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Securities Law and Practice 2014: How the SEC Works


Speaker(s): Andrew J.(Buddy) Donohue, Gary M. Brown, N. Nate Saint-Victor
Recorded on: Sep. 29, 2014
PLI Program #: 51329

Gary M. Brown is a partner with Nelson Mullins Riley & Scarborough LLP, where he concentrates his practice in securities, representation of public companies and corporate governance. Prior to joining Nelson Mullins in 2018, he had served for seven years as the Chief Executive Officer of a financial services firm that specialized in the life settlement market and which, during his tenure, acquired and managed life settlement portfolios with over $4 billion (USD) in face amount.

In his thirty-two years of private law practice, Gary has been recognized in both Best Lawyers in America and Chambers – America’s Leading Business Lawyers. In addition, from 1994 until 2011, he taught corporate and securities law at the Vanderbilt University Law School. He also served as general counsel to the Ethics and Compliance Officer Association (now known as the Ethics and Compliance Initiative), then the world’s largest group of ethics and compliance professionals. 

Gary is a frequent instructor at securities programs for the Practising Law Institute, co-chairing one of PLI’s national securities programs, Understanding the Securities Laws and instructing at the SEC Reporting and Practice Skills Workshop for Lawyers. 

During 2002, Gary served as Special Counsel (Minority) to the United States Senate's Governmental Affairs Committee (and also worked with the Committee's Permanent Subcommittee on Investigations (“PSI”)) in its investigation into the causes of the collapse of Enron Corp.   During 2010, he was retained by PSI to assist in its investigation, “Wall Street and the Financial Crisis,” and related televised hearings.  While on those assignments, he provided advice on aspects of both the Sarbanes Oxley Act of 2002 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 as those pieces of legislation were being debated in the Senate.

Gary has authored numerous publications on securities and compliance issues, including PLI’s Securities Law and Practice Deskbook, which is updated semi-annually, PLI’s Master the 8-K and Master the 10-K and 10-Q, and the chapter “Introduction to Life Settlements” in PLI’s treatise Financial Product Fundamentals. His other publications include: PLI’s Guide to the SEC’s New Executive Compensation Disclosure Rules (Practising Law Institute 2007); The Implications of the U.S. Sarbanes-Oxley Act, (Japanese-German Center-Berlin/ Max Planck Institute For Foreign Private and Private International Law – September 2004, The Oxford Press).


Nate Saint-Victor is an Executive Director at Morgan Stanley where he provides legal advice on the securities laws, with a focus on prime brokerage, securities lending and fund administration.  Previously, Nate provided legal advice to the Wealth Management division on broker-dealer and investment advisory issues with a focus on research, development and distribution of alternative investments.  Nate started his legal career in the Investment Management Group at Davis Polk. Nate has previously served on the SIFMA Alternative Investments Roundtable, Investment Adviser/Broker-Dealer Task Force, and Investment Advisory Committee as well as the Certified Financial Planner (CFP) Board Business Model Working Group.  Nate regularly speaks on issues related to securities laws, diversity and inclusion and professional development.

Nate mobilizes resources for innovation and change within the legal profession through his leadership positions with the Alliance of Securities and Financial Educators (ASAFE), the Council of Urban Professionals (CUP), Legal Outreach, the National Association of Minority and Women Owned Law Firms (NAMWOLF), and the NYC Bar Association, where he sits on the Executive Committee. 

Nate is a former Chair of the Morgan Stanley Legal and Compliance Division Diversity & Inclusion Committee, a 2017 Metropolitan Black Bar Association “Trailblazer of the Year,” a 2015 CUP Catalyst Change Agent in Law, and a 2009 CUP Fellow.  Nate also enjoys mentoring through LEAD, PALS and Legal Outreach and was recognized by Legal Outreach as an “Elder of the Village,” the organization’s highest honor.

Nate co-authored the “Power of Partnering” article, summarized here and available at the NAMWOLF website, describing best practices for majority and minority- or women-owned law firms to co-partner on client matters.

Nate graduated from Duke University, where he co-founded the Duke Business and Investment Clubs, and Georgetown Law, where he served on the Journal for Gender and the Law, the award-winning Frederick Douglass Moot Court team and as President of the Black Law Student Association.  


Andrew J. Donohue, widely known as Buddy Donohue, is Of Counsel in the Investment Funds practice.

Buddy has over 40 years of experience in both senior government and private sector roles, having most recently served as SEC Chief of Staff to Chair Mary Jo White (2015-2017). He is best known for his service as Director of the SEC’s Division of Investment Management (2006-2010) (where he was effectively the most senior regulator for the U.S. funds industry), Global General Counsel at Merrill Lynch Investment Managers (2003-2006), Executive Vice President and General Counsel at OppenheimerFunds Inc. (1991 – 2001) and Investment Company General Counsel at Goldman Sachs (2012-2015).

Buddy has been an officer, director and counsel for numerous investment advisers, broker-dealers, commodity trading advisers, transfer agents and insurance companies, and has served on the boards of business development companies, registered open-end funds, closed-end funds, exchange traded funds, Cayman funds and Dublin- and Luxembourg-based UCITS. He has also served as Chairman of the ABA Investment Companies and Investment Advisers Subcommittee, and as an Editor of the ABA Guide for Fund Directors.

Buddy is an acknowledged and highly respected thought leader within the industry, having published, lectured and delivered talks on a variety of investment fund topics. He currently is also an Adjunct Professor teaching investment management law at Brooklyn Law School.