Four Decades for Justice
Elad Roisman is a member of the Corporate Governance and Board Advisory Practice and the Financial Institutions Group (FIG) Practice. Prior to joining Cravath, Mr. Roisman was a Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission (SEC).
Mr. Roisman represents clients on a broad range of complex regulatory and strategic matters. His practice includes advising public and private companies and other SEC registrants on disclosure, compliance, ESG and general corporate law matters. He counsels clients on mergers and acquisitions, capital market transactions and strategic initiatives, as well as on SEC and congressional investigations, exams and inquiries. In addition, Mr. Roisman applies his deep knowledge of market structure regulation to advise fintech companies, exchanges, trading intermediaries and other financial institutions.
As a Commissioner and Acting Chairman of the SEC, Mr. Roisman played an instrumental role in shaping the agency’s rulemaking, enforcement and international work. He led the agency’s efforts to improve the proxy voting process, including amending the rules applicable to shareholder proposals and proxy solicitations. He also helped drive the SEC’s efforts to modernize the regulation of the U.S. equity markets and Treasury markets. Mr. Roisman represented the SEC before the U.S. Congress and other national and international regulatory entities, including the Financial Stability Oversight Council, the International Organization of Securities Commissions and the Financial Stability Board. During his tenure, Mr. Roisman voted on more than one hundred agency rulemakings, opinions, interpretations and guidance documents, and on over 1,000 enforcement actions, including some of the largest cases in the SEC’s history.
Mr. Roisman was appointed to the SEC after serving as Chief Counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he helped shepherd major legislation, conducted congressional oversight and investigations, and helped set committee agenda. Previously, he served as Counsel to then SEC Commissioner Daniel M. Gallagher, Chief Counsel at NYSE Euronext and as a corporate lawyer in private practice in New York.
Mr. Roisman is a frequent speaker, published author and thought leader in the areas of market structure, public company disclosure, corporate governance, ESG, fintech, early stage companies, digital assets and securities regulation.
Mr. Roisman grew up in Israel and New England. He received a B.A. cum laude from Cornell University in 2003 and a J.D. from Boston University School of Law in 2006.
Mr. Roisman represents clients on a broad range of complex regulatory and strategic matters. His practice includes advising public and private companies and other SEC registrants on disclosure, compliance, ESG and general corporate law matters. He counsels clients on mergers and acquisitions, capital market transactions and strategic initiatives, as well as on SEC and congressional investigations, exams and inquiries. In addition, Mr. Roisman applies his deep knowledge of market structure regulation to advise fintech companies, exchanges, trading intermediaries and other financial institutions.
As a Commissioner and Acting Chairman of the SEC, Mr. Roisman played an instrumental role in shaping the agency’s rulemaking, enforcement and international work. He led the agency’s efforts to improve the proxy voting process, including amending the rules applicable to shareholder proposals and proxy solicitations. He also helped drive the SEC’s efforts to modernize the regulation of the U.S. equity markets and Treasury markets. Mr. Roisman represented the SEC before the U.S. Congress and other national and international regulatory entities, including the Financial Stability Oversight Council, the International Organization of Securities Commissions and the Financial Stability Board. During his tenure, Mr. Roisman voted on more than one hundred agency rulemakings, opinions, interpretations and guidance documents, and on over 1,000 enforcement actions, including some of the largest cases in the SEC’s history.
Mr. Roisman was appointed to the SEC after serving as Chief Counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he helped shepherd major legislation, conducted congressional oversight and investigations, and helped set committee agenda. Previously, he served as Counsel to then SEC Commissioner Daniel M. Gallagher, Chief Counsel at NYSE Euronext and as a corporate lawyer in private practice in New York.
Mr. Roisman is a frequent speaker, published author and thought leader in the areas of market structure, public company disclosure, corporate governance, ESG, fintech, early stage companies, digital assets and securities regulation.
Mr. Roisman grew up in Israel and New England. He received a B.A. cum laude from Cornell University in 2003 and a J.D. from Boston University School of Law in 2006.
Education
-
J.D., 2006, Boston University School of Law
-
B.A., 2003, Cornell Universitycum laude
Admitted Only In
New York, Practicing under the supervision of D.C. Bar members
Activities & Publications
December 28, 2022
Cravath Partners Author Article on SEC Rules for Mandatory Clawback Policies for the American Bar Association Business Law Section’s “Business Law Today”
On December 16, 2022, the American Bar Association Business Law Section’s “Business Law Today” published an article written by Cravath partners John W. White, Eric W. Hilfers, Jonathan J. Katz, Elad L. Roisman, Michael L. Arnold, Matthew J. Bobby and Amanda Gold and of counsel Kimberley S. Drexler entitled “SEC Adopts Rules for Mandatory Clawback Policies.” The article, a version of which was originally distributed as a memo to clients and other stakeholders, summarizes the Final Rules adopted by the U.S. Securities and Exchange Commission to implement the clawback provisions of the Dodd‑Frank Wall Street Reform and Consumer Protection Act of 2010. It provides an overview of the clawback policies and related disclosures companies will be required to adopt in order to comply with the Final Rules.
Activities & Publications
December 27, 2022
Cravath Partners Present on Regulatory and Investigations Landscape at Texas General Counsel Forum Program
On December 1, 2022, Cravath partners Jelena McWilliams, John D. Buretta, Noah Joshua Phillips and Elad Roisman conducted a virtual program for members of the Texas General Counsel Forum entitled “Post‑Election Regulatory and Investigations Landscape – What Every GC Should Know (But May be Afraid to Ask).” The Cravath speakers provided their insights drawing on over 40 years of government experience from across the DOJ, FDIC, Federal Reserve, FTC, SEC and the U.S. Senate.
Activities & Publications
December 20, 2022
SEC Adopts Amendments to Rule 10b5‑1 and Adds Insider Trading‑Related Disclosures
On December 20, 2022, Cravath distributed a memo for its clients and other stakeholders entitled “SEC Adopts Amendments to Rule 10b5-1 and Adds Insider Trading-Related Disclosures,” examining Final Rules adopted by the SEC on December 14, 2022, which add a number of new requirements to Rule 10b5-1, which was first adopted by the SEC in 2000 to provide an affirmative defense against charges of insider trading when transactions in a company’s stock are executed at times that an insider may be in possession of material non-public information. These new requirements significantly limit the availability of the affirmative defense provided by that rule to violations of Section 10(b) of the Securities Exchange Act of 1934, include new disclosure requirements and add other mandatory requests for information.
Activities & Publications
December 01, 2022
Elad Roisman Speaks at PLI’s Twentieth Annual Directors’ Institute on Corporate Governance Program
On November 29, 2022, Cravath partner Elad Roisman participated in the Twentieth Annual Directors’ Institute on Corporate Governance, which was hosted by the Practising Law Institute in New York City. Elad was interviewed alongside fellow former Commissioner and Acting Chair Allison Herren Lee on SEC issues that Boards of Directors should be thinking about.
Activities & Publications
November 15, 2022
Jennifer Leete and Elad Roisman Speak at Audit Committee Leadership Network Meeting
On November 10, 2022, Cravath partners Jennifer S. Leete and Elad Roisman spoke at the Fall Audit Committee Leadership Meeting hosted by Tapestry Networks in Washington, D.C. Jennifer’s and Elad’s session reviewed the U.S. Securities and Exchange Commission’s regulatory agenda and enforcement environment.
Elad Roisman is a member of the Corporate Governance and Board Advisory Practice and the Financial Institutions Group (FIG) Practice. Prior to joining Cravath, Mr. Roisman was a Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission (SEC).
Mr. Roisman represents clients on a broad range of complex regulatory and strategic matters. His practice includes advising public and private companies and other SEC registrants on disclosure, compliance, ESG and general corporate law matters. He counsels clients on mergers and acquisitions, capital market transactions and strategic initiatives, as well as on SEC and congressional investigations, exams and inquiries. In addition, Mr. Roisman applies his deep knowledge of market structure regulation to advise fintech companies, exchanges, trading intermediaries and other financial institutions.
As a Commissioner and Acting Chairman of the SEC, Mr. Roisman played an instrumental role in shaping the agency’s rulemaking, enforcement and international work. He led the agency’s efforts to improve the proxy voting process, including amending the rules applicable to shareholder proposals and proxy solicitations. He also helped drive the SEC’s efforts to modernize the regulation of the U.S. equity markets and Treasury markets. Mr. Roisman represented the SEC before the U.S. Congress and other national and international regulatory entities, including the Financial Stability Oversight Council, the International Organization of Securities Commissions and the Financial Stability Board. During his tenure, Mr. Roisman voted on more than one hundred agency rulemakings, opinions, interpretations and guidance documents, and on over 1,000 enforcement actions, including some of the largest cases in the SEC’s history.
Mr. Roisman was appointed to the SEC after serving as Chief Counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he helped shepherd major legislation, conducted congressional oversight and investigations, and helped set committee agenda. Previously, he served as Counsel to then SEC Commissioner Daniel M. Gallagher, Chief Counsel at NYSE Euronext and as a corporate lawyer in private practice in New York.
Mr. Roisman is a frequent speaker, published author and thought leader in the areas of market structure, public company disclosure, corporate governance, ESG, fintech, early stage companies, digital assets and securities regulation.
Mr. Roisman grew up in Israel and New England. He received a B.A. cum laude from Cornell University in 2003 and a J.D. from Boston University School of Law in 2006.
Mr. Roisman represents clients on a broad range of complex regulatory and strategic matters. His practice includes advising public and private companies and other SEC registrants on disclosure, compliance, ESG and general corporate law matters. He counsels clients on mergers and acquisitions, capital market transactions and strategic initiatives, as well as on SEC and congressional investigations, exams and inquiries. In addition, Mr. Roisman applies his deep knowledge of market structure regulation to advise fintech companies, exchanges, trading intermediaries and other financial institutions.
As a Commissioner and Acting Chairman of the SEC, Mr. Roisman played an instrumental role in shaping the agency’s rulemaking, enforcement and international work. He led the agency’s efforts to improve the proxy voting process, including amending the rules applicable to shareholder proposals and proxy solicitations. He also helped drive the SEC’s efforts to modernize the regulation of the U.S. equity markets and Treasury markets. Mr. Roisman represented the SEC before the U.S. Congress and other national and international regulatory entities, including the Financial Stability Oversight Council, the International Organization of Securities Commissions and the Financial Stability Board. During his tenure, Mr. Roisman voted on more than one hundred agency rulemakings, opinions, interpretations and guidance documents, and on over 1,000 enforcement actions, including some of the largest cases in the SEC’s history.
Mr. Roisman was appointed to the SEC after serving as Chief Counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he helped shepherd major legislation, conducted congressional oversight and investigations, and helped set committee agenda. Previously, he served as Counsel to then SEC Commissioner Daniel M. Gallagher, Chief Counsel at NYSE Euronext and as a corporate lawyer in private practice in New York.
Mr. Roisman is a frequent speaker, published author and thought leader in the areas of market structure, public company disclosure, corporate governance, ESG, fintech, early stage companies, digital assets and securities regulation.
Mr. Roisman grew up in Israel and New England. He received a B.A. cum laude from Cornell University in 2003 and a J.D. from Boston University School of Law in 2006.
Education
-
J.D., 2006, Boston University School of Law
-
B.A., 2003, Cornell Universitycum laude
Admitted Only In
New York, Practicing under the supervision of D.C. Bar members
Activities & Publications
December 28, 2022
Cravath Partners Author Article on SEC Rules for Mandatory Clawback Policies for the American Bar Association Business Law Section’s “Business Law Today”
On December 16, 2022, the American Bar Association Business Law Section’s “Business Law Today” published an article written by Cravath partners John W. White, Eric W. Hilfers, Jonathan J. Katz, Elad L. Roisman, Michael L. Arnold, Matthew J. Bobby and Amanda Gold and of counsel Kimberley S. Drexler entitled “SEC Adopts Rules for Mandatory Clawback Policies.” The article, a version of which was originally distributed as a memo to clients and other stakeholders, summarizes the Final Rules adopted by the U.S. Securities and Exchange Commission to implement the clawback provisions of the Dodd‑Frank Wall Street Reform and Consumer Protection Act of 2010. It provides an overview of the clawback policies and related disclosures companies will be required to adopt in order to comply with the Final Rules.
Activities & Publications
December 27, 2022
Cravath Partners Present on Regulatory and Investigations Landscape at Texas General Counsel Forum Program
On December 1, 2022, Cravath partners Jelena McWilliams, John D. Buretta, Noah Joshua Phillips and Elad Roisman conducted a virtual program for members of the Texas General Counsel Forum entitled “Post‑Election Regulatory and Investigations Landscape – What Every GC Should Know (But May be Afraid to Ask).” The Cravath speakers provided their insights drawing on over 40 years of government experience from across the DOJ, FDIC, Federal Reserve, FTC, SEC and the U.S. Senate.
Activities & Publications
December 20, 2022
SEC Adopts Amendments to Rule 10b5‑1 and Adds Insider Trading‑Related Disclosures
On December 20, 2022, Cravath distributed a memo for its clients and other stakeholders entitled “SEC Adopts Amendments to Rule 10b5-1 and Adds Insider Trading-Related Disclosures,” examining Final Rules adopted by the SEC on December 14, 2022, which add a number of new requirements to Rule 10b5-1, which was first adopted by the SEC in 2000 to provide an affirmative defense against charges of insider trading when transactions in a company’s stock are executed at times that an insider may be in possession of material non-public information. These new requirements significantly limit the availability of the affirmative defense provided by that rule to violations of Section 10(b) of the Securities Exchange Act of 1934, include new disclosure requirements and add other mandatory requests for information.
Activities & Publications
December 01, 2022
Elad Roisman Speaks at PLI’s Twentieth Annual Directors’ Institute on Corporate Governance Program
On November 29, 2022, Cravath partner Elad Roisman participated in the Twentieth Annual Directors’ Institute on Corporate Governance, which was hosted by the Practising Law Institute in New York City. Elad was interviewed alongside fellow former Commissioner and Acting Chair Allison Herren Lee on SEC issues that Boards of Directors should be thinking about.
Activities & Publications
November 15, 2022
Jennifer Leete and Elad Roisman Speak at Audit Committee Leadership Network Meeting
On November 10, 2022, Cravath partners Jennifer S. Leete and Elad Roisman spoke at the Fall Audit Committee Leadership Meeting hosted by Tapestry Networks in Washington, D.C. Jennifer’s and Elad’s session reviewed the U.S. Securities and Exchange Commission’s regulatory agenda and enforcement environment.
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