Richard A. Levan to chair Philadelphia Bar Association Securities Regulation Committee

Philadelphia, Pa.—July 17, 2006—Richard A. Levan, a founding partner of the Philadelphia law firm Levan Friedman LLP, has been appointed chair of the Securities Regulation Committee of the Business Law Section of the Philadelphia Bar Association.  Long dormant, the committee is being reinvigorated to serve the needs and interests of the association’s securities practitioners.

Mr. Levan is a leading authority on the legal and regulatory obligations of Investment Advisors and Broker-Dealers, with extensive experience in both the government and private sectors.  Before establishing Levan Friedman, Mr. Levan was a partner at Drinker Biddle & Reath LLP, where he co-chaired both the firm’s Securities Litigation and Regulation Group and its Financial Services Integration Group.  He has also served as a senior official in the Securities and Exchange Commission’s Philadelphia office and as an Assistant U.S. Attorney in the U.S. Department of Justice in Washington, D.C.   

In addition to his extensive compliance and counseling background, Mr. Levan has over twenty-four years' experience handling civil and criminal cases initiated by such entities as the U.S. Department of Justice, the Securities and Exchange Commission, state securities regulators and self-regulatory organizations such as the NASD, the New York Stock Exchange, and the Philadelphia Stock Exchange.

Levan Friedman LLP focuses particularly on the legal and compliance needs of the financial services industry, with particular emphasis on Securities Litigation, SEC and NASD Enforcement Proceedings, Internal Investigations, Investment Adviser Regulation, Broker-Dealer Regulation and Compliance Counseling and Training.