Mr. Summer has been an Associate Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission since 2004. Prior to that he served as an Assistant Director and a Special Counsel in the Division of Corporation Finance. He joined the SEC in December, 1985.
As an Associate Director, Mr. Summer has supervised the Division’s disclosure operations function, led various rule-making projects and worked on various interpretive and policy initiatives. He has had direct oversight of the Division’s filing review function, which includes reviewing and commenting upon filings made by public companies pursuant to the Federal Securities laws. Mr. Summer has also led or participated in numerous rulemakings, including rulemakings to update and revise the disclosure requirements related to executive compensation, the disclosure requirements for oil and gas companies, the disclosure requirements for companies with mining operations, as well as various rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Mr. Summer has been a speaker on the Federal securities laws and related issues involving the Division of Corporation Finance and is currently an adjunct professor of law at the Georgetown University Law Center in Washington, D.C., teaching Securities Regulation. He has also taught at Howard University Law School and the University of Virginia Law School. Mr. Summer received his J.D. from the Georgetown University Law Center in 1982 and his B.S. in finance from the University of Rhode Island in 1979.
Robert Kaplan is a litigation partner based in the firm’s Washington, D.C. office. He has significant experience with a broad range of securities-related enforcement and compliance issues, including those involving requirements affecting SEC-registered investment advisors affiliated with hedge funds, private equity funds, investment companies, mutual funds and separately managed accounts. In 2017, Securities Docket recognized him as one of the “best and brightest in securities enforcement defense.”
Prior to joining Debevoise, Mr. Kaplan was Co-Chief of the Asset Management Unit of the U.S. Securities and Exchange Commission’s Division of Enforcement. In this role, he co-led a team of 75 lawyers and industry experts focused on investigations related to potential violations of securities laws by advisors to hedge funds, private equity funds, mutual funds and separately managed accounts. He partnered with senior leadership in other divisions of the SEC to establish law enforcement priorities in the asset management industry and developed cross-agency initiatives to proactively detect violations in emerging risk areas.
During his seventeen-year tenure at the SEC’s Division of Enforcement, Mr. Kaplan served as Assistant Director from 2004 to 2010, Assistant Chief Litigation Counsel in the Division’s Trial Unit from 1998 to 2004, and Staff Attorney and Senior Counsel from 1995 to 1998. He played a leading role in SEC enforcement actions across a variety of areas, including in actions related to investment advisors, financial fraud, auditors, the FCPA, broker-dealers and insider trading. Mr. Kaplan has won several prestigious awards for his service in the Division of Enforcement, including the Chairman’s Award for Excellence and the Arthur F. Mathews Award.
Prior to joining the SEC, Mr. Kaplan was a litigation associate in the New York office of a Philadelphia firm, where he worked on a variety of securities litigation and enforcement matters.
Mr. Kaplan joined Debevoise in 2012. He received his J.D. from New York University in 1992, where he was the research and writing editor of the NYU Moot Court Board, and his A.B. from Columbia University in 1989.
Stephanie Avakian was named Co-Director of the U.S. Securities and Exchange Commission’s Division of Enforcement in June 2017, after serving as Acting Director since December 2016. She was previously the Division of Enforcement’s Deputy Director, serving from June 2014 to December 2016.
Before being named Deputy Director, Ms. Avakian was a partner at Wilmer Cutler Pickering Hale and Dorr LLP, where she served as a vice chair of the firm’s securities practice and focused on representing financial institutions, public companies, boards, and individuals in a broad range of investigations and other matters before the SEC and other agencies.
Ms. Avakian previously worked in the Division of Enforcement as a branch chief in the SEC’s New York Regional Office, and later served as counsel to former SEC Commissioner Paul Carey.
Ms. Avakian received her bachelors degree from the College of New Jersey and a law degree from Temple University’s Beasley School of Law, both with high honors.
Mavis Kelly is an Assistant Director in the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE). She serves in OCIE’s National Exam Program Office and assists in the administration of the investment company and investment adviser examination program. Since joining the SEC in 1992, Ms. Kelly has conducted or overseen over 500 examinations of investment companies and investment advisers. She has been directly involved in many national risk-targeted examination initiatives that focus on a broad array of topics, such as OCIE’s initiatives focusing on retail investors and investors saving for retirement.
Mr. Bartels has served in a number of capacities in the Division of Investment Management, most recently as Senior Policy Advisor to Director Dalia Blass. His work has encompassed rulemaking, applications for exemptive relief, and requests for legal and policy guidance across diverse subjects under the Investment Company Act and the Advisers Act of 1940. Mr. Bartels joined the division in 2010, starting in the Investment Adviser Regulation Office, where he received the Commission’s Law and Policy Award for work on private fund adviser reporting. Mr. Bartels was Branch Chief in the Exemptive Applications and Chief Counsel’s Offices from 2011-2016, focusing on exchange-traded funds, business development companies, funds of funds, and affiliated transactions. Mr. Bartels also served as counsel to Commissioner Kara M. Stein, advising on a wide range of matters under the federal securities laws and supporting the Commission’s Diversity Council. Prior to joining the Division, Mr. Bartels worked in the corporate practice at Sullivan & Cromwell LLP, where he advised clients on securities offerings, mergers and acquisitions, and other corporate transactions. Mr. Bartels received his law degree from Yale Law School and his bachelor’s degree from SUNY Buffalo.
Anthony is Head of Seward & Kissel’s Blockchain and Cryptocurrency Group. He also is a member of the Firm’s Capital Markets and Securities and Investment Management Groups, and is located in Seward & Kissel’s Washington, D.C. office. As member of S&K’s Blockchain and Cryptocurrency Group, Anthony has advised clients on a wide range of topics, including how to structure, issue and register tokens in ICOs, custody of both utility tokens and tokens that are securities, transfer and liquidity issues, and investments in crypto assets by funds and other investors. He has practiced in the capital markets area for more than 20 years, and he can draw on his skills in securities laws and regulations, financial services regulations and corporate governance to advise his clients on transactions from early-stage formation to going public. Anthony has advised clients in both public and private capital markets deals, and his clients include corporations, funds and other entities. He is one of the leading experts on physical precious metals funds. Anthony also has represented issuers and underwriters in filings with FINRA in connection with public offerings. He received his B.A. from California State University, Fullerton, and his J.D. from Harvard Law School.
Anthony has served as President of the Asian Pacific American Bar Association of the Greater Washington, D.C. Area and as Secretary of the District of Columbia Bar. He is fluent in German.
Christian Sabella is Deputy Director of the Division of Trading and Markets at the U.S. Securities and Exchange Commission (SEC), where he is responsible for the Offices of Market Supervision and Clearance and Settlement. He joined the SEC in 2011 and has served in a number of roles, including as Associate Director for the Office of Clearance and Settlement. Mr. Sabella has a J.D. from Georgetown University Law Center and received his undergraduate degree from the University of Notre Dame.
Therese Chambers began her career in private practice in the City as a commercial litigator. For the past 20 years she has worked in UK regulatory enforcement at the FCA and FSA, running investigations and conducting litigation in relation to some of the most high profile, complex and challenging regulatory enforcement cases. She is an acknowledged expert on the UK market abuse regime, senior management cases and benchmark enforcement but her experience and expertise covers the full range of the FCA’s regulatory jurisdiction. Therese has also held important responsibilities in relation to enforcement strategy. She is currently responsible for the FCA’s retail investigations portfolio, which includes anti-money laundering, pension scam and misselling investigations.
Chris Hetner is a Managing Director for Marsh Risk Consulting’s (MRC) Cyber Risk Consulting business based out of New York. Working closely with Marsh’s cyber insurance and advisory teams, MRC’s Cyber Risk Consulting team delivers a wide range of expertise and capabilities – from cyber risk impact modeling to cyber breach and business interruption readiness – tailored to each client’s specific risk management needs and objectives.
Chris has over 25 years of experience in cybersecurity, risk management and regulatory compliance. Chris currently serves as Special Advisor of Cyber Risk for the National Association of Corporate Directors (NACD) and National Board Member of the Society of Hispanic Professional Engineers (SHPE). Prior to joining Marsh, Chris served as the Senior Advisor to the United States Securities and Exchange Commission (SEC) Chairman on Cybersecurity. Chris was also a leading member of the US Treasury Financial Banking Information Infrastructure Committee where he provided leadership across a range of cybersecurity programs impacting the financial services sector. Prior to joining the SEC, Chris held several leadership roles including EY’s Wealth and Asset Management Cybersecurity practice leader, Global Chief Information Security Officer (CISO) at GE Capital and Senior Vice President of Information Security at Citigroup.
Elizabeth P. Gray is a partner in the Litigation Department and Co-Chair of the Securities Enforcement Practice Group. Elizabeth’s practice focuses on the representation of investment advisers, investment companies and their boards, broker-dealers, self-regulatory organizations (“SROs”), public companies, accounting firms and senior executives facing examination, investigation and litigation by financial regulators. She counsels clients on securities as well as cybersecurity regulation and breach response, and provides corporate governance advice to boards.
Elizabeth was named by Law360 in 2016 among the 25 Most Influential Women in Securities Law, an elite list including current and former senior regulators and private practitioners who have achieved impressive success in securities litigation and enforcement. Additionally, she received the Women of Influence Award in Securities/Capital Markets Law in 2017 by Best Lawyers and the Coalition of Women’s Initiatives in Law. In 2017, 2018 and 2019, she was selected to serve on Law360’s Securities Editorial Advisory Board. Elizabeth serves on the Board of Directors of the Jane Goodall Institute where she is a member of the Audit and Corporate Governance Committees, and serves on the Advisory Committee of the USF Cybersecurity for Executives Certificate Program.
In addition to more than 15 years of private sector experience, Elizabeth formerly served for 12 years at the U.S. Securities and Exchange Commission, including as Assistant Director in the SEC’s Division of Enforcement and as counsel to SEC Chairman Arthur Levitt. She also was general counsel and chief operating officer of a pharmaceutical clinical trial company for a number of years.