Mary Payne is a member of Reed Smith’s Financial Industry Group, where she focuses on representing financial services clients on a broad range of legal and regulatory issues relating to securities laws. Her practice encompasses securities registration, compliance, and regulatory issues affecting securities products, including the federal securities laws administered by the U.S. Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”), and the rules of the Financial Industry Regulatory Authority (“FINRA”) and the National Futures Association (“NFA”). Her clients are primarily:
- Exchange-traded commodity pools and more conventional exchange-traded funds (both “ETFs”)
- Insurance companies issuing investment-oriented fixed and variable insurance products
In addition to the design and registration of financial products (as well as issues relating to the ongoing administration and distribution of such products), her practice involves a significant amount of work with unregistered financial products.