Programs & Materials

Compliance Officer Liability Panel: January 2012

» ABA Securities Litigation SRO Sub-Committee Hosts Panel Discussion on Trying FINRA Disciplinary Proceedings

On January 18, 2012, the ABA Securities Litigation SRO Subcommittee hosted a panel discussion on compliance-officer liability, a subject of great interest for legal and compliance professionals at member firms. The presentation featured Susan Schroeder, FINRA’s deputy chief of enforcement, Gloria R. Greco, managing director and chief compliance officer for Merrill Lynch, Pierce, Fenner & Smith Inc., John Sturc of Gibson Dunn & Crutcher LLP, and was moderated by Ben A. Indek of Morgan, Lewis & Bockius LLP. Susan Merrill of Bingham McCutcheon sat in as a commentator with Andy Sidman and Anne Flannery, cochairs of the subcommittee along with David Boch. The program was available via audio-conferencing and more than 100 attendees participated in person or by telephone.

The panelists discussed the role of compliance officers from the in-house perspective, as well as the expectations of both securities and banking regulators. CLE materials that surveyed SEC and FINRA enforcement actions against compliance officers were distributed and are available here.

FINRA Discussion Panel: June 2011

» ABA Securities Litigation SRO Sub-Committee Hosts Panel Discussion on Trying FINRA Disciplinary Proceedings

On June 2, 2011, the ABA Securities Litigation SRO Subcommittee hosted a panel discussion on litigating disciplinary cases brought by FINRA. The panel included Andrew H. Perkins, Deputy Chief Hearing Officer of FINRA's Office of Hearing Officers, David R. Sonnenberg, Vice President & Head of Litigation of FINRA's Department of Enforcement, and Julian Friedman, of Stillman, Friedman & Schectman, P.C. The presentation was moderated by the SRO Subcommittees' chairs, Andrew Sidman of Bressler, Amery & Ross, Anne Flannery of Morgan Lewis, and David Boch of Bingham McCutchen. Paul Tyrrell of Bingham McCutchen helped organize the panel.

The panelists provided valuable insights and practice tips both for lawyers experienced in handling FINRA disciplinary proceedings and those new to the forum. Some of the highlights are summarized within.