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.