William Jannace

William Jannace

William Jannace is an Affiliate Expert with Bates Group where he utilizes his 28 years of experience in the securities industry at the American and New York Stock Exchanges, FINRA and two investment banking firms.  He managed FINRA’s Sales Practice Policy department responding to interpretive, policy and disposition requests, covering: capital markets/IPOs/private placements/Regulation D and S offerings/Rule 144A/144 resales, research/soft dollars, communications with the public, AML, registration and qualification examinations/waivers, books and records/customer confirmations/account statements, broker-dealer registration, broker-dealer-investment adviser relationships/fee-based accounts and mutual fund distributions, clearing/prime brokerage agreements, supervision, MSRB rules, outsourcing/Rent-a-Finop/CCO, bank sweeps/ACATs, suitability/KYC/churning/Rule 10b-5, outside business activities/private securities transactions/outside accounts, Forms: BD, U4, and U5, and conflicts of interest.

In addition to his responsibilities at Bates Group,  Mr. Jannace  teaches courses at Fordham School of Law, Wharton Business School, Georgetown Global Education Institute, and Financial Markets World on: Capital Markets/IPOs/Exempt Offerings/ADRs; Securities/SRO/Mutual Fund/Investment Adviser/Broker-Dealer Regulation; Broker-Dealer Operations/Net Capital/Customer Protection/Prime Brokerage/Short Selling/Clearance and Settlement; Corporate Governance/Proxy/Activism/Corporate Social Responsibility and Corporate Diplomacy/Environmental, Social, Governance/Impact Investing/Climate Change/COP21, State Capitalism/Family Firms/ Sovereign Wealth Funds/Geopolitics/Geoeconomics.

While working as a regulator, Mr. Jannace interfaced with the SEC, NASD, state regulators/trade associations (SIFMA) in shepherding proposals for approval; and helped draft reports on: research analyst conflicts; secondary trading of private companies; transparency enhancements to the securities lending marketplace; and on mutual regulatory recognition. He participated in the Compliance Advisory Group, OSRC, and IOSCO initiatives. He also led a FINRA initiative to rewrite its membership rules. Rule proposals/ guidance included:  SRO Rule Harmonization; Portfolio Margin; Outsourcing/Rent-a-Finop/CCO; Bank Sweeps/Account Transfers/ACATs; Statutory Disqualifications; Broker-Dealer Registration/Finders; CEO Certification/Internal Controls/Supervision; Branch Office Structure and Supervision; Review/Supervision of Electronic Communications; AML/Patriot Act/OFAC/SDNs; IPO Allocations/Research Analyst Conflicts/Qualification Examination; Business Continuity/Contingency Planning

Mr. Jannace also worked in the Enforcement Department where he investigated violations of securities laws/SRO rules, conducted OTRs, drafted reports of investigation/statement of charges/settlements and conducted contested/settlement proceedings against firms and their employees. Predicate violations investigated, included: unauthorized/unsuitable/excessive trading/churning/options fraud/margin requirements, books and records violations, market manipulation/short squeezes/front-running/trading ahead/option position limits/market-making obligations, and failure to supervise.

He also worked at TD Securities and Smith Barney Shearson, providing legal advice on/reviewed or responsible for: Regulation D/S offerings/144A/144 resales/10b-18 share buybacks; Offering Memorandums/Underwriting and Prime Brokerage Agreements; Research reports and trading approvals for new issues/secondary offerings; Issuing penny stock approvals and approving plans of solicitation; Ensured trade reporting/Control Room/employee/firm trading compliance; Responding to SEC/SRO examinations/member of the “Best Execution” committee

 He was an account executive at Georgeson and D.F. King serving as liaison for corporations/institutional shareholders regarding corporate governance issues; assisted on proxy fights/tender offers for corporate raiders/listed companies; liaison with trading floor and arbitrageurs to provide market color to listed companies; monitored trading versus 13F filings to determine changes in shareholder ownership.   He was also Series 7/63 licensed at Drexel Burnham/Paine Webber and Series7/55 licensed at TD Securities.

Mr. Janace is also a research affiliate with the Fletcher Network for Sovereign Wealth and Global Capital. Mr. Jannace received his J.D. from New York Law School in 1992, his LL.M. in Corporate, Banking, and Finance Law from Fordham Law School in 1996, is a member of the State Bars of New York and Connecticut; received a B.A. in Economics from New York University and Environmental, Social and Governance investment training from the International Corporate Governance Network. William Jannace is also a FINRA Non-Public Arbitrator, a Fellow, Chartered Institute of Arbitrators, a member of the New York International Arbitration Center and a Certified Member of the Association of Certified Anti-Money Laundering Specialists.  Mr. Jannace has also participated in a crisis negotiation exercise with the U.S. Army War College. He has consulted for The World Bank and volunteered for the Interfaith Center on Corporate Responsibility, the Asset Owners Disclosure Project, and served as a judge for the SIFMA Foundation InvestWrite Competition, and various moot court competitions at Fordham Law School and New York Law School.  Mr. Jannace is a member of the Bretton Woods Committee and the NGO Committee to Stop Trafficking in Persons. 

Mr. Jannace has also conducted overseas training programs for the: IOSCO/PIFS-Harvard Law School; Russian Securities Commission/Stock Exchange; East African Securities Regulatory Authority/Uganda; Saudi Arabian Capital Markets Authority; Securities and Exchange Board of India; Ukrainian Securities/Stock Market State Commission; Romanian Securities Commission; Jordanian Securities Commission; Capital Markets Authority of Turkey; Albanian Financial Supervisory Authority; Central Bank of Burundi; East African Secretariat/Tanzania; New York Institute of Finance/Beijing; and the Taiwan Stock Exchange 


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William Jannace

A Consultant and subject matter expert in these services:

Credentials

EXPERIENCE

Adjunct Professor/Lecturer/Expert-Consultant/Associate/Arbitrator and Research Affiliate, Aug. 2015-Present,

Courses/Topics: Capital Markets/IPOs/Exempt Offerings/ADRs, Securities/SRO/Mutual Fund/Broker-Dealer/Investment Adviser Regulation/Operations/Net Capital/Customer Protection/Prime Brokerage/Short Selling/Introducing-Clearing Agreements, Financial Literacy, Proxy Rules/Corporate Governance/Shareholder Activism/Corporate Social Responsibility, Corporate Diplomacy/Environmental, Social, Governance and Impact Investing, Climate Change/COP21, State Capitalism, Family Firms, Sovereign Wealth Funds, Geoeconomics and Geopolitics at:

FORDHAM SCHOOL OF LAW                                                                                

FLETCHER NETWORK for SOVEREIGN WEALTH and GLOBAL CAPITAL

GERSON LEHRMAN GROUP

GEORGETOWN GLOBAL EDUCATION INSTITUTE

WHARTON BUSINESS SCHOOL

FINRA  

THE BRETTON WOODS COMMITTEE

INTERNATIONAL INSTITUTE FOR CONFLICT PREVENTION AND RESOLUTION

INTERFAITH CENTER ON CORPORATE RESPONSIBILITY

FINANCIAL MARKETS WORLD

NGO COMMITTEE TO STOP TRAFFICKING IN PERSONS

STANFORD INSTITUTE for INNOVATION in DEVELOPING ECONOMIES

ASSET OWNERS DISCLOSURE PROJECT

FINRA; F/K/A NEW YORK STOCK EXCHANGE REGULATION, June 2001-August 2015                            

  • Director and Counsel - Sales Practice Policy
  • Managing Director - Member Firm Regulation
  • Senior Special Counsel - Member Firm

TORONTO DOMINION SECURITIES, Aug. 2000-June 2001

  • Senior Associate – Legal and Compliance

AMERICAN STOCK EXCHANGE, Feb. 1994-Aug. 2000

  • Staff Attorney – Enforcements & Investigations Department 

SMITH BARNEY SHEARSEN, INC., Jun. 1993-Feb. 1994

  • Market Surveillance Analyst - Compliance Department

GEORGESON & COMPANY, INC.; D.F. KING COMPANY, INC., Sept. 1988-1992

  • Senior Account Executive

PAINE WEBBER, INC., Oct. 1987-Aug. 1988

  • Stock Broker Trainee

P.S. & W TRANSPORTATION, INC., Oct. 1980- Sept. 1987

  • Owner of Ambulette Service
EDUCATION

NEW YORK UNIVERSITY – SPS, Candidate-Graduate Certificate in Global Energy Studies, Jan. 2018

CHARTERED INSTITUTE OF ARBITRATORS, International Commercial Arbitration Training Program, Oct. 2016

NEW YORK UNIVERSITY – SPS, Economic and Security Program- Moscow, Russia, June 2016

ASSOCIATION OF CERTIFIED ANTIMONEY LAUNDERING SPECIALISTS, Candidate-CAMS, April 2016

NEW YORK UNIVERSITY/ARMY WAR COLLEGE, Special Crisis Negotiation Exercise, April 2016

NEW YORK UNIVERSITY – SPS, Sustainable Development Program-La Paz, Bolivia, Jan. 2016

NEW YORK UNIVERSITY – SPS, Global Affairs Program – Certificate, May 2015

NEW YORK UNIVERSITY – SPS, U.N. Geneva Program-Geneva, Switzerland, June 2014

INTERNATIONAL CORPORATE GOVERNANCE NETWORK, ESG Integration Training Program, June 2014

SECURITIES INDUSTRY INSTITUTE/WHARTON BUSINESS SCHOOL, Certificate Program/Member of the Board of Trustees/Lecturer, 2004-2016

FORDHAM UNIVERSITY SCHOOL OF LAW, L.L.M.: BANKING, CORPORATE AND FINANCE LAW, 1996

NEW YORK LAW SCHOOL, J.D., 1992                                                                                                                                 

NEW YORK UNIVERSITY, B.A., ECONOMICS, 1981                                                                                                            

BAR ADMISSIONS

New York

Connecticut

Automat:ee