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Faith Colish

Faith Colish



Faith Colish

Counsel

2 Wall Street, New York, NY 10005
212-732-3200, Fax: 212-732-3232
colish@clm.comDownload Vcard

Practice Description

Continuation of the practice of Faith Colish, A Professional Corporation focused on advice to broker-dealers and investment advisors on regulatory matters.

Admissions

  • 1960 New York
  • 1961 U.S. Court of Appeals, Second Circuit

Affiliations

  • American Bar Association:
    • Business Law Section
      • Committee on Federal Regulation of Securities (1980-present)
        • 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
      • Member, Committee on Securities Law (1975-1981)
  • 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)

Prior 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.

Language(s)

  • French

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)

Pro Bono Industry Activities

  • National Association of Securities Dealers, Inc. - Legal Advisory Board (1995-1998)
  • Nasdaq, Inc. - Market Operations Review Committee (1996-present), Chairman (April 2005-April 2006)
  • NASD Regulation Inc. - Committee to Review Use of Form U-5 (1996-1997)
  • NASD Regulation Inc. - Member Admission Review Committee (1998-1999)
  • 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)

Education

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

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