Bob’s focus is financial market regulation. In litigation, administrative proceedings and investigatory matters, he represents a wide range of institutional and individual market participants, intermediaries and others impacted by the federal/state legal and regulatory structure dealing with securities, futures and capital markets. He likewise counsels in regard to compliance and market-related liabilities.
As an advocate for and counselor to issuers, financial intermediaries, the analyst community and other financial market participants for more than 35 years, Bob brings a unique skill set to bear in representing clients faced with the challenge of navigating market regulatory structures and dealing with the always evolving scope of market-related liabilities. As a litigator, he represents clients in civil cases in state and federal courts, arbitration forums, in administrative proceedings before federal and state regulatory agencies and in matters before securities and futures industry self-regulatory organizations.
His representative multi-dimensional experience includes serving as counsel to the court-appointed Receiver in multiple matters arising out of a $50 million Ponzi Scheme involving, among other things, the manipulation of the market for a publicly traded stock, and the recovery of substantial assets for the benefit of victimized investors while at the same time counseling the Receiver on matters of SEC compliance, valuation, corporate governance and other matters associated with the Receiver’s position as the second-largest shareholder of a public company. In securities litigation, Bob’s work has repeatedly earned him recognition as an Ohio Super Lawyer.
Bob also regularly counsels market participants, particularly financial intermediaries such as broker-dealers, investment advisers and investment managers, on regulatory compliance and licensing matters, and he assists issuers of securities on the regulatory aspects of fund formation and the offer and sale of securities in exempt transactions under state and federal securities laws.
Bob previously served as a member of the NASD Legal Advisory Board, and currently is a member of the Market Operations Review Committee for the NASDAQ Stock Market LLC, NASDAQ OMX-BX (the former Boston Stock Exchange and NASDAQ OMX-PHLX (the former Philadelphia Stock Exchange). A noted author and teacher in the area of law, theory and practice in financial markets, Bob is Adjunct Professor of Law at the Case Western Reserve University School of Law.
He is the author of Blue Sky Regulation, a comprehensive four-volume treatise on state securities regulation in the United States. He is a contributing author to other treatises dealing with the federal Securities Act of 1933, and New York’s Martin Act, and he has published numerous articles and papers appearing in law journals, online expert commentaries and other electronic media. His work has been cited in courts throughout the United States, including the U.S. Supreme Court.
Bob began his tenure with Calfee in 1975, and became a partner in 1980.