"The Regulators Speak" - Enforcement Issues Facing Boards To
This not-to-be missed program will delve into the issues that government enforcement agencies are focusing on, from the viewpoint of the top regulators having an impact on boards in New England. Thomas Dougherty will moderate the conversation as panelists George Canellos, former co-Chair of the Enforcement Division of the United States Securities and Exchange Commission; Paul Levenson, Director of the SEC’s Boston office; and Massachusetts Secretary of State William Francis Galvin discuss regulatory issues at the state level.
George S. Canellos - In his four and a half years at the SEC, George S. Canellos served most recently as co-director of the SEC’s Division of Enforcement and before that, as the Enforcement Division’s acting director and deputy director. In those positions, Mr. Canellos set SEC enforcement priorities and policies, and supervised the civil law enforcement efforts —including in investigations, prosecutions, and trials — of approximately 1,300 SEC personnel in 12 offices across the country. From July 2009 until May 2012, Mr. Canellos served as director of the SEC's New York Regional Office, overseeing approximately 400 professional staff of enforcement attorneys, accountants, investigators and compliance examiners responsible for enforcement investigations and actions, and compliance inspections of New York-based investment banks, investment advisers, broker-dealers, mutual funds and hedge funds. Mr. Canellos is now a partner in the New York office of Milbank, Tweed, Hadley & McCloy and Global Head of our Litigation & Arbitration Group.
Paul Levenson was named director of the SEC’s Boston Regional Office in October 2013 where he oversees enforcement and examinations in the New England region Mr. Levenson joined the SEC from the U.S. Attorney’s Office for the District of Massachusetts, where he was an Assistant U.S. Attorney and Chief of the Economic Crimes Unit that is responsible for investigations and prosecutions of financial crimes. Mr. Levenson had successfully coordinated many criminal investigations with the SEC’s Division of Enforcement during his tenure in the U.S. Attorney’s Office. Mr. Levenson joined the U.S. Attorney’s office in 1989 and served in the civil division as well as the Economic Crimes Unit and Public Corruption Unit. He had led the Economic Crimes Unit since 2007. Mr. Levenson helped lead the investigation and prosecution of white collar crimes ranging from securities fraud, foreign bribery, tax fraud, insurance fraud, bank fraud, health care fraud, official corruption, and embezzlement.
William Francis Galvin - Elected to the Commonwealth’s third-ranked constitutional office in 1994, Secretary of the Commonwealth William Francis Galvin has acted as the chief information officer of Massachusetts to spotlight issues that affect the average citizen: fraud in the finance industry, credit card pressures on students, and HMO costs. He began his political career in 1972 as an aide to the Governor’s Council while an undergraduate, and won a special election to the General Court as state representative from the Allston-Brighton district the same year he graduated from Law School. He served as Chairman of the Committee on Government Regulations and was the Democratic nominee for state treasurer in 1990. In 1994, he was elected the 28th Secretary of the Commonwealth. Secretary Galvin, as the state’s chief securities regulator, has aggressively protected investors against fraud and recovered millions of dollars for victims of scam artists and rogue dealers.
Thomas J. Dougherty has been a partner in the Litigation Group of the Boston office of Skadden, Arps, Slate, Meagher & Flom LLP since 1984. Mr. Dougherty has been active in many of the major control contests and other court and SEC challenges to company disclosures and officer/director conduct in the past 20 years. He has been heavily involved in litigation that has fashioned the standards by which subsequent cases have been governed. He is the author of The Directors’ Handbook. Mr. Dougherty focuses on the representation and defense of companies, their officers, directors, underwriters and auditors. He has been involved from boardroom to courtroom in numerous significant cases before juries and judges in federal and state courts in Massachusetts, Delaware and elsewhere. His experience includes litigating in defense of corporate actions and disclosures, proxy contests, hostile takeovers, and numerous class action and derivative cases. He successfully has defended companies and their management in major class action trials in Massachusetts state and federal courts against allegations that directors “froze out” and otherwise defrauded minority stockholders.
Location and Time
250 Franklin St.
Boston, MA 2210
7:30am - 9:00am
Registration 30 minutes prior.