Legislative, Regulatory & Compliance Meeting...

Speakers and Invitee Bios:

Kieran Fallon, Assistant General Counsel — Board of Governors of the Federal Reserve System
Brett Palmer, Director - Government Relations Office, National Association of Insurance Commissioners
Jim Shorris, Executive Vice President & Executive Director of Enforcement - FINRA
Lawranne Stewart, Deputy Chief Counsel — Committee on Financial Services, U.S. House of Representatives
Linda Stamp Sundberg, Esquire, Senior Special Counsel — Office of Assistant Chief Counsel, U.S. Securities and Exchange Commission

Kieran Fallon, Assistant General Counsel
Board of Governors of the Federal Reserve System

Kieran Fallon was appointed Assistant General Counsel, Legislation and Special Projects in the Spring of 2005. He joined the Legal Division in 1995 as an attorney in the Banking Structure section and was promoted to senior attorney in 1998 and to counsel later that year. Mr. Fallon was promoted to senior counsel in 1999, and to managing senior counsel in 2003.

Before joining the Board, Mr. Fallon worked for the law firm of Morrison and Foerster. He received his JD from the New York University Law School.

Brett T. Palmer, Director
Government Relations Office
National Association of Insurance Commissioners

Brett Palmer joined the Government Affairs office in Washington, D.C. as Managing Director of Government Relations in June 2005. In his role as Managing Director, Palmer represents NAIC members before state, federal and international groups on insurance-related matters. He oversees the preparation of testimony and analysis of legislation, as well as brief NAIC members who testify or visit Congressional offices.

Mr Palmer joins the NAIC with an extensive background in public service and the regulatory process from various branches of government. He served in the U.S. Department of Commerce as Deputy Assistant Secretary for Trade Legislation, and more recently, as Assistant Secretary of Commerce for the Office of Legislative and Intergovernmental Affairs, a position that allowed him to successfully execute the Department's strategies for passage of the Free Trade Agreements with Australia and Morocco. Palmer has also served as Deputy Chief of Staff for Ohio Congressman Bob Ney and policy assistant to former Speaker of the House Newt Gingrich.

James S. Shorris, Executive Vice President & Executive Director of Enforcement
FINRA

Jim Shorris was promoted from Senior Vice President and Deputy Head of Enforcement of the NASD to Executive Vice President and Head of Enforcement of NASD in March 2006. In July 2007, the NASD changed its name to FINRA.

Since joining NASD in November 2003, Shorris has been responsible for the operational management of the Enforcement Department, supervising a staff of more than 200 legal and investigative professionals nationwide, developing and implementing enforcement policy and overseeing investigations and litigation.

Prior to joining NASD, Shorris practiced securities law at several law firms, including Bingham McCutchen LLP and Choate, Hall & Stewart in Boston and at Morgan, Lewis & Bockius in New York. He has worked for two securities firms - as Vice President, Counsel and Chief Compliance Officer for Allmerica Financial Corporation in Worcester, MA and as Senior Vice President and Deputy General Counsel for Tucker Anthony Incorporated in Boston. Shorris also served as an Assistant District Attorney in the Manhattan District Attorney's Office for five years.

Lawranne Stewart, Deputy Chief Counsel
Committee on Financial Services
U.S. House of Representatives
Washington, DC

As Deputy Chief Counsel to the House Financial Services Committee, Ms. Stewart has responsibilities for capital markets and banking issues. She joined the Democratic Staff of the Committee in 2001. The Committee oversees all components of the nation’s housing and financial services sectors including banking, insurance, real estate, and securities. The Committee continually reviews the laws and programs relating to the Federal Reserve Bank and the Federal Deposit Insurance Corporation among others. The Committee also ensures enforcement of consumer protection laws such as the Fair Credit Reporting Act and financial privacy.

Prior to joining the committee Ms. Stewart was with the Department of Treasury, having served for two years as Senior Advisor to the Under Secretary for Domestic Finance and one year as an Associate Director in the Office of Government Securities Regulation at the Bureau of Public Debt.

Prior to joining Treasury, she was an attorney in the Legal Division of the Federal Reserve Board from 1987 to 1998, where she had responsibility for issues concerning the capital markets, derivatives, monetary policy, member bank regulation, and payment systems.

Ms. Stewart received her law degree in 1987 from N.Y.U.

Linda Stamp Sundberg, Senior Special Counsel
U.S. Securities and Exchange Commission
Division of Market Regulation
Washington, DC

Ms. Sundberg joined the Securities Exchange Commission in its Division of Market Regulation, Office of Chief Counsel in 2001. Before joining the SEC, she was with the Federal Deposit Insurance Corporation from 1987-2002 in Denver, Colorado and Washington, DC.

The Division of Market Regulation regulates the major securities market participants. Since Linda joined the SEC as a senior official in 2001, she has been significantly involved in the application of the Gramm-Leach-Bliley Act to bank securities activities

She received her B.S. in Accounting from the University of Denver, and has maintained her CPA license in Colorado since 1981. Linda received her J.D. from the University of Colorado and has been licensed as an attorney in Colorado since 1981 where she began her private law practice.