Scot Draeger is a member of Bernstein Shur’s Business Law Practice Group and is the practice leader for its Securities and Financial Services Industry Group. His practice focuses on representing securities industry and capital markets participants in the full spectrum of regulatory, compliance, enforcement, and transactional matters, with an emphasis on counseling the investment management industry and financial services companies.
Scot has experience providing guidance and advice on all aspects of the federal securities laws and SEC regulations, including in the context of Sarbanes-Oxley compliance, fiduciary activities, and SEC examination and enforcement matters. He also has experience in the development, implementation, and oversight of compliance programs.
Scot represents diversified financial institutions in complex contract negotiations and global and domestic outsourcing deals in the securities and investment management industries. Scot’s transactional experience also includes counseling corporations through mergers, acquisitions, and divestitures of securities industry companies. Scot played a pivotal role in advising Citi in the course of its $1.45 billion acquisition of BISYS Group, Inc. and Citi’s subsequent spin-off of related entities.
Prior to joining Bernstein Shur, Scot held the positions of Director and Corporate Counsel at Citi Markets & Banking and Senior Vice President of Citigroup Corporate and Investment Bank. In these roles, Scot managed the legal department of Citigroup Fund Services, a leading provider of services to global investment fund and asset management industries. While at Citi, Scot served on various compliance and risk management committees charged with identifying, analyzing, and resolving matters involving legal, regulatory, and/or reputation risk to the firm and its securities industry clients.
Prior to joining Citi, Scot served at the United States Securities and Exchange Commission in Washington, D.C., as Counsel to SEC Commissioner Roel C. Campos and as Senior Counsel in the SEC’s Office of General Counsel. In these positions, Scot advised the Commission on legal and policy issues raised by rulemaking, enforcement, and legislative matters, with a focus on matters involving corporate governance, investment management, corporation finance, and enforcement policy. He provided written advice in hundreds of SEC enforcement matters considered by the Commission and also played a key role in advising the Commission on its implementation of the Sarbanes-Oxley Act of 2002.
Scot also served as Adjunct Professor of Securities Law and Regulation at George Mason University.
EDUCATION
JD, University of Maine, 1999
BS, University of Cincinnati, 1996, cum laude
AFFILIATIONS
Admitted to practice:
State of Maine
District of Columbia
Member:
American Bar Association, Business Law Section