Law360 Announces FINRA Honcho, Jeffrey S. Holik, Joins Shulman Rogers
June 2, 2015
Law360, New York (June 02, 2015, 3:34 PM ET) — Shulman Rogers Gandal Pordy & Ecker PA said Tuesday that Jeffrey S. Holik, PNC Financial Services Group Inc.’s former chief counsel and a former Financial Industry Regulatory Authority official, has joined the firm’s financial industry regulatory group as a shareholder.
Holik, who spent about a decade at PNC after a similar stint with FINRA as senior vice president, marks the second alumnus of the self-regulatory agency to join Shulman Rogers in less than a year. He told Law360 that his former colleague Emily P. Gordy’s arrival at the Maryland-based firm was a major factor in his decision to join its ranks.
“Together we have a goal for being able to help firms, particularly smaller and medium-sized firms,” Holik said.
Holik noted that Shulman Rogers’ fee structure — which offers significantly lower rates than those of many large firms practicing in the highly complex financial industry regulatory area — would give him an ideal opportunity to help small and midsize businesses.
“When I was at PNC, we had several very trusted outside counsel relations, and it was really expensive,” Holik said. “The entire time I was at PNC, I was always looking for an expert with a moderate billing approach. I think the business model here at Shulman Rogers is really going to help support and leverage our ability to help more people.”
Gordy, who joined Shulman Roger in October and chairs the firm’s financial industry regulatory group, brought with her 27 years of experience as a regulator. She was a senior vice president at FINRA and previously served as deputy chief counsel at the U.S. Securities and Exchange Commission.
Holik’s focus areas span securities and bank regulatory compliance, investigations, enforcement matters, rule-making and policy development, enterprise governance, risk management, and alternative dispute resolution advocacy, the firm said in a statement. At Shulman Rogers, he will advise broker-dealers, investment advisers and investors.
He brings a breadth of experience at PNC, where he served as chief legal officer for broker-dealer PNC Investments LLC and provided counsel to bank-related broker-dealer PNC Capital Markets LLC and to institutional investment adviser PNC Capital Advisors LLC.
Holik also had a stint as a financial regulator at the U.S. Commodity Futures Trading Commission and worked for nearly a decade at the National Association of Securities Dealers, now known as FINRA, where he held senior roles in the office of the president, the department of member regulation, and the office of general counsel.
Scott Museles, co-chair of Shulman Rogers’ business and financial services department, said in a statement that “Jeff’s background and goals are wholly aligned with the needs of our financial services clients.”
“He has a deep understanding of how financial institutions operate and the regulatory and compliance challenges they face,” Museles said. “He is highly regarded for his work in the sector, and we are privileged to welcome him to the team.”
–Editing by Edrienne Su.