NEW YORK, March 19, 2013—Duane Morris partner Loren Schechter of the firm's New York office has been honored by the Compliance & Legal (C&L) Society of the Securities Industry and Financial Markets Association (SIFMA) with its Alfred J. Rauschman Memorial Award. Schechter, a longtime securities lawyer who has had senior roles representing broker-dealers, is being recognized for his contributions to the compliance and legal communities and for the totality of his career dedicated to the financial services industry. He will receive the award on March 19, during the C&L Society's Annual Seminar, in Phoenix, Arizona.
"We are honored to present this award to Loren Schechter," said Howard R. Plotkin, managing director of RBC Capital Markets and president of SIFMA's Compliance & Legal Society. "Loren's deep legal knowledge and his willingness to share his insight with the compliance and legal communities make him more than worthy of this award. We honor him not only for his invaluable contributions as a past President of the C&L Society, but also for a career dedicated to enhancing compliance in the industry."
The Alfred J. Rauschman Memorial Award is given to an individual who, over the course of his or her career, has contributed to the compliance and legal communities; fostered open communications among industry practitioners to share best practices; promoted dialogue and communications with regulators; and dedicated his or her career to the financial services industry. While possible recipients are identified and reviewed by a nominating committee every year, the award is given only when there is an individual who meets all of these criteria. This award was first given in 1992 to Alfred J. Rauschman in recognition of his contributions to the industry.
Schechter is the head of Duane Morris' broker-dealer practice. He concentrates his practice on securities regulatory counseling and litigation matters. Schechter 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. Schechter's professional background extends 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. He is a past president of the Compliance & Legal Division of the Securities Industry Association (now the Securities Industry and Financial Markets Association). Schechter graduated from the New York University School of Law.
About the Securities Industry and Financial Markets Association (SIFMA)
SIFMA, the U.S. regional member of the Global Financial Markets Association (GFMA), is committed to supporting a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets.
About Duane Morris LLP
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