Regulatory Counsel

As a Regulatory Counsel at the Long-Term Stock Exchange (LTSE), you will have a variety of key responsibilities. This includes identifying, drafting, and submitting rule filings to the SEC while serving as a liaison with their staff. You will also be responsible for researching and interpreting SEC and SRO rules, reviewing listings applications for compliance, and approving marketing materials. Furthermore, you will support internal and external regulatory examinations and prepare board and exchange committee materials, all of which are critical for ensuring LTSE's adherence to applicable regulations.

To be considered for the Regulatory Counsel role at the Long-Term Stock Exchange (LTSE), candidates should hold a Juris Doctor (JD) degree and have a minimum of 3 years of hands-on experience related to SEC regulations, either from an exchange, SRO, or a relevant law firm. Familiarity with the 19b-4 filing process and the ability to draft rules is also essential. Excellent written and verbal communication skills, superior organizational abilities, and creative problem-solving skills are vital for success in this position.

The working environment for a Regulatory Counsel at the Long-Term Stock Exchange (LTSE) is dynamic and innovative, characterized by a startup culture that is supportive and collaborative. You will work with a committed and skilled team that values diversity, equity, and inclusion, while having the flexibility of a remote-first work strategy. The culture encourages personal and professional growth, making it an ideal setting for those who thrive in a fast-paced and ever-evolving landscape.

New Regulatory Counsels at the Long-Term Stock Exchange (LTSE) will partake in comprehensive training designed to help them acclimatize to the exchange's operations, culture, and regulatory frameworks. This training includes enterprise-wide educational programs that cover SEC rules and regulations, as well as practical insights into the exchange's specific policies and procedures. Additionally, ongoing professional development opportunities are made available annually to support continuous learning and skill enhancement.

LTSE provides a comprehensive benefits package for its Regulatory Counsel employees, which includes generous medical, dental, vision, and EAP benefits. Employees enjoy a flexible vacation policy that mandates a minimum of four weeks of vacation per year. LTSE also supports professional growth with an annual educational stipend, offers caregiver leave for new parents, and has a robust 401k program. Furthermore, LTSE encourages community engagement through a donation matching program, making it a rewarding place to work.

When addressing compliance issues as a Regulatory Counsel at LTSE, it's important to first assess the specifics of the situation and gather all relevant information. Utilize your understanding of SEC regulations and LTSE's internal policies to identify potential risks, consult with colleagues for diverse perspectives, and propose actionable solutions. Highlighting your experience with similar issues in the past could demonstrate your capacity to navigate compliance challenges effectively.

The 19b-4 filing process involves submitting proposed rule changes to the SEC for review. In your answer, describe how you would draft and prepare the filing, ensuring that all regulatory requirements are met. Emphasize the importance of clear documentation and collaboration with relevant stakeholders at LTSE and the SEC, as well as the ongoing communication throughout the review process to address any concerns raised by regulators.

In a fast-paced environment such as LTSE, prioritization is key. I would assess tasks based on their urgency and importance, and develop a structured schedule to manage deadlines effectively. Utilizing tools for task management and maintaining open communication with team members fosters collaboration and ensures that priorities align with organizational goals. Flexibility and adaptability are crucial since shifting priorities may arise frequently.

In responding to your experience with drafting regulatory policies, be specific about the types of policies you've developed and for which organizations. Discuss your approach to researching, drafting, and reviewing policies while considering regulatory expectations. Mention collaboration with legal and compliance teams, and how you ensured that all relevant laws and rules were incorporated to create effective and compliant policies.

During your interview, share a specific instance where you presented intricate regulatory information. Explain your strategy for breaking down complex material into easily digestible parts, how you engaged your audience during the presentation, and received feedback. Emphasize the importance of clarity in communication, especially with stakeholders who may not have a legal background.

Staying informed about changes in SEC and SRO regulations is crucial for a Regulatory Counsel. I regularly dedicate time to follow regulatory updates through official SEC communications, industry publications, and engaging with professional networks. Participating in webinars and industry conferences also helps me understand imminent changes and insights shared by regulators and peers, ensuring that my knowledge remains current.

Communication is vital in the role of a Regulatory Counsel as it facilitates collaboration with regulatory bodies such as the SEC, internal teams, and external counsel. Being able to effectively convey complex legal concepts while actively listening to stakeholders' concerns can enhance understanding and foster stronger relationships. In addition, communicating clearly can help ensure compliance and mitigate risks associated with regulatory changes.

A team-oriented mindset is essential at LTSE because collaboration enhances innovation and problem-solving capabilities. As Regulatory Counsel, working closely with colleagues across various departments allows for a broad view of compliance challenges, which can yield more comprehensive and effective solutions. Emphasize how working together fosters a supportive culture and drives the organization's collective mission of promoting long-term sustainable growth.

Effective rule interpretation requires a thorough understanding of the relevant regulations and context. I adopt a methodical approach by breaking down the rule’s components, considering its intent, and researching relevant case law. Engaging with colleagues and legal experts can provide additional insights, while documenting interpretations and ensuring timely updates when regulations change is essential for maintaining clarity and compliance.

LTSE stands out as a unique workplace due to its commitment to reimagining the capital markets for a more equitable future. The focus on long-term investor relationships and sustainable growth creates an inspiring mission. Additionally, LTSE's emphasis on diversity, equity, and inclusion, combined with a supportive team environment, empowers employees to make significant contributions while fostering growth and balance in their professional lives.