Partner, Simpson Thacher
Based in Washington, D.C. office, David Blass is a Partner in the Firm’s Investment Funds Practice. David is a leading regulatory lawyer in the funds industry and has advised on matters involving innovative registered funds products, Investment Advisers Act compliance, SEC examination and enforcement matters, and broker-dealer regulatory compliance. He is uniquely qualified to provide strategic and regulatory advice on matters involving asset management firms and broker-dealers.
David has extensive knowledge of the regulatory requirements of the asset management industry having served as General Counsel of the Investment Company Institute, the trade association for registered investment funds. He also held senior roles for over a decade at the U.S. Securities and Exchange Commission, most recently as Chief Counsel and Associate Director in the Division of Trading and Markets, where he oversaw broker-dealer regulation and large aspects of FINRA’s regulatory program. David was the Associate General Counsel for the SEC where he was responsible for Dodd-Frank Act implementation, among many other programmatic areas. He also held a senior role in the SEC’s Division of Investment Management, leading the office regulating registered investment advisers, including advisers to private funds.
Chambers Global reports that clients say he is an “excellent regulatory lawyer” who is both “very knowledgeable and easy to work with.” David was notably named “Independent Counsel of the Year” by Fund Intelligence’s Mutual Fund Industry & ETF Awards in 2021.
CEO, Institutional Limited Partners Association
As Acting CEO for the Institutional Limited Partners Association (ILPA), Jennifer Choi directs the association's engagement with external industry stakeholders to inform and enhance ILPA's education, research, membership and advocacy platforms. Ms. Choi also leads the implementation of ILPA's responses to emerging issues impacting the asset class, including efforts to establish and promote industry best practices.
Prior to joining the ILPA, Ms. Choi served as Vice President of Industry and External Affairs for the Emerging Markets Private Equity Association (EMPEA), where she led the association's member and industry engagement activities, including efforts to encourage policy frameworks that support the growth of the asset class. As EMPEA's Research Director, she built the industry's first global database of private equity activity in the emerging markets. A frequent speaker and commentator on the industry, Ms. Choi also oversaw the association's media communications and global institutional partnerships. Previously, Ms. Choi was a consultant with Boston-based Stax Inc., leading due diligence engagements and providing advisory services for the U.S. private equity and venture capital industry.
Jennifer holds a Masters in Law and Diplomacy from the Fletcher School at Tufts University and a B.A. summa cum laude in Economics and Political Science from Augustana College.
Managing Director and Associate General Counsel, Head of Asset Management Group, Securities Industry and Financial Markets Association (SIFMA)
Ms. Keljo is Managing Director, Associate General Counsel and Head of Asset Management Group for SIFMA, where she serves as counsel and staff for many of AMG’s workstreams. In particular, Ms. Keljo focuses on systemic risk & prudential regulation for asset managers, fixed income market structure, and ETF regulation. She also focuses on the U.S. impact of many European regulations, including the cross-border implications of Brexit, MiFID II, PRIIPs, and sustainable finance/ESG initiatives.
Ms. Keljo joined SIFMA AMG in October 2014 from Squire Patton Boggs, where she advised financial institutions, corporations, and asset managers on a wide range of financial services legislative and regulatory developments.
Ms. Keljo has extensive experience representing asset managers before Congress, the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), the U.S. Treasury Department, and other regulatory agencies that promulgate and implement financial regulation. Ms. Keljo began her career working for a major political party as a campaign manager based primarily in northwest Pennsylvania.
Ms. Keljo is a graduate of the University of Michigan Law School and Mercyhurst College.
Senior Litigation Counsel, New Civil Liberties Alliance (NCLA)
Russ Ryan is a nationally recognized attorney and thought leader with particular interest in the regulatory and enforcement apparatus of the Securities and Exchange Commission (SEC) and other quasi-governmental regulators overseen by the SEC, including the Public Company Accounting Oversight Board (PCAOB), the Financial Industry Regulatory Authority (FINRA), and the various securities industry self-regulatory organizations (SROs). He has decades of experience defending private citizens and businesses caught in the crosshairs of these and other financial regulators.
Russ joined NCLA from the law firm King & Spalding, where he was a partner for 15 years. He left the firm from 2015 to 2018 to serve as Senior Vice President and Deputy Chief of Enforcement at FINRA. Earlier in his career he served for two years as law clerk to a federal judge in the Eastern District of New York and for 10 years as a staff attorney and Assistant Director in the SEC’s Division of Enforcement. He also taught for several semesters as an adjunct professor at the Antonin Scalia Law School at George Mason University.
Russ is a prolific speaker and writer on financial regulation and enforcement. He has spoken at dozens of professional conferences and published scores of commentaries and academic articles, including numerous op-eds in The Wall Street Journal, The Washington Post, Bloomberg, Law360, and elsewhere. His regular column on LinkedIn is called “On SECond Thought: Unconventional Perspectives on Securities Enforcement.”
Russ earned his undergraduate degree from Boston College and his law degree from St. John’s University School of Law, where he was an executive editor of the law review.
Chairman of the Securities and Exchange Commission
Paul S. Atkins was sworn into office as the 34th Chairman of the Securities and Exchange Commission on April 21, 2025, after being nominated by President Donald J. Trump on January 20, 2025, and confirmed by the U.S. Senate on April 9, 2025.
Prior to returning to the SEC, Chairman Atkins was most recently chief executive of Patomak Global Partners, a company he founded in 2009. Chairman Atkins helped lead efforts to develop best practices for the digital asset sector. He served as an independent director and non-executive chairman of the board of BATS Global Markets, Inc. from 2012 to 2015.
Chairman Atkins was appointed by President George W. Bush to serve as a Commissioner of the SEC from 2002 to 2008. During his tenure, he advocated for transparency, consistency, and the use of cost-benefit analysis at the agency. Chairman Atkins also represented the SEC at meetings of the President’s Working Group on Financial Markets and the U.S.-EU Transatlantic Economic Council. From 2009 to 2010, he was appointed a member of the Congressional Oversight Panel for the Troubled Asset Relief Program.
Before serving as an SEC Commissioner, Chairman Atkins was a consultant on securities and investment management industry matters, especially regarding issues of strategy, regulatory compliance, risk management, new product development, and organizational control.
From 1990 to 1994, Chairman Atkins served on the staff of two chairmen of the SEC, Richard C. Breeden and Arthur Levitt, ultimately as chief of staff and counselor, respectively. He received the SEC’s 1992 Law and Policy Award for work regarding corporate governance matters.
Chairman Atkins began his career as a lawyer in New York, focusing on a wide range of corporate transactions for U.S. and foreign clients, including public and private securities offerings and mergers and acquisitions. He was resident for 2½ years in his firm's Paris office and admitted as conseil juridique in France.
A member of the New York and Florida bars, Chairman Atkins received his J.D. from Vanderbilt University School of Law in 1983 and was Senior Student Writing Editor of the Vanderbilt Law Review. He received his A.B., Phi Beta Kappa, from Wofford College in 1980.
Originally from Lillington, North Carolina, Chairman Atkins grew up in Tampa, Florida. He and his wife Sarah have three sons.
Assistant Attorney General, Office of Legal Counsel, U.S. Department of Justice
T. Elliot Gaiser is the Office of Legal Counsel’s 27th Assistant Attorney General. He was nominated by President Donald Trump on April 29, 2025, confirmed by the United States Senate on July 30, 2025, and sworn in as AAG by Attorney General Pam Bondi on August 4, 2025.
Prior to joining the Office of Legal Counsel, Mr. Gaiser served as the 11th Solicitor General of Ohio. In that role, he represented his home state and its agencies before the Supreme Court of the United States, the United States Court of Appeals for the Sixth Circuit, the Supreme Court of Ohio, and other state and federal courts. He also advised Ohio Attorney General Dave Yost on significant legal and constitutional matters important to the people of Ohio.
Mr. Gaiser clerked for Justice Samuel A. Alito, Jr. of the Supreme Court of the United States, Judge Neomi Rao of the United States Court of Appeals for the D.C. Circuit, and Judge Edith H. Jones of the United States Court of Appeals for the Fifth Circuit. In the private sector, Mr. Gaiser worked at the law firms Jones Day, Boyden Gray, and Gibson Dunn. He graduated from the University of Chicago Law School and Hillsdale College. He is also a husband and father.
Partner, O'Melveny & Myers LLP
Gregory Jacob is a partner in O’Melveny’s Washington, D.C. office. Greg Jacob represents financial services companies including banks, investment managers, health care payors, and insurers, as well as other employers, in class action and other litigation concerning ERISA and other labor and employment matters. A former Solicitor of Labor, Greg has extensive knowledge on a wide variety of labor and employment issues including ERISA, FLSA, OFCCP, and whistleblower law. He regularly litigates in federal courts throughout the country, defends clients against Department of Labor investigations, and provides counseling to plans and plan sponsors.
Prior to rejoining O’Melveny in 2021, Greg served as Counsel to Vice President Pence and Deputy Assistant to the President. He directly advised the Vice President on all legal issues relating to the Office of the Vice President, and advised the White House Coronavirus Task Force concerning the Defense Production Act and other legal issues related to bolstering the domestic supply chain.
Managing Partner, Rose Legal Advisory PLLC
Sharon is an experienced regulatory counsel and advocate in enforcement and litigation matters. She regularly represents corporations and individuals in investigations and proceedings before federal and state regulatory agencies and in related litigation, including the Department of Labor, Department of Justice, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Equal Employment Opportunity Commission, and the Federal Energy Regulatory Commission. She has extensive experience advising clients on issues related to compliance with the federal securities and commodities laws and other laws and regulations that impact corporate entities, including federal contractor obligations, the Employee Retirement Income Security Act (ERISA), the False Claims Act (FCA), the Foreign Corrupt Practices Act (FCPA), and federal and state employment laws. She has represented clients worldwide in matters involving alleged fraud, market manipulation, disruptive trading practices, insider trading, accounting and internal controls irregularities, and other financial and trading issues. In addition to matters before the federal government, she represents clients in enforcement proceedings and other inquiries by state regulatory agencies, regulated exchanges, the Financial Industry Regulatory Authority (FINRA), and foreign government agencies.
Sharon previously served as Senior Counsel in the Office of the Solicitor at the Department of Labor, where she advised the Office of the Secretary and Department agencies on a variety of regulatory, enforcement, and litigation matters. She was integrally involved in several key rulemakings and litigation actions within the Employee Benefits Security Administration (EBSA) and the Office of Federal Contract Compliance Programs (OFCCP), including those concerning fiduciary investment advice, ESG investing, proxy voting, QPAM exemptions, health and welfare benefit plans, and important reforms to OFCCP’s procedures for non-discrimination enforcement actions. She routinely liaised with DOJ and other executive branch departments on joint litigation matters and amicus briefs requested by the Supreme Court addressing first amendment and ERISA issues.
Prior to entering government service, Sharon practiced in the Washington, D.C. and Singapore offices of an international law firm. She subsequently co-founded a litigation boutique firm representing plaintiffs and defendants in government enforcement and litigation matters and merged the practice into Berliner Corcoran & Rowe in 2022. Sharon is a summa cum laude graduate of Westmont College, earned her M.B.A. at the Claremont Graduate University—Drucker School of Management, and earned her law degree from the University of California, Davis, where she was an editor of the U.C. Davis Law Review and the U.C. Davis Business Law Journal. In her personal time, Sharon devotes time to several nonprofit organizations, including serving on the Board of Trustees of a private liberal arts college.
Founder, Paredes Strategies LLC
Troy A. Paredes is the founder of Paredes Strategies LLC. From 2008-2013, Mr. Paredes was a Commissioner of the U.S. Securities and Exchange Commission, having been appointed by President George W. Bush. At the SEC, Mr. Paredes was a strong advocate for small business and the JOBS Act, for solving the information overload problem of securities law disclosure, and for rigorous cost-benefit analysis. He also consistently expressed concerns about the overregulation and overreach of the Dodd-Frank Act. Since leaving government, Mr. Paredes has had an active consulting practice. Mr. Paredes advises on financial regulation, corporate governance, compliance, and governmental and regulatory affairs. He also serves as an expert and adviser in regulatory enforcement investigations and actions and in private litigation involving securities law and corporate law, and he has been an independent compliance consultant/monitor. Before becoming an SEC Commissioner, Mr. Paredes was a professor of law at Washington University in St. Louis and a professor of business (by courtesy) at Washington University’s Olin Business School. Currently, he is the Distinguished Policy Fellow and Lecturer at the University of Pennsylvania Law School and a Lecturer on Law at Harvard Law School. Next year he will be a Distinguished Scholar in Residence at NYU School of Law. Mr. Paredes is the author of numerous academic articles on financial regulation, corporate governance, innovation, and behavioral economics. He also is a co-author (beginning with the 4th edition) of a multi-volume securities regulation treatise with Louis Loss and Joel Seligman entitled Securities Regulation. Mr. Paredes serves on the board of directors of Electronifie Inc. and is a member of the board of advisors of StreetShares, Inc. Mr. Paredes holds a bachelor’s degree in economics from UC Berkeley and earned his J.D. from Yale Law School.
Professor of Law, University of Baltimore School of Law (on leave); Senior Counsel, U.S. Department of Justice
Professor Dolin’s scholarship centers on patent law with a specific focus on how the patent regime affects innovation, especially in bio-pharmaceutical areas. His work in these areas includes a number of scholarly articles, presentations, amicus briefs, and congressional testimony.
Dr. Dolin is currently on leave from his academic duties while he serves as Senior Counsel in the Civil Rights Division of the United States Department of Justice.
From January 2020 to January 2022, Professor Dolin served as a resident Associate Justice of the Supreme Court of the Republic of Palau. In this role, he (together with other members of the Court) heard appeals in civil, criminal, administrative, and constitutional law matters.
Prior to joining the University of Baltimore School of Law, Professor Dolin held visiting appointments in other law schools. He also served as a law clerk to the Hon. Pauline Newman, of the U.S. Court of Appeals for the Federal Circuit and the late Hon. H. Emory Widener Jr., of the U.S. Court of Appeals for the Fourth Circuit.
Rumors that he has a real Russian bear in his office are entirely true.
Partner, Wiley Rein LLP
Kevin Muhlendorf’s practice focuses on securities fraud, defense procurement fraud, and Foreign Corrupt Practices Act (FCPA) matters. As a former Assistant Chief in the Fraud Section of the Criminal Division of the U.S. Department of Justice (DOJ) and Senior Counsel in the Enforcement Division of the U.S. Securities and Exchange Commission (SEC), Kevin has firsthand knowledge and insight into government operations and processes. He relies on his prosecutorial experience to develop thoughtful investigative and trial strategies.
Former Managing Director, BlackRock Inc.
Joanne Medero was until July 2020 a Managing Director at BlackRock where she was member of their Global Public Policy Group and a Senior Advisor to the Vice Chairman on the intersection of public policy and corporate governance. In June 2021, Ms. Medero was appointed a director/trustee of the Nuveen Funds.
Ms. Medero's service with BlackRock dates back to 1996, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. She joined BGI as its Global General Counsel in 1996 and after more than ten years in that role, became the global head of Government Relations and Public Policy for Barclays’ investment banking and investment management businesses. Prior to joining BGI, Ms. Medero was a partner with Orrick, Herrington and Sutcliffe specializing in derivatives and market regulation issues. Ms. Medero also served as general counsel of the Commodity Futures Trading Commission (1989-1993) and as an associate director for legal and financial affairs at the Office of Presidential Personnel, The White House (1986-1989).
Ms. Medero is a graduate of St. Lawrence University and received her JD from George Washington University.
President and General Counsel, New Civil Liberties Alliance
NCLA’s President and General Counsel, Mark Chenoweth, has observed the administrative state up close and personal from perches in all four branches of the federal government. Mark served as the first chief of staff to Congressman Mike Pompeo, as legal counsel to Commissioner Anne Northup at the U.S. Consumer Product Safety Commission, as an attorney advisor in the Office of Legal Policy at the U.S. Department of Justice, and as a law clerk to the Hon. Danny J. Boggs on the U.S. Court of Appeals for the Sixth Circuit.
Mark has worked in several different roles in the private sector as well. He began his legal career in D.C. as a regulatory associate at Wilmer, Cutler & Pickering. He then returned to his home state of Kansas to serve as in-house counsel for Koch Industries. Most recently he spent over four years as general counsel of the Washington Legal Foundation.
Mark is a graduate of Yale College and the University of Chicago Law School, where he co-founded the Institute for Justice Clinic on Entrepreneurship and became a Tony Patiño Fellow. Mark has been widely quoted and/or published in newspapers and websites including the New York Times, San Francisco Chronicle, New Hampshire Union Leader, and Metropolitan Corporate Counsel. He has also had recurring op-eds in the Los Angeles Daily Journal, and at Forbes.com.
Dr. John Eastman is the former Henry Salvatori Professor of Law & Community Service and former Dean at Chapman University's Dale E. Fowler School of Law, where he had been a member of the faculty since 1999, specializing in Constitutional Law, Legal History, and Property. He is a founding director of the Center for Constitutional Jurisprudence, a public interest law firm affiliated with the Claremont Institute that he founded in 1999. He has a Ph.D. in Government from the Claremont Graduate School and a J.D. from the University of Chicago Law School, and a B.A. in Politics and Economics from the University of Dallas. He serves as the Chairman of the Board of the National Organization for Marriage.
Prior to joining the Chapman law faculty, Dr. Eastman served as a law clerk to the Honorable Clarence Thomas, Associate Justice, Supreme Court of the United States, and to the Honorable J. Michael Luttig, Judge, United States Court of Appeals for the Fourth Circuit and practiced law with the national law firm of Kirkland & Ellis. Dr. Eastman has also represented numerous clients in important constitutional law matters and has argued before the Supreme Court. On behalf of the Claremont Institute Center for Constitutional Jurisprudence, he has participated as amicus curiae before the Supreme Court of the United States, U.S. Courts of Appeals, and State Supreme Courts in more than one hundred cases of constitutional significance, including Boy Scouts of America v. Dale, Zelman v. Simmons-Harris (the school vouchers case), Kelo v. New London, Ct. (eminent domain), and Van Orden v. Perry (the 10 Commandments case). He has also appeared as an expert legal commentator on numerous television and radio programs, including C-SPAN, Fox News, PBS, NewsHour, and The O'Reilly Factor.
Professor of Law, University of Baltimore School of Law (on leave); Senior Counsel, U.S. Department of Justice
Professor Dolin’s scholarship centers on patent law with a specific focus on how the patent regime affects innovation, especially in bio-pharmaceutical areas. His work in these areas includes a number of scholarly articles, presentations, amicus briefs, and congressional testimony.
Dr. Dolin is currently on leave from his academic duties while he serves as Senior Counsel in the Civil Rights Division of the United States Department of Justice.
From January 2020 to January 2022, Professor Dolin served as a resident Associate Justice of the Supreme Court of the Republic of Palau. In this role, he (together with other members of the Court) heard appeals in civil, criminal, administrative, and constitutional law matters.
Prior to joining the University of Baltimore School of Law, Professor Dolin held visiting appointments in other law schools. He also served as a law clerk to the Hon. Pauline Newman, of the U.S. Court of Appeals for the Federal Circuit and the late Hon. H. Emory Widener Jr., of the U.S. Court of Appeals for the Fourth Circuit.
Rumors that he has a real Russian bear in his office are entirely true.
Partner, Wiley Rein LLP
Kevin Muhlendorf’s practice focuses on securities fraud, defense procurement fraud, and Foreign Corrupt Practices Act (FCPA) matters. As a former Assistant Chief in the Fraud Section of the Criminal Division of the U.S. Department of Justice (DOJ) and Senior Counsel in the Enforcement Division of the U.S. Securities and Exchange Commission (SEC), Kevin has firsthand knowledge and insight into government operations and processes. He relies on his prosecutorial experience to develop thoughtful investigative and trial strategies.
Understanding the Regulatory Landscape for Private Fund Advisers
David W. Blass, Jennifer Choi, Lindsey Keljo, Russ Ryan
The regulatory landscape for Private Funds has changed dramatically over the past decade, culminating in...
Utah v. Su: Are DOL (and SEC) regulations that encourage ESG investing lawful?
Paul S. Atkins, T. Elliot Gaiser, Gregory Frederick Jacob, Sharon A. Rose
The panelists will discuss Biden Administration policies and regulations at the DOL and SEC addressing...
Topics
Can the SEC Regulate Proxy Advice as Proxy “Solicitation?”
Public companies decry what they see as the outsized influence of proxy advisory firms on...
From Orange Groves to Cryptocurrency: How Will the SEC Apply Longstanding Tests to New Technologies?
Troy Paredes, Scott Kimpel
Note from the Editor: The Federalist Society takes no positions on particular legal and public...
Courthouse Steps: Lucia v. SEC Decided
Litigation and Federalism & Separation of Powers Practice Group Teleforum
TeleforumCourthouse Steps: Lucia v. SEC
Gregory Dolin, Kevin B. Muhlendorf
In Lucia v. SEC, the SEC fined the petitioner Raymond J. Lucia $300,000 and barred...
Courthouse Steps: Lucia v. SEC
Administrative Law and Regulation and Litigation Practice Group Teleforum
TeleforumTopics
3rd Circuit Expands Definition of "Investment Advisor"
The defendant appealed claiming that he did not meet the statutory definition of an "investment...
SEC Proposes Prohibitions on "Pay to Play" for Investment Advisors
Joanne Medero
In August the Securities and Exchange Commission proposed a new Rule under the Investment Advisors...