Award will be presented at the C&L Annual Seminar in San Diego on March 13

Washington, DC, March 1, 2023 – SIFMA today announced Richard (Dick) Walker of King & Spalding as the 2023 recipient of the SIFMA Compliance & Legal Society’s Alfred Rauschman Award.

“On behalf of the C&L Society, it is my pleasure to announce Dick Walker as the recipient of the 2023 Alfred J. Rauschman Award,” said Michelle Oroschakoff, president, SIFMA C&L Society. “Dick is a longtime champion of the legal and compliance profession. We appreciate and commend his commitment to and passion for the securities industry.”

Walker is a partner in King & Spalding’s Special Matters & Government Investigations practice group. As part of the firm’s Securities Regulation and Enforcement practice, he represents clients in matters before the U.S. Securities and Exchange Commission, including counselling, internal and government investigations, compliance issues and appellate work.

Walker served as the SEC’s Director of the Division of Enforcement from 1998 to 2001, and prior to that, as General Counsel after serving as Regional Director of the SEC’s Northeast Regional Office. He is the only person in history who has served the SEC as both enforcement director and general counsel. Walker served as General Counsel for Deutsche Bank from 2001 to 2016.

He began his career in private practice and was previously also a partner at Cadwalader.

He graduated cum laude from Temple University Beasley School of Law with a J.D. and earned his B.A. from Trinity College.

The Alfred J. Rauschman Award is presented by the C&L Society annually to a candidate who has demonstrated significant contributions to the compliance and legal communities, promoted open communications among industry practitioners to share ideas and issues, fostered dialogue and communications with regulators and dedicated their career to the securities industry.

Alfred J. Rauschman was a visionary in the securities industry compliance and legal profession. The humble roots of SIFMA’s C&L Society go back to a time in the late 1960s when Al Rauschman and a group of his contemporaries began meeting informally to discuss current compliance, legal, and regulatory topics affecting the securities industry. These early efforts led ultimately to the founding of what is today known as the SIFMA Compliance & Legal Society, and Al Rauschman served as its first president.

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About SIFMA’s C&L Society

SIFMA’s Compliance & Legal Society is the leading forum for compliance and legal professionals working in the financial services industry. With a rich 50-year history, it provides a unique opportunity for industry leaders and regulators to come together to share information and collaborate with the goal of ensuring our capital markets are the most fair, transparent and ethical in the world.

About SIFMA

SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s one million employees, we advocate on legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA).