Citera, Gerard | Lawyers | Davis Polk & Wardwell LLP

Gerard Citera

Counsel

gerard.citera@davispolk.com

Mr. Citera is counsel in our 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. Mr. Citera 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.

Contact

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New York
450 Lexington Avenue
New York, NY 10017
P: 212-450-4881
F: 212-701-5881

Related Practices

Bar Admissions

State of New York
District of Columbia

Education

B.A., SUNY Albany, 1977
J.D., University at Buffalo Law School - SUNY, 1980

Of Note

In 2007, he received the Excellence in Alumni Service Award from the University at Albany
Since 2006, Mr. Citera has served as a guest lecturer and project manager for the SUNY Buffalo Program in International Finance and Law
He has published numerous articles and practice outlines on various securities law issues
Mr. Citera is a frequent speaker at industry conferences on broker-dealer regulatory issues

Membership

Member, Advisory Board of the Nelson A. Rockefeller College of Public Affairs
SUNY Albany, (Chair of Program Committee), 2003 to present
Member, Advisory Council of the Program in Financial Market Regulation,
SUNY Albany, 2006 to present (Member of Executive Committee)
Guest Lecturer and Project Manager, SUNY Buffalo Law School Financial Institute, 2006 to present
Member, Securities Industry Association, Legal and Compliance Division
Member, Securities Law Committee, New York State Bar Association
Member, Securities Regulation Committee, Business Law, New York State Bar Association
Member, District of Columbia Bar Association, Securities Law Section
Member, SEC Alumni Association (ASECA)

Professional History

Counsel, Davis Polk, 2008-present
Counsel, Head of the Broker-Dealer Regulatory Practice, Chadbourne & Parke, 2007
Executive Director, UBS Securities, 2000-2007
Deputy General Counsel, Managed the Capital Markets Group of the Legal Department, PaineWebber Securities, 1994-1999
Counsel, Securities Enforcement and Broker-Dealer Regulatory Group, Wilmer, Cutler & Pickering, 1985-1994
Attorney, Division of Market Regulation and Office of General Counsel, Securities and Exchange Commission, 1982-1985

News

Davis Polk Lawyers to Speak on SEC’s Market Structure Initiatives

Davis Polk Advises Citigroup on Its Wealth Management Joint Venture With Morgan Stanley

Publications

The SEC’s New Short Sale Rule: Implications and Ambiguities
Client Memorandum

Treasury Proposes “Volcker Rule” Legislative Text
Client Memoradum

SEC Approves New Short Sale Price Test
Client Newsflash

FINRA Proposes Changes to New and Continuing Membership Application Processes
Client Memorandum

SEC Proposes Rule Regarding Sponsored Access
Client Memorandum

FINRA Proposes Changes to Personnel Registration Requirements
Client Memorandum

SEC Issues Concept Release on Equity Market Structure
Client Memorandum

FINRA Proposes New Rules Governing Member Payments to Unregistered Broker-Dealers
Client Memorandum

SEC Proposes Additional Transparency for “Dark Pools” and Intends to Issue Additional Market Structure Proposals and Concept Release Soon
Client Memorandum

FINRA Proposes Amendments to Communications Rules, Including New Pre-Filing Requirements for Structured Products Communications
Client Memorandum

SEC Proposes to Ban “Flash” Orders; Announces Broad Review of Market Structure Issues
Client Newsflash

Short Sales: SEC Staff Provides Guidance on Short Sale Order-Marking Issues, Updates Regulation SHO FAQs
Client Newsflash

Short Sales: SEC Adopts Final Rule 204, Allows Rule 10a-3T (Form SH) to Expire and Announces Other Short Sale Initiatives
Client Newsflash

Obama Administration White Paper on Financial Regulatory Reform: Executive Summary and Outline of Key Proposals
Client Newsflash

Short Sale Proposals: Key Questions
Client Memorandum

Proposed Short Sale Restrictions
Client Newsflash

FINRA Proposes Amendments to Reporting Requirements
Client Memorandum

SEC Amends Order Temporarily Banning Short Sales of Financial Companies to Modify Scope of Covered Securities and Expand Exemption for Derivatives Market Makers
Client Newsflash

SEC Issues Order Temporarily Banning Short Sales of Public Securities of 799 Financial Companies
Client Newsflash

SEC Issues New Rules on Naked Short Sales and Plans Further Actions to Combat Market Abuses
Client Newsflash

SEC Issues Emergency Order Restricting the "Naked" Short Selling of Fannie Mae, Freddie Mac and Certain Other Substantial Financial Firms
Client Newsflash

SEC Proposes to Liberalize Exchange Act Rule 15a-6 Concerning U.S. Activities of Non-U.S. Broker-Dealers
Client Memorandum

FINRA Proposes Amendments to Supervision Rules
Client Memorandum

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