Discussion of Personal Liability in Connection with Recent SEC Actions and Indications
DAN GALLAGHER, President, Patomak Global Partners, LLC
NEIL KRAUTER, Chairman & CEO, Krauter & Company
DAN GALLAGHER, President, Patomak Global Partners, LLC-
(SEC Commissioner Nov. 2011-Oct. 2015)
Dan is well known for taking issue with the SEC’s approach to violations of Rule 260(4)-7 by chief compliance officers. Dan will discuss the SEC’s approach to enforcement actions alleging violations of the Investment Advisers Act by chief compliance officers and other similar personnel within investment management firms.
During his tenure with the SEC Dan focused on initiatives aimed at strengthening the capital markets and encouraging small business capital formation. As a Commissioner, Dan assailed the creeping federalization of corporate governance matters and the concerted efforts of special interest groups to manipulate the SEC’s disclosure regime to advance their political agendas. He also was instrumental in highlighting the shortcomings of the Dodd-Frank Act and the encroachment of bank regulatory measures and prudential regulators into the capital markets. He is a leading media commentator, lecturer, and author on matters related to capital markets regulation, and he has been recognized by the National Association of Corporate Directors as one of the 100 most influential individuals in the corporate governance community. Mr. Gallagher also serves as a Non-Executive Director of the Irish Stock Exchange, and is on the Advisory Board of the Drexel LeBow Center for Corporate Governance and a policy fellow at the American Conservative Union.
NEIL KRAUTER, Chairman and CEO, Krauter & Company
Neil will discuss utilizing insurance to protect officers and employees from personal liability associated with enforcement actions, fines and penalties by the SEC directly against the CEO, CFO, CCO, GC or other employee or officer.
Neil is founder of Krauter & Company, an insurance broker representing, among others, more than 150 investment management firms and their portfolio companies. His background includes management of elite teams of over 100 M&A insurance experts as AON’s leading specialist in providing services to the M&A industry. He served as AON’s SVP (1988), EVP, (1991) and Vice Chairman of AON New York (1994) & was appointed Worldwide Practice Leader of the AON M&A Group. Neil is currently or recently has been on the Board of Directors as well as the Investment Committee of Reserve Capital Partners, the Advisory Board of Mountainside Hospital, Private Equity Risk Consulting, Arsenal Capital Partners, Private Equity CFO Association, Dukes Place Holdings, Winchester Advisors, and Breckenridge Insurance. In addition, he is the founder and CEO of the Private Equity Principal Group (PEPG) the industry resource to train the next generation of deal makers and partners.