Felicia_Smith

Felicia Smith

Vice President and Senior Counsel for Regulatory Affairs

Regulatory

Felicia Smith is Vice President and Senior Counsel for Regulatory Affairs for the Financial Services Roundtable, and is a member of the Regulatory Department. She also serves as a Lead Subject Matter Expert for the Investment Management activity.

Prior to joining FSR, Smith was a Visiting Professor at Mississippi College School of Law, where her teaching assignments included Securities Regulation and Business Associations. Smith also was a member of the Mississippi Secretary of State 2008 Business Reform Securities Law Committee.

Smith is a former in-house corporate and securities counsel for a securities firm with its headquarters in New York City. She provided legal counsel for public offerings, private placements, and resales of equity and fixed income securities (including rule 144, rule 144A, rule 10b5-1 trading plans, Regulation D, and Regulation S). Smith drafted and negotiated equity securities research distribution agreements, equity securities trading agreements, and securities trading technology vendor contracts. She also was counsel to several of the firm’s new product review committees and business review committees, and supervised broker-dealer filings with federal and state securities regulators, securities exchanges, and self-regulatory organizations, and securities exchange membership applications and related filings.

Smith began her legal career at the United States Securities and Exchange Commission, where she was a Special Counsel in the Chief Counsel’s Office for the Division of Corporation Finance, and was the Commission’s expert on the Trust Indenture Act. As a member of the Chief Counsel’s staff, she recommended policy and participated in decision-making, including over 200 no-action and interpretative letters on a variety of federal securities law issues arising under the Securities Act, the Securities Exchange Act, and the Trust Indenture Act. Smith’s rulemaking activities included the rules implementing the Trust Indenture Reform Act of 1990 and the U.S.-Canada Multijurisdictional Disclosure Systems.

As a member of the Business Law Section of the American Bar Association, Smith was editor of, and a contributor to, the ABA Comment Letter filed in response to The Regulation of Securities Offerings (the “Aircraft Carrier” Release), and co-editor of a comment letter on Revisions to Rule 144 and Rule 145 to Shorten Holding Periods for Affiliates and Non-Affiliates. Smith also was a contributor to the ABA Revised Model Simplified Indenture (2000).

Smith holds the LL.M. in Securities Regulation from Georgetown University Law Center and the Doctor of Jurisprudence from Mississippi College School of Law. She is admitted to practice in the District of Columbia and the Supreme Court of the United States.