2011-12 Institute for Compliance Events

Fall 2011 IIT Chicago-Kent Speakers Series
on Compliance in Financial Institutions

Leading experts in the field explore some of the most timely and pressing issues regarding the regulation of financial markets and the role of the compliance function.

Attendance is free; no reservation required.
This series eligible for IL MCLE credit

Monday, September 19, 6–7 p.m.

"Lawyers' Roles in the Financial Crisis: Lessons Learned"

Sheldon Goldfarb

General Counsel, RBS Americas
Chief Legal Officer, Citizens Financial Group

 Lessons Learned

Sheldon Goldfarb (left) with Professor Felice Batlan at Lawyers' Roles in the Financial Crisis: Lessons Learned

Sheldon Goldfarb is the Americas general counsel for RBS. He provides strategic leadership to the management of legal risk and manages an integrated legal function of 70+ lawyers for RBS in the Americas.

Prior to assuming his current position, Mr. Goldfarb was managing director and general counsel of RBS Greenwich Capital, a position he had held since 1994. There he built its Legal, Compliance, Government Relations and Corporate Communications functions. Before joining RBS Greenwich Capital, Mr. Goldfarb was vice president and deputy general counsel of Goldman Sachs & Co. from 1989 to 1994, and a partner in the law firm of Fulbright & Jaworski (formerly Reavis & McGrath) from 1981 to 1989. He began his career in the Division of Enforcement of the Securities and Exchange Commission (1977-1981).

Mr. Goldfarb is active in a variety of industry groups and is a frequent speaker at industry-wide conferences. He sits on the managing board of The Clearing House Association; is past chairman of the Securities Industry and Financial Markets Association's (SIFMA) General Counsels Committee; and served on the executive committee and as treasurer of SIFMA's Compliance and Legal Division. He is a past president of the SEC Alumni Association and member of the board of trustees of the SEC Historical Society.

Mr. Goldfarb earned his B.A. from Binghamton University in 1973 and a J.D. cum laude from Syracuse University College of Law in 1977.

Monday, October 10, 6–7:30 p.m.

"Compliance Roundtable: Hot Issues in Financial Institutions"

Kathleen Cronin

Managing Director and General Counsel, CME Group

Kathleen Cronin has served as managing director, general counsel & corporate secretary of CME Group since July 2007. She is responsible for leading the company's Legal, Market Regulation, Internal Audit, Corporate Secretary and Membership Services functions. Previously, she served as managing director, general counsel & corporate secretary of CME Holdings and CME since 2003.

Ms. Cronin has advised CME Group on all legal matters since joining the company in November 2002. She was an integral part of CME's efforts to complete its IPO in December 2002 and its secondary offering in June 2003. She also played a key role in the company's acquisition of CBOT Holdings Inc. in 2007 and the acquisition of NYMEX Holdings Inc. in 2008. Additionally, she has been instrumental in advancing CME Group's regulatory agenda.

Before joining the CME Group, Ms. Cronin served as Corporate Counsel for Skadden, Arps, Slate, Meagher & Flom LLP, where for 11 years she advised clients in connection with public and private securities offerings, mergers and acquisitions and general corporate matters. She also served as chief counsel/corporate finance for Sara Lee Corp. from 1995 to 1997, where she advised the company's senior management on domestic and international acquisitions, divestitures, joint ventures, financing activities, credit facilities, public debt offerings and internal restructurings.

Ms. Cronin earned a bachelor's degree in psychology, summa cum laude, from Boston College in 1985 and a JD degree, cum laude, from Northwestern University School of Law in 1989.

Richard Reibman

Member, Dykema Gossett

Richard Reibman is an attorney at Dykema Gossett in Chicago. His practice is concentrated within the areas of commodity futures regulation, broker-dealer regulation, investment management, and creditors' rights and bankruptcy law. His practice as a commodity futures lawyer includes representation of futures commission merchants, proprietary trading groups, introducing brokers, trade execution firms, commodity trading advisors, commodity pool operators and exchange members. On the security side, Mr. Reibman advises broker-dealers, investment advisors, hedge fund managers and individual registrants. He has successfully represented clients on numerous occasions before the NFA, FINRA, CFTC, SEC, and various futures and securities exchanges. Mr. Reibman represents registered and unregistered fund managers in the formation and operation of private investment funds concentrating in the trading of securities, futures, options and related cash products.

Mr. Reibman's creditors' rights and insolvency practice includes the representation of banks and other secured creditors, trade creditors, debtors, bankruptcy trustees, assignees, and landlords in a wide variety of issues, both in and out of bankruptcy court, including loan workouts and restructurings, Chapter 11 reorganization, Chapter 7 liquidations, and assignments for the benefit of creditors. On numerous occasions, he has handled the prosecution or defense of avoidance actions, such as those involving fraudulent transfers and preferential transfers.

Since 1995, Mr. Reibman has been an active member of the adjunct faculty of IIT Chicago-Kent College of Law, where he regularly teaches courses in financial services regulation and in creditors' rights and bankruptcy law. He was formerly the law clerk for the Honorable Marvin E. Aspen and served as assistant editor of the Police Law Quarterly.

Jeffrey Reitman

Senior Vice President, Associate General Counsel and former Head of Global Compliance, J.P. Morgan Chase

Jeffrey Reitman served as head of global compliance for J. P. Morgan Chase & Co. from August 2003 through December, 2010, and is presently the senior advisor to the Legal & Compliance Department. He was form the senior vice president and associate general counsel of J. P. Morgan Chase & Co for the Southwest Region and general counsel to its predecessor bank, Texas Commerce Bank, N.A., where he was the general counsel from October 1993 until August 2003. He was senior vice president and associate general counsel in the Legal Department of Chemical Bank, New York, from 1971 until 1993 and an associate with the law firm of Berg Becker Moinister & Dillon from 1969 until 1970.

Mr. Reitman co-authored, with Harold Weisblatt, Checks, Drafts and Notes (Matthew Bender & Co. 1982). He graduated from Ohio State University (BSBA 1966) and the University of Louisville School of Law (JD 1969). He is a member of the New York and Texas Bars.

Robert Scales

General Counsel and Chief Compliance Officer, Columbia Acorn Trust

Robert Scales is general counsel and chief compliance officer of the Acorn Funds, a $30 billion family of mutual funds. He graduated from the University of Illinois, and afterward went to law school at Lewis and Clark College of Law in Portland, Oregon. He has practiced law in Chicago for 30 years, first at the Securities and Exchange Commission, and later at a law firm. He served as head of compliance for the Chicago Mercantile Exchange, and then as regional counsel for a brokerage house. In addition to his law practice, he taught legal writing at IIT Chicago-Kent College of Law, and is a frequent speaker at fund industry conferences.

Monday, November 7, 6–7 p.m.

"The Making of Dodd-Frank"

Amy S. Friend

Managing Director, Promontory Financial Group

Amy S. Friend joined the Senate a at scary time in U.S. economic history. Within her first year on the Senate Banking, Housing and Urban Affairs Committee, she counseled members on legislation that would lead to the bailout of America's top financial firms.

Working as chief counsel, Ms. Friend advised senators on the legalities of new policy. She helped construct the Troubled Asset Relief Program (TARP) and impacted the financial regulation reform bill that passed committee in March 2010.

Ms. Friend is a Capitol Hill veteran who has worked on the staffs of Sen. Charles E. Schumer (D-N.Y.) and Rep. Rosa Delauro (D-Conn.). For the ten years prior to joining the Banking Committee, she served as an associate counsel at the Office of the Comptroller of the Currency (OCC). Her tenure at the OCC coincided with two comptrollers, one appointed by William J. Clinton (D) and the other appointed by George W. Bush (R).

In January 2011, after the retirement of former boss Chris Dodd (D-Conn.), Ms. Friend departed the Hill to become managing director of Promontory Financial Group, which advises clients on the Dodd-Frank financial-regulatory bill that she helped enact.

Edward Silverman

Senior Vice President and Head of Government Relations, TD Bank;
Former Staff Director for the Senate Committee on Banking, Housing, and Urban Affairs

Edward Silverman is senior vice president and head of government relations of TD Bank. In this role, he is responsible for formulating and executing strategy on both the state and national levels concerning U.S. and government relations. Mr. Silverman provides expert guidance and counsel to business leaders and other key internal partners with respect to government affairs activities, including the development and execution of strategies and tactics to achieve business objectives.

Prior to coming to TD Bank, Ed was the staff director for the Senate Committee on Banking, Housing, and Urban Affairs; worked for RBS Americas as head of public policy, and as managing director and head of public policy for RBS Greenwich Capital; served under Senator Dodd as his chief of staff, legislative director, and banking counsel; and was deputy assistant secretary for legislation and intergovernmental relations for the Department of Housing and Urban Development.

Mr. Silverman earned his Bachelor of Arts in urban affairs at George Washington University. He currently resides in Alexandria, Virginia.