Andrew M. Klein

Partner

Andrew M. Klein counsels securities exchanges, broker-dealer firms engaged in various segments of the securities industry, investment advisers, money managers, hedge funds, and publicly owned companies on a broad range of compliance and regulatory issues arising under the federal securities laws, the rules of the Securities and Exchange Commission (SEC), the New York Stock Exchange (NYSE), NASD Inc., and other self-regulatory organizations in various contexts, including in connection with formal and informal enforcement investigations and inspections.

His clients have included:

• Securities exchanges
• Alternative trading systems and electronic communications networks
• Major broker-dealer firms in connection with proprietary trading and derivative instruments (including transactions with issuers of securities and their associated persons)
• Specialists and market makers
• Money managers and investment advisers
• Publicly owned companies in connection with transactions in their own securities

Publications

"Rule 15a-6: Safe Harbor for Unregistered Foreign Broker Dealers," ALI/ABA Course of Study: Broker-Dealer Regulation, Washington, D.C. (January 8-9, 2004)

"A Primer on SEC Rule 10B5-1: Affirmative Defenses for Insider Trading," (November 10, 2003)

Speeches and Presentations

A regular speaker at continuing legal education seminars, Mr. Klein's presentations include:

"SEC Interpretive Advice Concerning Section 28(e) of the Securities Exchange Act of 1934," (Panelist) Panel: "Trading Practices Issues," ALI/ABA Broker-Dealer Regulation  Conference (January 11, 2007)

"Rule 15a-6: Safe Harbor for Unregistered Foreign Broker Dealers," ALI/ABA Course of Study: Broker-Dealer Regulation, Washington, D.C. (January 8-9, 2004)

Previous Experience

Prior to joining Schiff Hardin, Mr. Klein served as a member of the staff of the Securities and Exchange Commission's Division of Market Regulation (now the Division of Trading and Markets) from 1973 to 1979 in increasingly responsible positions, including as Director of the Division from 1977 to 1979.

While on the Commission's staff, Mr. Klein played a major role in fashioning the Securities Acts Amendments of 1975, formulating SEC policy and rules concerning facilitation of a national market system, and the revision and administration of the Commission's trading practices rules.

Awards and Honors

AV Peer Review Rated, Martindale-Hubbell

Education

Professional Memberships

American Bar Association
Section of Business Law
          Federal Regulation of Securities Committee
                  Market Regulation Subcommittee

Federal Bar Association
Securities Committee
           Executive Council

Association of the Bar of the City of New York

BNA's Securities Regulation & Law Report, Advisory Board Member