CV

Michael S. Emen

Accomplished securities regulator, Michael Emen retired in December 2012 after a 38 year career spanning each of the major U.S. securities markets and the SEC.

The NASDAQ Stock Market, October 1998-December 2012

  • Senior Vice President, heading the Listing Qualifications Department, responsible for assuring that all initial and continued listings complied fully with NASDAQ’s financial and corporate governance requirements. The Department’s staff consisted primarily of lawyers, accountants and other professionals, and included groups responsible for investigating fraud and interpreting and applying NASDAQ’s rules to proposed corporate financing transactions.
  • Principal staff liaison with the independent, Board-appointed NASDAQ Listing and Hearing Review Council, responsible for working with staff in developing new rules and listing policies for the marketplace. In that capacity, led the NASDAQ effort to develop sweeping new corporate governance rules in 2003, in response to the accounting scandals at Enron and various other public companies.
  • Spearheaded NASDAQ’s efforts to investigate alleged misconduct at companies listed subsequent to reverse merger transactions, coordinating closely with staff at the SEC, FIN RA and other marketplace s.
  • Frequently spoke at outside programs including those sponsored by the Comptroller General, Yale and various other universities, the National Association of Corporate Directors, the National Investor Relations Institute, the North American Securities Administrators Association, the SEC and various other groups including bar associations and law and accounting firms.
  • Authored several articles on corporate governance including, “Corporate Governance – The View from NASDAQ.”

The American Stock Exchange, December 1976-October 1998

  • Served in numerous legal capacities, including Senior Compliance Attorney, Special Counsel, Director of Arbitrations and Hearings, Vice President in the Office of General Counsel and Senior Vice President in the Exchange’s Securities Division.
  • Investigated alleged violations of the Exchange’s rules for members and member firms, took testimony, drafted pleadings and presented and argued administrative cases and appeals.
  • Worked closely with outside counsel in heading investigations into alleged fraud and other misconduct at Exchange-listed companies.
  • Principal in-house counsel to Exchange staff involved in the regulation of listed companies.

U.S. Securities and Exchange Commission, 1978

  • Attorney in the Enforcement Division in Washington, D.C. for six months while on a formal leave of absence from the American Stock Exchange. Responsible for leading a number of investigations into alleged securities fraud.

The New York Stock Exchange, August 1974-December 1976

  • Attorney in the Enforcement Department responsible for investigating alleged rule violations by members and member firms.

Education

  • Cornell University, B.A. June 1971
  • New York University School of Law, Juris Doctor, June 1974