Education

  • Brooklyn Law School, J.D.
  • Columbia University, M.S.
  • Brandeis University, B.A.

Admissions

  • New York
Linda Lerner, Partner New York
llerner@crowell.com
Phone: +1 212.803.4073
590 Madison Avenue
20th Floor
New York, NY 10022-2544

Linda Lerner is a partner in the Corporate, Financial Services and White Collar & Regulatory Enforcement groups of Crowell & Moring’s New York office. She has extensive experience with regulatory and compliance issues relating to public and private sales of securities, advertising and sales material, market making, electronic trading, broker-dealer formation, operations and reporting requirements, SRO, new and continuing membership applications, ECN and ATS formation and operation, municipal advisor registration, and market structure issues.

Linda is a member of Nasdaq’s National Review Council and Market Operations Review Committee and served on FINRA’s e-Brokerage Committee.  She is also a member of the American Bar Association’s Task Force on Private Placement Broker-Dealers, for which she drafted regulations that were submitted to the SEC. Linda is the facilitator for the Midtown Regulatory Group, a group of over 600 senior compliance and legal officers from brokerage firms located throughout the U.S. that meets monthly to discuss regulatory issues. She is regularly a speaker on regulatory and compliance issues and most recently participated in the International Law Discovery and Disclosure Group Conference on Tax Havens, Money Laundering and Compliance Risks, “Preventing AML Breaches Through Effective Compliance;” SIFMA-CL Annual Compliance Conference, “Compliance Issues for Small and Regional Firms;” National Society of Compliance Professionals Annual Conference, “ABCs of Electronic Brokerage;” ALI-ABA Conference on FINRA/SEC Compliance and Enforcement, “Broker-Dealer and Investment Adviser Regulation of Hedge Funds;” and International Centre for Dispute Resolution, “Compliance Issues for Small and Regional Firms.”

Prior to joining Crowell in 2011, Linda spent seven years at Debevoise & Plimpton as broker-dealer regulatory counsel.  Linda also served for 12 years as General Counsel at Domestic Securities, Inc., a registered broker-dealer, where she focused on a wide range of broker-dealer regulatory and compliance issues. During this time, she served on several NASD and Nasdaq committees, including the Membership Application Review Committee, the Market Operations Review Committee and the Trading Rules Subcommittee of the Quality of Markets Committee, and was a frequent lecturer on regulatory and market structure matters. Before joining Domestic Securities, she spent 15 years in private practice, working as an associate and a partner at New York law firms.

Linda received her J.D. magna cum laude, graduating first in her class from Brooklyn Law School, and was the Recent Decisions Editor of the Brooklyn Law Review. She received her M.S. in Social Work from Columbia University and her B.A. from Brandeis University. She was admitted to the bar in New York in 1977 and is admitted to appear before the US Court of Appeals for the District of Columbia Circuit and the US District Court for the Southern District of New York. Linda serves, on a pro bono basis, as the General Counsel to the Financial Women’s Association of New York.



Affiliations

Admitted to practice: New York, US Court of Appeals for the District of Columbia Circuit, US District Court for the Southern District of New York

Professional Affiliations

Nasdaq's National Review Council
Nasdaq's Market Operations Review Committee
American Bar Association's Task Force on Private Placement Brokers
Midtown Regulatory Group Facilitator


Speeches & Presentations

  • "SEC No-Action Letter: How it Applies to M&A Brokers," Crowell & Moring Webinar (March 25, 2014). Presenter: Linda Lerner.
  • "Fund Sales: Must the Broker Be Register?" ALI CLE Webinar (August 15, 2013). Panelist: Linda Lerner.
  • "Regulatory Update: FINRA's New Communications Rules," Webinar (October 17, 2012). Presenter: Linda Lerner.
  • "A Conversation with Richard Ketchum: Compliance, Risk Management and the Bottom Line – How Do They Co-Exist?" (October 4, 2012). Interviewer: Linda Lerner.
  • "Dodd Frank Impact on Other Financial Services: Investment Advisers, Broker Dealers, and Derivatives," (November 17, 2011). Panelist: Linda Lerner.
  • Financial Regulatory Reform Conference (July 8, 2011). Panelist: Linda Lerner.
  • "Implications for Investment Advisers and Broker-Dealers and Expanded Corporate Governance and Compensation Regulation," (July 8, 2011). Panelist: Linda Lerner.
  • "The Dodd-Frank Wall Street Reform and Consumer Protection Act: Game Changer? Impact on Other Financial Services: Investment Advisors, Broker-Dealers, and Derivatives," (November 17, 2010). Panelist: Linda Lerner.


Publications

  • "Proposed Investor Protection Act of 2009 - Promises Significant Regulatory Changes and Potentially Higher Costs for Broker-Dealers and Investment Advisors," (July 13, 2009). Author: Linda Lerner.
  • "FINRA Members Prepare For NASD Rule 2821," Financial Services Law 360 (March 6, 2008). Author: Linda Lerner.


Client Alerts & Newsletters



Firm News & Announcements

Oct.08.2014 Crowell & Moring's Linda Lerner and Eden Rohrer Co-Author Bloomberg BNA Portfolio on Broker-Dealer Registration
Jan.04.2012 Crowell & Moring Boosts New York Office with Addition of Two Broker-Dealer Partners
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