Mr. Citera is counsel in Davis Polk & Wardwell’s Financial Institutions Group and a senior lawyer in the firm’s Broker-Dealer and Market Regulation practice. He has extensive experience representing broker-dealers, banks, investment banks, investment advisers and other financial institutions in a wide range of legal, compliance and regulatory matters. His advisory practice focuses on the full scope of broker-dealer regulatory issues, including compliance, supervision, trading, sales, market structure, derivatives and technology. He has managed implementation of major regulatory, technological and market structure changes, including SEC Regulation NMS and SEC Regulation SHO. He also structures and implements supervisory and compliance programs and procedures, conducts internal investigations and compliance reviews, and represents clients in SEC and SRO examinations, investigations and enforcement proceedings. He provides practical legal and business advice to his clients based on over a decade of experience working directly in large securities firms.

Mr. Citera has published numerous articles and practice outlines on various securities law issues and is a frequent speaker at industry conferences on broker-dealer regulatory issues. His recent publications include “Top Ten Regulatory Initiatives Affecting the U.S. Equity Trading Markets,” Bloomberg Law Reports, August 2007; “Broker-Dealer Supervision: A New Paradigm,” Insights: The Corporate & Securities Law Advisor, July 2007; and “10 Principles for Enhancing IT Control Programs,” Securities Law360, June 2007.

Mr. Citera graduated, magna cum laude, from the State University of New York at Albany in 1977 and in 1980 received his J.D., magna cum laude, from the State University of New York at Buffalo, where he served on the law review. He is admitted to the bars of New York and the District of Columbia.

Before joining Davis Polk, Mr. Citera was the head of the Broker Dealer Regulatory practice at Chadbourne & Parke. From 2000 to 2007, he was Regulatory Risk Manager for the U.S. Equities Division of UBS Securities, LLC., where he managed legal, compliance and regulatory risk. He served as Deputy General Counsel of PaineWebber Securities, where he managed the Capital Markets Group of the Legal Department, from 1994 to 1999. Earlier in his career, Mr. Citera was a lawyer with the Securities and Exchange Commission’s Division of Market Regulation and Office of General Counsel, and in private practice in the securities enforcement and broker-dealer regulatory group at Wilmer, Cutler & Pickering.

Since 2003, Mr. Citera has been a member of the Rockefeller College Advisory Board at the University at Albany, where he serves as the co-chair of the Program Committee. He is one of the founders of, and serves on the Executive Committee for, the Program in Financial Market Regulation, also at the University at Albany. Since 2006, he has served as a guest lecturer and project manager for the SUNY Buffalo Program in International Finance and Law. In 2007, he received the Excellence in Alumni Service Award from the University at Albany.