Faith Colish, Counsel - Carter Ledyard & Milburn LLP Attorney

Practice Areas

Corporate, Securities, Internal Investigations and White-Collar Defense

Practice Description

Continuation of the practice of Faith Colish, A Professional Corporation.

Education

A.B., 1956 University of Michigan (Political Science)
Smith College (1952-1954)
J.D., 1960 Columbia Law School

Admissions

1960 New York

Awards/Honors

National Association of Securities Dealers, Inc. - Legal Advisory Board (1995-1998)
Nasdaq, Inc. - Market Operations Review Committee (1996-present), Chairman April 2005-2006
NASD Regulation Inc. - Committee to Review Use of Form U-5 (1996-1997)
NASD Regulation Inc. - Member Admission Review Committee (1998-1999)
Institutional Investor 2001 (Mutual Fund) Trustee of the Year
Arbitrator, American Arbitration Association (1971-present)
Arbitrator, National Association of Securities Dealers, Inc. (1988-2005)
Member, Advisory Board, Mutual Fund Directors Forum (2002 - Present)
- Member, Best Practices Steering Committee (2004)
- Member, Working Group on Brokerage Practices (2004)
Member, Advisory Board - The Bureau of National Affairs, Inc., Securities Regulation & Law Report (Inception to 2003)
Member Editorial Advisory Board - Prentice Hall Law & Business, Insights
Member, Board of Advisers, Fund Directions (inception until end of Board)
Member, Advisory Board, Board IQ (2002 - present)
Chevalier, Ordre National du Mérite (France) (1998)
Editor, Chapter 3, Regulation of Brokers and Dealers, Federal Securities Exchange Act, Matthew Bender (1985)
Lecturer on topics related to broker-dealers and investment advisers, New York State Society of Certified Public Accountants, Foundation for Accounting Education
Panelist on NASD Membership Application Rules and Membership Change Rules, 1999 Fall Securities Conference and 2002 Spring Securities Conference
“Spin-Offs”, The Review of Securities Regulation (1973)
“Arbitrageurs”, The Review of Securities Regulation (1978)

Languages

French

Professional Experience

1977-2002	Faith Colish, A Professional Corporation Clients include securities broker-dealers and money managers, investment advisers, issuers (primarily investment partnerships) involved in private placements of securities, and registered investment companies. Work involves federal and state securities laws, commodities regulation, and general corporate, partnership, limited liability company, and other business matters. Special expertise in process for approval of broker-dealers as members of NASD and national securities exchanges.
1972-1977	Partner, Delson & Gordon Dealt with a wide variety of SEC-related and corporate law matters, including registration of securities, private placements, regulation of broker-dealers and investment advisers, proxy statements, tender offers, acquisitions and divestitures, and SEC reporting rules. Responsible for negotiating and drafting agreements, supervision of junior attorneys, and certain internal administrative matters.
1969-1971	Vice President - Law, Scudder, Stevens & Clark Responsible for all SEC-related matters handled internally, including compliance with reporting and conflict-of-interest provisions of Investment Company Act and Investment Advisers Act. Involved in organization of, and officer and director of, Scudder Development Fund, Inc. Officer of several other investment companies. Reported directly to senior management.
1968-1969	Assistant Counsel, Investment Company Institute Research and advice to members of the Institute on all kinds of questions relating to regulation and administration of mutual funds. Preparation of reports to members on new developments in federal and state securities and tax laws affecting the fund industry. Assisted in the preparation of material for lobbying of bills which led to Investment Company Act Amendments of 1970.
1967-1968	Special Counsel, Securities and Exchange Commission, New York Regional Office Responsible for broad range of administrative matters such as personnel reorganization and restructuring of broker-dealer inspection program. Served as liaison with industry representatives and SEC headquarters, and other government and self-regulatory agencies. Speech writing, public speaking and public relations.
1962-1966	Associate, Winthrop, Stimson, Putnam & Roberts In charge of all blue sky matters. Also worked on a variety of other legal questions, primarily in corporate and SEC related fields.
1960-1962	Attorney, Office of General Counsel, Securities and Exchange Commission Worked primarily on appellate litigation (including some oral arguments), rule-making and comments on pending bills. Liaison officer between SEC and the Administrative Conference of the United States.

Directorships

Director, Neuberger & Berman Selected Sectors Fund, Inc. (formerly “Energy Fund”) (1982-1993)
Trustee, Neuberger Equity Funds (1993-present)
- Chairman, Contract Review Committee (1997-present)
Trustee, Neuberger Berman Advisers Management Trust investment companies and predecessors (used for funding of variable annuities) (1984-present)
- Lead Trustee (1999-2000)
- Chairman, Contract Review Committee (2000-present)
Trustee, Neuberger Income Funds (2000-present)
- Chairman, Contract Review Committee (2000-present)
Director, Neuberger Berman closed-end funds (2002-present)
- Chairman, Contract Review Committee (2002-present)
Director, ABA Retirement Funds (formerly American Bar Retirement Association) (1997-2003); Advisory Director (2003-2006); Adviser (2006)
Director, Columbia Law School Alumni Association (2003-present)

Bar Association Activities

American Bar Association:
- Business Law Section
Member, Subcommittee on Market Regulation (1981-present), Vice Chairman (1985-1998)
Member, Subcommittee on Investment Advisers and Investment Companies (1995-present)
Member, Private Placement Broker-Dealer Task Force (1999-present), Co-Chairman 2005-present
Member, NASD Corporate Financing Subcommittee (2003-present)
- Committee on Developments in Investment Services (1983-present)
Member, Subcommittee on Product and Service Developments (1983-present), Chairman (1987-1990)
- Administrative Law Section
Association of the Bar of the City of New York:
- Member, Securities Regulation Committee (1976-1979; 1989-1992)
- Member, Administrative Law Committee (1963-1966; 1980-1981)
- Delegate to New York State Bar Association House of Delegates (1978-1981)
New York County Lawyers Association:
- Member, Committee on Securities and Exchanges (1978-1989); Chairman (1983-1989)
- Member, Nominating Committee (1984-1986; 1992-1999)
- Delegate to New York State Bar Associates House of Delegates (1984-1990)
- Member, Board of Governors (1986-1992)
- Member, Committee on Committees (1990-1991)
- Special Mediator, Complaint Mediation Panel, Departmental Disciplinary Committee, Supreme Court, Appellate Division,
First Judicial Department (1989-present)