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SEC Guidance on Liability for Compliance and Legal Personnel 2014


Speaker(s): Kenneth J. Berman, Lee A. Schneider
Recorded on: Jan. 17, 2014
PLI Program #: 54888

Lee Schneider is a member of the firm’s Corporate Department and is based in the New York office. He is the head of the broker-dealer regulatory practice and a member of the Financial Institutions Group. He also focuses on financial technology issues. His practice includes the representation of both U.S. and non-U.S. broker-dealers, banks, private fund sponsors and financial services technology companies. He provides day-to-day counsel to these clients on a wide range of matters, including regulatory and enforcement issues, conduct of business questions and general corporate concerns. Mr. Schneider works with Debevoise transactional lawyers on structuring and negotiations when the deals involve financial services and technology companies. He regularly assists both financial services firms and their vendors in negotiating technology agreements for all types of services and considering the regulatory issues associated with such technologies. He also advises broker-dealers in the start-up phase of their existence, helping with their application for membership, initial structuring and development of policies and procedures. He speaks on and moderates panels discussing all areas of financial services and technology law, and is quoted frequently on these matters in publications including Bloomberg News, Law360 and the Securities Lending Times.

Prior to joining Debevoise, Mr. Schneider was General Counsel and a member of the Executive Committee at ConvergEx, a global technology firm specializing in proprietary software products and technology-driven execution services. Mr. Schneider previously served as the lead in-house counsel for broker-dealers at The Bank of New York, and prior to that worked as an associate for seven years, including as both a corporate and litigation associate at a leading international law firm.


Kenneth J. Berman is a partner with Debevoise & Plimpton LLP, and a member of the firm’s Investment Management and Financial Institutions Groups. His practice focuses on investment management regulatory issues and related corporate and securities law matters. Prior to joining Debevoise, Ken was Associate Director of the SEC’s Division of Investment Management. He is a member of the American Bar Association (Subcommittee on Investment Companies and Investment Advisers, Subcommittee on Private Investment Entities), the District of Columbia Bar and the New York City Bar Association (Investment Management Regulation Committee). Ken was the co-editor of International Survey of Investment Adviser Regulation (3rd ed.).  He is an adjunct professor of law in Georgetown University’s LLM program.  He received his J.D. from the University of Chicago Law School, where he was a member of the Law Review; he received his B.A. from Dickinson College.