Mary has advised broker-dealers and represented them in SEC and FINRA examinations, investigations, and enforcement actions in the following areas:
- Trading issues involving equities, options, fixed income, exchange-traded funds (ETFs), and other products
- Regulation SHO
- Broker-dealer and alternative trading system registration
- Distribution of mutual funds, unit investment trusts, ETFs, and variable annuities
- Mobile trading applications for retail investors
- Supervisory controls and compliance programs, including annual reviews, internal inspections, CEO certifications, and self-reporting
- Anti-money laundering compliance programs
- Electronic communications supervision and retention
- Fingerprinting and registration issues, including Form U4 and U5 filing requirements
- Customer documentation and clearing agreements
- Operational issues, including prospectus delivery and electronic blue sheets
- SEC net capital and customer protection rules and interpretations
- Retail suitability and sales practices issues, including variable annuities and structured and complex products, such as leveraged and inverse ETFs and non-traded REITs
- Senior investor issues, including the reporting of vulnerable adult exploitation to governmental entities and asset holds
- Cryptocurrencies and cryptoassets
- Research report disclosures
- Customer complaint reporting
Mary has advised stock exchanges concerning rule filings, product listings, registration and ownership changes and other compliance issues. She also has represented exchanges in enforcement matters.