FacultyFaculty/Author Profile
Mark M. Attar

Mark M. Attar

Schiff Hardin LLP

Washington, DC, USA


A former SEC regulator, Mark Attar is uniquely conversant in the SEC’s complex broker-dealer financial responsibility rules. His extensive experience with the net capital rule, customer protection rule, hypothecation rules, books and records rules, financial reporting rules, and risk assessment rules enables his clients to make smarter decisions about their money.

Before re-joining Schiff Hardin, Mark spent twelve years working in increasingly senior positions within the SEC’s Office of Broker-Dealer Finances, administering the SEC’s broker-dealer financial responsibility rules.

Mark has assisted clients in responding to interpretive questions under SEC and SRO rules, preparing comment letters on SEC and SRO rulemaking proposals, requesting no-action relief from regulatory requirements, preparing written responses to examination and enforcement inquiries, drafting new and continuing SRO membership applications, assessing coverage under the Securities Investor Protection Act of 1970, and negotiating contracts.

Experience

  • U.S. Securities and Exchange Commission, Division of Trading and Markets
  • Mark managed attorneys responsible for administering the SEC’s broker-dealer financial responsibility rules, including the net capital rule, customer protection rule, hypothecation rules, books and records rules, financial reporting rules, and risk assessment rules.
  • He provided formal guidance in the form of no-action and interpretive letters, and assisted in the preparation of Division publications answering frequently asked questions.
  • Mark provided interpretive guidance to SEC staff, market participants, and the public on broker-dealer financial responsibility rules and federal and self-regulatory organization securities credit regulations.
  • Mark served as primary liaison on enforcement matters involving broker-dealer financial responsibility.
  • He assessed potential SIPC coverage under the Securities Investor Protection Act of 1970.
  • Mark coordinated with self-regulatory organizations on overlapping financial responsibility issues.
  • Mark was a member of teams responsible for completing mandated rulemaking under the Dodd-Frank Act relating to, among other things, security-based swap dealer capital, margin, and segregation, statutory and regulatory credit rating reference removal, broker-dealer reporting, audit, and notification requirements, and rescission of the SEC’s investment bank holding company program.
  • He responded to rating agency requests to be recognized as nationally recognized statistical rating organizations and served as a primary drafter of the SEC’s report under the Sarbanes-Oxley Act of 2002 on the Role and Function of Credit Rating Agencies in the Operation of the Securities Markets and related SEC rulemaking initiatives leading up to the Credit Rating Agency Reform Act of 2006.
Mark M. Attar is associated with the following items:
Web Segment  Web Segment Broker-Dealer Financial Responsibiity; Trading Issues - Fundamentals of Broker-Dealer Regulation 2017, Tuesday, July 18, 2017
CHB Chapters  CHB Chapters Recent Developments Relating to Rules 15c3-1 and 15c3-3 Under the Securities Exchange Act of 1934 (May 23, 2017) - Fundamentals of Broker-Dealer Regulation 2017, Tuesday, July 18, 2017
MP3 Audio  MP3 Audio Broker-Dealer Financial Responsibiity; Trading Issues - Broker-Dealer Financial Responsibiity; Trading Issues, Tuesday, July 18, 2017
Transcripts  Transcripts Broker-Dealer Financial Responsibiity; Trading Issues - Broker-Dealer Financial Responsibiity; Trading Issues, Tuesday, July 18, 2017
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Broker-Dealer Financial Responsibiity; Trading Issues - Broker-Dealer Financial Responsibiity; Trading Issues, Tuesday, July 18, 2017
On-Demand Web Programs  On-Demand Web Programs Fundamentals of Broker-Dealer Regulation 2017, Tuesday, July 25, 2017, New York, NY
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