Loren Schechter is the head of the firm's broker-dealer practice. He concentrates his practice on securities regulatory counseling and litigation matters. He has represented broker-dealers and individuals in investigations and litigation before securities and commodity futures and insurance regulators, in state and federal courts and before numerous arbitration panels. He also has extensive experience in related employment law matters.

Mr. Schechter's professional background extends over more than 40 years, from the New York Stock Exchange to deputy general counsel and general counsel of two broker-dealer and investment banking firms, including 10 years as general counsel of Prudential Securities Group, Inc.

A past president of the Compliance & Legal Division of the Securities Industry Association, Mr. Schechter is a 1967 graduate of the New York University School of Law and a graduate of City College of New York.

Areas Of Practice

Broker-Dealer Representation
Securities Regulation and Litigation
Employment Law

Representative Matters

Represented numerous companies and individuals in more than 1,000 arbitrations related to alleged violations of securities laws and regulations as well as commercial disputes in a wide array of forums, including the American Arbitration Association, FINRA, the NASD, the NYSE and the International Chamber of Commerce.
Defended companies accused of securities fraud, consumer fraud and corporate governance violations in more than 100 class actions.
Represented numerous employers involved in disputes with current and former executives regarding various provisions of employment agreements, including non-compete and executive compensation issues.
Represented both corporations and executives who were subject to investigation by the U.S. Attorney's Office or the Department of Justice in matters involving alleged white-collar crimes.
Designed and implemented legal and regulatory compliance programs for broker-dealers and investment advisers.
Provided extensive corporate legal counseling to numerous companies concerning their corporate governance and securities disclosure responsibilities, addressing '33 and '34 Act issues as well as those under Sarbanes-Oxley.
Advised companies on crisis management issues in order to minimize negative legal and public relations consequences resulting from crisis situations. Provided day-to-day counseling for executives and guidance born from experience on how to keep an organization focused and moving forward during crisis.
Acted as counsel for broker-dealers with respect to mergers, acquisitions and spin-offs.
Defended numerous corporate clients in litigation involving alleged securities fraud.

Professional Activities

Securities Industry Association
- Law & Compliance Division
--Past President
Bar of New York

Admissions

New York
Southern and Eastern Districts of New York

Education

New York University School of Law, LL.B., 1967
City College of New York, B.A., 1962