Association of Securities and Exchange Commission Alumni, Inc

ASECA Association of Securities and Exchange Commission Alumni, Inc.

Presents

The Twenty-first Annual ASECA Dinner

and

William O. Douglas Award Presentation

Friday, February 22, 2013

T h e R o n a l d R e ag a n B u i l d i n g a n d I n t e r n at i o n a l T r ad e C e n t e r Elisse B. Walter

ASECA is proud to announce that Elisse B. Walter, current SEC Chairman and former SEC staff member in the Office of General Counsel and Division of Corporation Finance, has been selected as the twenty-first recipient of the William O. Douglas Award. The Douglas Award, instituted by ASECA in 1992, is conferred annually on an SEC alumnus or alumna who has contributed to the development of the federal securities laws or served the financial and SEC community with distinction. The selection of Ms. Walter recognizes her long and distinguished service as a regulator, culminating in her designation as SEC Chairman by President Obama following the resignation of Chairman Mary Schapiro. Elisse B. Walter was sworn in as an SEC Commissioner on July 9, 2008. From the 2008 financial crisis, Commissioner Walter has been involved in countless agency initiatives, including the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Jumpstart Our Business Startups Act. She has served as the SEC’s representative on two multi-lateral international bodies – the International Organization of Securities Commissions and the Financial Stability Board. She also led a review of the municipal securities markets, which culminated in the Commission’s 2012 Report on the Municipal Securities Market. Commissioner Walter also sponsors the agency’s Disability Issues Advisory Committee, the Women’s Committee, and the Lesbian, Gay, Bisexual, and Transgender Committee. Ms. Walter joined the SEC in 1977 as a staff attorney in the Office of the General Counsel and served the agency for 17 years in positions of increasing responsibility. She worked on various cases before the United States Supreme Court, including Rubin v. SEC, and developed the Commission’s amicus and policy positions on issues including tender offers, insider trading and cross-border jurisdiction. In 1986, she was named Deputy Director of the Division of Corporation Finance, where she led significant initiatives, including the 1994 Interpretive Guidance on the Antifraud Provisions with respect to municipal securities disclosure, the reworking of the regulatory framework for private institutional trading and offshore offerings, and the rules governing cross-border offerings and listings. During her first tour of duty at the SEC, Ms. Walter received, among other honors, the Presidential Rank Award (Distinguished), the SEC Chairman’s Award for Excellence, the SEC’s Distinguished Service Award, and the Federal Bar Association’s Philip Loomis and Manuel F. Cohen Younger Lawyer Awards. Ms. Walter left the SEC in 1994 to serve as the General Counsel of the Commodity Futures Trading Commission under then-Chairman Mary L. Schapiro. In 1996, Ms. Walter joined Ms. Schapiro at NASD, predecessor to the Financial Industry Regulatory Authority (FINRA), as Executive Vice President and Chief Operating Officer of NASD Regulation. At FINRA, Ms. Walter coordinated policy issues and oversaw the organization’s Investment Company Regulation, Member Education and Training, Investor Education, and Emerging Regulatory Issues departments. She also served as a director on the FINRA Investor Education Foundation’s board. Ms. Walter is a member of the Academy of Women Achievers of the YWCA of the City of New York and participated in the inaugural class of the DirectWomen Institute. She attended Brown University and earned her B.A., cum laude, in mathematics from Yale University and her J.D. degree, cum laude, from Harvard Law School. Program

Opening Remarks Jonathan Katz

A Toast to the Securities & Exchange Commission Daniel Goelzer

Presentation of ASECA Awards

• Accounting Scholarship in honor of Ernest Ten Eyck Tom Riesenberg

• Law School Scholarships Amy Goodman

• Writing Competition Frank Razzano

• SEC Staff Scholarships Marti Cochran

Introduction of Elisse B. Walter Mary L. Schapiro

Remarks Elisse B. Walter

Presentation of the William O. Douglas Award Jonathan Katz to Elisse B. Walter

Closing Remarks Jonathan Katz ASECA Board of Directors

Jonathan G. Katz, President

Thomas L. Riesenberg, Treasurer

Amy Goodman, Immediate Past President

Brandon Becker

Brian V. Breheny

Wayne Carlin

Martha L. Cochran

Linda D. Fienberg

Robert C. Friese

Kathleen G. Gallagher

John F. Hartigan

Douglas W. Hyman

Julie Bell Lindsay

Simon Lorne

Juan M. Marcelino

Andre Owens

Marvin Pickholz

Mary S. Podesta

Frank C. Razzano

Paul Roye

Honorable Stanley Sporkin

Cecile Srodes,- Executive Director Dinner Menu

Maine State Lobster Bisque with Herbed Foccacia Croutons

Freshly Baked Bread and Butter

• Beef Bourguignon Creamy Mascarpone Polenta Roasted Seasonal Vegetables Red Wine Jus

• Duo of

Flourless Chocolate Cake Bittersweet Chocolate Cream, Toasted Rice Crunch, Amaretto Sauce

Warm Croissant English Toffee Bread Pudding Banana Ice Cream and Dried Banana Chip

Freshly Brewed Regular and Decaffeinated Coffees Assorted Harney and Sons Teas

WINES

Sauvignon Blanc, Kim Crawford; Marlborough, New Zealand Cabernet Sauvignon, Conn Creek; Napa Valley, California ASECA Congratulates the winners of the annual ASECA Awards

Brooklyn Law School Scholarships: • Margaret Corchado, Bronx, NY, intern, SEC Division of Enforcement (January-April 2012) • Tyler A. O’Reilly, Brooklyn, NY, intern, Asset Management Unit, SEC Division of Enforcement, New York Regional Office (Fall 2012)

Georgetown University Law Center Scholarship: • Charles Lee, Washington, DC, attorney-adviser, SEC Division of Corporation Finance; enrolled in LL.M program

Northwestern University School of Law Scholarship • Amanda Leese, Chicago, IL, summer honors legal intern, SEC Division of Corporation Finance (May-August 2012)

Southern Methodist University Dedman School of Law Scholarship • Michael R. Andrews, Dallas, TX

Stanford Law School Scholarship • Stefanie Shih

The George Washington University Accounting Scholarship in honor of Ernest Ten Eyck • Gabrielle Viscomi, Randolph, NJ

Writing Competition: • Michael Palmisciano, Boston College Law School, first place forGoing Dutch: The Effects of Domestic Restriction and Foreign Acceptance of Class Litigation on American Securities Fraud Plaintiffs (Published Boston College Law Review, November 2012) • Lisa Goldstein, George Mason University School of Law, second place for The Janus-Faced Supreme Court: The Decision in Janus Capital Group and Implications of the Court’s Third Look at Secondary Liability for Securities Fraud (Published 20 George Mason Law Review 311 (2012)) • Vladislava Soshkina, William and Mary School of Law, third place for Beyond Morrison: The Effect of the “Presumption against Extraterrito- riality” and the Transactional Test on Foreign Tender Offers (Published William and Mary Law Review, October 2012) SEC Staff Scholarships: • Jeri A. Abbott Legal Assistant Chicago Regional Office

• Tracey L. Allen Legal Technician Chicago Regional Office

• Patricia Banson Program Analyst Office of International Affairs

• Charlene Dudley Program Analyst Office of Compliance Inspections & Examinations

• Janet Hall Legal Assistant Chicago Regional Office

• LaTanya D. House-Simpson Program Support Assistant Division of Investment Management

• Sheila McCoy Administrative Assistant Office of Investor Education & Advocacy

• Alysia R. Morrow Research Specialist Freedom of Information and Privacy Act Office

• Jennifer L. Patterson Program Support Assistant Fort Worth Regional Office

• Vernita Rogers Legal Technician Chicago Regional Office Save the date!

The twenty-second annual aseca dinner and William O. Douglas Award presentation

will be held on Friday, February 21, 2014

in the Ronald Reagan Building and International Trade Center ASECA Salutes Past Winners of the William O. Douglas Award

1992 Irving M. Pollack

1994 Stanley Sporkin

1995 Kevin T. Duffy

1996 A.A. Sommer, Jr.

1997 Arthur F. Mathews

1998 Frank M. Wheat

1999 Stephen L. Hammerman

2000 Arthur Levitt

2001 Richard Phillips

2002 Alan B. Levenson

2003 Aulana L. Peters

2004 Theodore A. Levine

2005 Edward F. Greene

2006 Paul Gonson

2007 David S. Ruder

2008 Mary L. Schapiro

2009 Richard G. Ketchum

2010 William R. McLucas

2011 Harvey L. Pitt

2012 Daniel L. Goelzer ASECA Thanks the Sponsors of the Twenty-first Annual Dinner

Akin Gump Strauss Hauer & Feld Latham & Watkins LLP AlixPartners McDermott Will & Emery Allen & Overy Millennium Management Arnold & Porter LLP Morgan Lewis Baker Botts LLP Morrison & Foerster Bingham McCutchen LLP Murphy & McGonigle Center for Audit Quality NYSE Euronext Cleary Gottlieb O’Melveny & Myers LLP Covington & Burling LLP Paul Weiss Cravath, Swaine & Moore LLP Pepper Hamilton LLP Davis Polk & Wardwell LLP Perkins Coie Debevoise & Plimpton LLP PricewaterhouseCoopers LLP Dechert LLP Ropes & Gray LLP Deloitte Schiff Hardin LLP Duane Morris LLP Sidley Austin LLP Ernst & Young Simpson, Thacher & Bartlett FINRA Skadden, Arps, Slate, Meagher & Foley & Lardner LLP Flom LLP Fried, Frank, Harris, Shriver & Steptoe & Johnson LLP Jacobson LLP StoneTurn Group FTI Consulting Stradley Ronon Fulbright & Jaworski LLP Sutherland Asbill & Brennan LLP Gibson, Dunn & Crutcher LLP TIAA-CREF Investment Company Institute Vedder Price Jones Day Wachtell, Lipton, Rosen & Katz Kalorama Partners Weil Gotschal & Manges Kirkland & Ellis LLP Willkie Farr & Gallagher LLP K&L Gates LLP WilmerHale LLP KPMG Winston & Strawn LLP

bingham.com

Congratulations to Elisse B. Walter, 2013 recipient of the William O. Douglas Award.

—Your friends at Bingham The CAQ CongrATulATes

Elisse B. Walter

reCipienT of The WilliAm o. DouglAs AWArD

A prouD sponsor of The TWenTy-firsT AnnuAl AseCA Dinner

www.thecaq.org

Debevoise is pleased to support the Association of Securities and Exchange Commission Alumni

And we join in honoring Elisse B. Walter

New York Washington, D.C. London Paris Frankfurt Moscow Hong Kong Shanghai

www.debevoise.com Dechert congratulates The Honorable Elisse B. Walter Recipient of the 2013 William O. Douglas Award

dechert.com

Almaty • Austin • Beijing • Boston • Brussels • Charlotte • Chicago • Dubai • Dublin • Frankfurt • Hartford Hong Kong • London • Los Angeles • Luxembourg • Moscow • Munich • New York • Orange County • Paris Philadelphia • Princeton • San Francisco • Silicon Valley • Tbilisi • Washington, D.C.

Duane Morris is proud to support ASECA and joins in honoring Elisse B. Walter, the William O. Douglas Award recipient

DuAnE MorriS SEC AluMni: Howard Kristol, Laurence Lese, Marvin Pickholz and Richard Silfen

For more information, please contact: MArvin G. PiCkholz P: 212.692.1050 [email protected]

www.duanemorris.com

1045163 - 2013 AESCA charity ad- text turned to outlines.indd 1 1/29/2013 11:32:40 AM

A FITTING HONOR FOR A WONDERFUL PUBLIC OFFICIAL

We are delighted to join ASECA and the multitude of friends, admirers, current SEC colleagues, and SEC Alums in paying well-deserved tribute to SEC CHAIRMAN ELISSE WALTER the recipient of this year’s William O. Douglas Award.

A brilliant lawyer, creative and fair-minded regulator, beloved colleague, leader and friend, Elisse bestows honor, prestige, and distinction upon government and the nation’s ﬁ nancial services community.

Kalorama Partners, LLC Kalorama Legal Services, PLLC

Washington, D.C. ASECA Annual Dinner (4.5 x 7.5 PMS 295C)_Kirkland.pdf 2 1/29/2013 10:25:41 AM

www.kirkland.com

LW.com

Congratulations

Elisse B. Walter

Recipient of the 2013 William O. Douglas Award

Abu Dhabi Hong Kong Paris Barcelona Houston Riyadh* Beijing London Rome Boston Los Angeles San Diego Brussels Madrid San Francisco Chicago Milan Shanghai Doha Moscow Silicon Valley Dubai Munich Singapore Frankfurt New Jersey Tokyo Hamburg New York Washington, D.C. Orange County

* In association with the Law Office of Salman M. Al-Sudairi

“My creed is that public service must be more than doing a job efficiently and honestly. It must be a complete dedication to the people and to the nation with full recognition that every human being is entitled to courtesy and consideration, that constructive criticism is not only to be expected but sought, that smears are not only to be expected but fought, that honor is to be earned, not bought.” – Senator Margaret Chase Smith

Madame Chairman Walter, We are simply delighted to participate in honoring you for your career-long dedication to public service. Thank you.

The Millennium Management and Employees’ Foundation Izzy Englander Simon Lorne We are pleased to join ASECA in honoring Elisse B. Walter as the recipient of the 21st Annual William O. Douglas Award salute

John V. Ayanian Beth D. Kiesewetter Gail A. Pierce Lloyd H. Feller Rebecca Leon Robert M. Romano Mark D. Fitterman Christian J. Mixter Ignacio A. Sandoval Anne C. Flannery Richard F. Morris Alan Singer Linda L. Griggs Donald J. Myers David A. Sirignano Ivan P. Harris John F. X. Peloso E. Andrew Southerling John F. Hartigan Susan D. Resley George G. Yearsich morrison & Foerster is Proud to suPPort ASECA

We congratulate this year’s honoree, Elisse B. Walter

We are Morrison & Foerster—a global firm of exceptional credentials. Our clients include some of the largest financial institutions, investment banks, Fortune 100, technology and life science companies. We’ve been included on The American Lawyer’s A-List for nine straight years, and Fortune named us one of the “100 Best Companies to Work For.” Our lawyers are committed to achieving innovative and business-minded results for our clients, while preserving the differences that make us stronger.

Congratulates

Elisse B. Walter

Recipient of The William O. Douglas Award

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TWENTY-FIRST ANNUAL ASECA DINNER

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We are pleased to support the Association of Securities and Exchange Alumni, Inc. and salute the 2013 William O. Douglas Award honoree, Elisse B. Walter.

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Frank C. Razzano Joseph V. Del Raso Ivan B. Knauer Jay A. Dubow Ronald R. Jewell Christopher S. Miller Eric Kline

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For over 21 years, the ASECA has been providing opportunities for camaraderie among SEC alumni, education and growth of industry professionals, promoting study and and educating members. We are proud to support its eﬀorts and congratulate this year’s honoree, Elisse B. Walter. www.pwc.com

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�

Sidley Austin LLP is proud to sponsor

ASECA’s T w e n t y - ﬁ r s t Annual Dinner

and congratulates William O. Douglas Award Recipient

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Skadden, Arps, Slate, Meagher & Flom LLP

Skadden is pleased to support the

21st Annual ASECA Dinner and congratulates

SEC Chairman Elisse B. Walter recipient of the 2013 William O. Douglas Award

proudly supports

ASECA

Congratulations to our valued friend and colleague, and tonight’s distinguished recipient of the William O. Douglas Award

Elisse B. Walter

The 21sT AnnuAl AseCA Dinner February 22, 2013

New York Washington Paris London Milan Rome Frankfurt Brussels

www.willkie.com

Thank You Cecile Srodes ASECA Executive Director 2006 - 2013

for your tireless efforts on behalf of ASECA, for the professionalism you brought to our organization, and for the grace with which you carried out your work on behalf of SEC alumni.

From the ASECA Board of Directors with our deep appreciation on the occasion of your retirement, February 22, 2013 ASECA was founded in 1990 by U.S. Securities and Exchange Commission (“SEC”) alumni. ASECA was initially formed to continue the camaraderie that existed among ASECA members when they worked together at the SEC. Today its membership is nationwide and international. ASECA is a non-profit charitable organization whose stated mission is to provide the opportunity for education and growth of industry professionals; to promote study and research in the field of securities law; and to educate members on securities law by means of lectures, seminars and publications.