Bruce H Newman

Practice Areas

Bruce Newman has extensive experience handling a broad range of broker-dealer regulatory and enforcement issues, including issues related to trading, sales, research, banking, soft dollars, cross-border activities, net capital, customer protection, margin, and new and continuing membership applications, involving stocks, bonds and derivatives.

Mr. Newman has extensive experience in broker-dealer issues, policies and compliance practices. Mr. Newman has previously served as Director of Equities Compliance and Executive Director at UBS Warburg LLC, Director of Capital Markets Compliance at PaineWebber, Inc. and Branch Chief of the Broker-Dealer Enforcement Division of the SEC.

Career

At UBS Warburg and PaineWebber, Mr. Newman primarily was responsible for designing, implementing and maintaining a comprehensive program to ensure that the firms’ securities businesses operated in compliance with all relevant rules and regulations. He conducted training, provided legal and compliance advice, researched legal issues, wrote policies and procedures and supervised a staff that monitored trading and sales activities. Mr. Newman began his legal career at the SEC as a Staff Attorney in 1991 and served as Branch Chief of the Broker-Dealer Enforcement Division from 1994 to 1996. Before joining UBS Warburg, he was with PaineWebber Inc., serving as Assistant General Counsel from 1996 to 1997 and as Director of Compliance - Capital Markets from 1997 to 2000.

Professional Memberships

Bar Admissions:

New York

Publications

Recent regulatory developments provide some clarifications regarding the market access rule for broker-dealers - Journal of Investment Compliance, Vol. 15, Issue 3, pp. 10-19.

FINRA Proposes Consolidated Supervision Rules; Comments Due July 29

SEC Proposes Rules for Cross-Border Security-Based Swap Activities

Experience

Government Experience

Securities and Exchange Commission

Division of Enforcement

Branch Chief

Education