FacultyFaculty/Author Profile
Gary M. Brown

Gary M. Brown

CMG Life Services Inc.
Chief Executive Officer
Naples, FL, USA


GARY M. BROWN, is the CEO of CMG Life Services Inc., a leading company in the life settlement industry, which he joined after a 31-year legal career during which he advised public companies on governance, securities, and other compliance issues. Prior to joining CMG, he also taught securities law at the Vanderbilt University School of Law and served as general counsel to the Ethics and Compliance Officer Association, the world's largest group of ethics and compliance professionals. While in private law practice, he was recognized in both Best Lawyers in America and Chambers - America's Leading Business Lawyers. 

Gary has been and continues to be a frequent instructor at securities programs and Co-chairs two programs (Understanding the Securities Laws and Securities Filings) for the Practising Law Institute. During 2002, he served as Special Counsel (Minority) to the United States Senate's Governmental Affairs Committee in its investigation of the collapse of Enron Corp. While serving in the Senate, he also worked with the Committee's Permanent Subcommittee on Investigations ("PSI") and provided advice on aspects of the Sarbanes-Oxley Act while the legislation was being debated in the Senate. During that investigation, he provided testimony before the Subcommittee on the activities of major U.S. investment banks that assisted Enron in the manipulation of its financial statements. During August 2006, in a Senate investigation of abusive tax shelters, he provided testimony before PSI on how various structures employed in offshore and other tax devices circumvent compliance with U.S. federal securities laws.  During 2010, he was again retained by PSI to assist the Subcommittee in its investigation of Goldman Sachs during PSI's overall investigation, "Wall Street and the Financial Crisis," and related televised hearings. While serving the Senate in 2010, he also provided advice on aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act while the legislation was being debated in the Senate.

Mr. Brown is the author of PLI's treatise, Securities Law and Practice Deskbook (previously titled Soderquist on the Securities Laws), and he frequently speaks and writes on areas including corporate governance, ethics, obligations of corporate directors and the reporting and disclosure obligations of public companies. His paper, The Implications of the U.S. Sarbanes-Oxley Act, was presented to an international corporate governance symposium in Berlin co-sponsored by the Japanese-German Center Berlin and the Max Planck Institute For Foreign Private and Private International Law and published by The Oxford Press. 

Mr. Brown's other publications include: "PLI's Guide to the SEC's New Executive Compensation Disclosure Rules," (Practising Law Institute 2007); "Ethics: It's Not Just For Lawyers Anymore," The Corporate Compliance and Regulatory Newsletter (Vol. 2, No. 8, April 2005); "Resisting Temptation - New Sentencing Guidelines Prod Companies to Take Ethics More Seriously,"  Legal Times (November 15, 2004); "Senate Investigator to Enron's Lawyers: It's Not Over," Corporate Board Member, Special Legal Issue - Summer 2003; "So Much Fraud, So Little Time - Senate Enron Investigation Bears (Possibly Bitter) Fruit," Vanderbilt Lawyer, Spring 2003; "Investigating Enron: Life After Enron and Sarbanes-Oxley (Sometimes History is Our Best Teacher)," Owen @ Vanderbilt, Summer 2003.

Mr. Brown received both his undergraduate and law degrees from Vanderbilt University, where he graduated Order of the Coif in 1980.

Gary M. Brown is associated with the following items:
Treatise  Treatise PLI's Guide to the SEC's Executive Compensation and Related Party Transaction Disclosure Rules
Securities Law and Practice Deskbook - Soderquist on the Securities Laws
Treatise Chapters  Treatise Chapters PLI's Guide to SEC's Executive Compensation - PLI's Guide to the SEC's Executive Compensation and Related Party Transaction Disclosure Rules , Friday, June 29, 2007
Securities Act Registration Process - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Table of Authorities - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Reach of Securities Act Regulation - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Index - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Securities Act Registration Exemptions - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Securities Act of 1933 (Selected Provisions) - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Liability for Securities Act Violations - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Regulation of Tender Offers - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Regulatory Framework of Securities Act Registration - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Regulation of the Securities Business - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Table of Contents - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Resales of Securities Under the Securities Act - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Regulation of Proxy Solicitations - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Exchange Act of 1934 (Selected Provisions) - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Business Context of Securities Act Registration - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Liability for Trading Profits Under Exchange Act Section 16(b) and Sarbanes-Oxley Section 306 - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Registration and Periodic Reporting Under the Exchange Act - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Approaching Securities Law - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Fraud Under Rule 10b-5 and Related Issues - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Preface - Securities Law and Practice Deskbook , Thursday, November 15, 2012
Course Handbooks  Course Handbooks Understanding the Securities Laws 2012 , New York, NY
Securities Filings 2013: Practical Guidance in a Changing Environment
CHB Chapters  CHB Chapters Chapter 3: Regulatory Framework of Securities Act Registration, Practising Law Institute, Soderquist on the Securities Laws, 5th Edition - Understanding the Securities Laws 2012 , Thursday, October 25, 2012
Chapter 9: Registration and Periodic Reporting Under the Exchange Act, Practising Law Institute, Soderquist on the Securities Laws, 5th Edition - Understanding the Securities Laws 2012 , Thursday, October 25, 2012
Chapter 1: Approaching Securities Law, Practising Law Institute, Soderquist on the Securities Laws, 5th Edition - Understanding the Securities Laws 2012 , Thursday, October 25, 2012
Effects of the "JOBS" Act - Understanding the Securities Laws 2012 , Thursday, October 25, 2012
Introduction to Securities Law (PowerPoint) - Understanding the Securities Laws 2012 , Thursday, October 25, 2012
Chapter 5: Reach of Securities Act Regulation, Practising Law Institute, Soderquist on the Securities Laws, 5th Edition - Understanding the Securities Laws 2012 , Thursday, October 25, 2012
Selected Portions of Chapter 7, Resales of Securities Under the Securities Act, Practising Law Institute, Securities Law and Practice Deskbook - Understanding Financial Products 2013 , Monday, January 07, 2013
Life Settlements Task Force, Staff Report to The United States Securities and Exchange Commission (July 22, 2010) - Understanding Financial Products 2013 , Monday, January 07, 2013
Life Settlements (PowerPoint Slides) - Understanding Financial Products 2013 , Monday, January 07, 2013
Chapter 6: Securities Act Registration Exemptions, Practising Law Institute, Securities Law and Practice Deskbook - Understanding Financial Products 2013 , Monday, January 07, 2013
Life Settlements as Investment Products - Understanding Financial Products 2013 , Monday, January 07, 2013
Reach of Securities Act Regulation - Understanding the Securities Laws 2013 , Thursday, July 25, 2013
Regulatory Framework of Securities Act Registration - Understanding the Securities Laws 2013 , Thursday, July 25, 2013
Approaching Securities Law - Understanding the Securities Laws 2013 , Thursday, July 25, 2013
Effects of the “JOBS” Act on ’33 Act and ’34 Act Filings - Securities Filings 2013: Practical Guidance in a Changing Environment , Thursday, September 26, 2013
Overview of the Federal Securities Laws (PowerPoint Slides) - Securities Filings 2013: Practical Guidance in a Changing Environment , Thursday, September 26, 2013
Web Segment  Web Segment Insurance Products - Understanding Financial Products 2013 , Monday, January 14, 2013
Laying the Foundation Part II -- Distribution of Financial Products - Understanding Financial Products 2013 , Monday, January 14, 2013
MP3 Audio  MP3 Audio Understanding Financial Products 2013: Laying the Foundation Part II -- Distribution of Financial Products - Laying the Foundation Part II -- Distribution of Financial Products , Monday, January 14, 2013
Understanding Financial Products 2013: Insurance Products - Insurance Products , Monday, January 14, 2013
Transcripts  Transcripts Insurance Products - Insurance Products , Monday, January 14, 2013
Laying the Foundation Part II -- Distribution of Financial Products - Laying the Foundation Part II -- Distribution of Financial Products , Monday, January 14, 2013
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Understanding Financial Products 2013: Laying the Foundation Part II -- Distribution of Financial Products - Laying the Foundation Part II -- Distribution of Financial Products , Monday, January 14, 2013
Understanding Financial Products 2013: Insurance Products - Insurance Products , Monday, January 14, 2013
On-Demand Web Programs  On-Demand Web Programs Understanding Financial Products 2013 , Tuesday, January 22, 2013 , New York, NY
Live Seminar  Live Seminar Understanding the Securities Laws 2013 , Thursday, October 24, 2013 , Chicago, IL
Securities Filings 2013: Practical Guidance in a Changing Environment , Thursday, November 14, 2013 , Chicago, IL
Understanding Financial Products 2014 , Monday, January 06, 2014 , New York, NY
Understanding the Securities Laws 2014 , Thursday, October 23, 2014 , Chicago, IL
Securities Filings 2014: Practical Guidance in a Changing Environment , Thursday, November 13, 2014 , Chicago, IL
Drafting Securities Filings 2012 , Monday, November 12, 2012 , Chicago, IL
Understanding the Securities Laws 2012 , Thursday, October 25, 2012 , Chicago, IL
Understanding Financial Products 2013 , Monday, January 07, 2013 , New York, NY
Live Webcast  Live Webcast Understanding Financial Products 2014 , Monday, January 06, 2014 , New York, NY
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