal and compliance functions globally for its institutional broker, Bernstein.  He serves on AB’s enterprise-wide ethics, conflicts, and internal control committees as well as other of its risk, governance and policy committees.

Chris is a member of the Compliance Advisory Committee of the U.S. Financial Industry Regulatory Authority, FINRA.  He is a former member of FINRA’s National Adjudicatory Council, serving as its Vice Chair in 2015, and of FINRA’s International Advisory Working Group.  Chris is a current member and former co-chair of the Securities Industry and Financial Markets Association’s Compliance and Regulatory Policy Committee.  He is an executive officer of SIFMA’s Compliance and Legal Society, contributing to the group’s various policy, advocacy and educational efforts.  He chaired C&L’s annual conference in 2016.

Chris is an adjunct faculty member at Fordham University’s Gabelli School of Business, where he teaches a course on financial regulation, compliance, and risk management.

Previously, Chris was a managing director at Deutsche Bank, where he held senior global and regional roles in equities and investment banking compliance.  He also was the director of compliance and counsel at D.E. Shaw & Co.  Chris served as a senior counsel in the U.S. Securities and Exchange Commission’s Division of Enforcement and was an associate in litigation and antitrust at Cadwalader.  Chris is a graduate of New York University School of Law, where he was an editor-in-chief of the Annual Survey of American Law.  He is a summa cum laude graduate of Rutgers College.


Judith Shaw serves as the Securities Administrator for the State of Maine Office of Securities having been appointed in 2008.  From 2001 to 2008, she served as Deputy Superintendent of the Maine Bureau of Insurance.

Judith began her career as Associate Legal Director and later Chief of Investigations for the New Jersey Election Law Enforcement Commission.  In 1992 she returned to Maine and joined the Maine Office of the Attorney General specializing in administrative and insurance law. 

An active member of the North American Securities Administrators Association (NASAA), Judith serves on the Board of Directors and is the Board’s Secretary.  She also serves as Chair of NASAA’s Legal Services Committee and previously served as Chair of NASAA’s Enforcement Section Committee. 

Judith is co-chair of the Maine Council for Elder Abuse Prevention, a coalition of public and private partners dedicated to reducing elder abuse and financial exploitation.  She is a member of the Administrative, Consumer and Financial Institution, and Elder Law Sections of the Maine State Bar Association.


Kevin W. Goodman leads the U.S. Securities and Exchange Commission’s FINRA and Securities Industry Oversight group (“FSIO”), which is responsible for comprehensive oversight of FINRA, including conducting oversight examinations of broker-dealers to assess the quality of FINRA’s examinations, as well as inspecting all areas of FINRA’s operations. FSIO also oversees the MSRB. In addition, Mr. Goodman serves as a member of the Executive and Operating Committees for the SEC’s National Examination Program. Prior to assuming his current role, Mr. Goodman led the SEC’s National Broker-Dealer Examination Program for over three years. Mr. Goodman’s SEC experience also includes having served for six years as Associate Regional Director of the SEC’s Denver Regional Office, where he managed the examination program for the office. Mr. Goodman joined the SEC staff in Los Angeles in 1992 as an Attorney-Adviser, and later served as Branch Chief, Senior Special Counsel, and Assistant Director, all with the Investment Adviser/Investment Company Examination Program. Mr. Goodman graduated from Purdue University in 1982 with a degree in accounting and received his law degree from Indiana University in 1985. Prior to joining the SEC staff, Mr. Goodman practiced corporate and securities law in the private sector with an emphasis on mergers and acquisitions.