Partner Margaret Gembala Nelson is the national chair of Foley & Lardner LLP’s Securities Enforcement & Litigation Practice Group. She represents accounting firms, financial service entities, corporations and their professionals in auditor liability matters, government enforcement investigations and examinations, and complex securities and business litigation.
Margaret has more than 20 years of experience as a regulatory and litigation lawyer focusing on complex securities, accounting, compliance, and commercial matters.
Prior to joining Foley, Margaret spent over five years as assistant general counsel for a large accounting firm where she oversaw all of the firm’s regulatory matters and much of its litigation across all business lines. In this role, she regularly interacted with the SEC, PCAOB, Department of Justice, CFTC, FDIC, Department of Labor, FINRA and various state agencies in connection with regulatory inquiries, investigations, and actions. Additionally, she routinely advised the firm on compliance, risk management, and inspection issues, gaining significant insight into the legal issues confronting the accounting industry.
Also before coming to Foley, Margaret worked at the SEC’s Chicago Regional Office for nine years as senior counsel. While there, she spearheaded numerous high-profile investigations and litigation involving a wide array of securities issues, including financial fraud, offering fraud, registration violations, broker-dealer misconduct, advisory conflicts of interest and insider trading, and often coordinated parallel investigations with other federal and state agencies, including the Department of Justice, Department of Labor, FINRA and the New York State Attorney General’s Office. Margaret was also a member of the Asset Management Unit, a national specialized unit within the SEC’s Enforcement Division that focuses on issues relating to investment advisers, investment companies and private funds.
Following law school, Margaret served as a judicial clerk to the Honorable Jerome Turner of the U.S. District Court, Western District of Tennessee. She also worked for a leading Chicago law firm focusing on complex commercial and securities litigation.
More Legal and Business Bylines From Margaret Gembala Nelson
- Dual-Hatted CEO and CCO Named Individually in SEC Settlement for Compliance Violations - (Posted On Thursday, December 22, 2022)
- The SEC’s Latest CCO Case and the Ongoing Need for a Framework - (Posted On Wednesday, August 10, 2022)
- The Fifth Circuit Strikes a Blow to the Constitutionality of SEC Administrative Proceedings - (Posted On Monday, May 23, 2022)
- Lest We Forget, the SEC Cares About Private Equity - (Posted On Thursday, September 23, 2021)
- Ensure Disclosure Controls and Procedures Address Cybersecurity - (Posted On Wednesday, June 16, 2021)
- Private Funds in the Hot Seat under Gensler's SEC - (Posted On Wednesday, June 02, 2021)
- SEC Examination Risk Alert Signals Focus on Digital Asset Securities - (Posted On Friday, March 05, 2021)
- Division of Examinations Issues Risk Alert on Securities Investment that Finance Communist Chinese Military Companies - (Posted On Friday, January 08, 2021)
- SEC Adopts Modernized Marketing Rule for Investment Advisers - (Posted On Tuesday, December 22, 2020)
- 5 Takeaways Regarding OCIE’s Focus on RIAs’ Handling of “Alt Data” - (Posted On Tuesday, December 15, 2020)