Holly Smith is a member of Sutherland’s Financial Services Practice Group, where she advises product developers, broker-dealers, insurance companies and securities exchanges on the application of the U.S. federal securities laws and the rules of the self-regulatory organizations.

Before joining the firm, Holly spent 13 years at the SEC, where she served as counsel to Commissioner Mary L. Schapiro for approximately five years and later was appointed an Associate Director in the SEC’s Division of Market Regulation (now the Division of Trading and Markets). Her responsibilities as Associate Director included oversight of the U.S. stock exchange, options and over-the-counter markets and certain rulemaking under the Securities Exchange Act of 1934. She worked extensively on sales practice, compliance and market structure issues, including the development and adoption of rules regarding the handling of customer orders and the treatment of quotations entered into electronic communications networks. In addition, she advised the SEC on matters relating to the sale of over-the-counter derivatives.