Assistant Regional Director, Los Angeles Regional Office
U.S. Securities and Exchange Commission
Karol rejoined the SEC in 2004 as a Staff Attorney and then became a Branch Chief in the Division of Enforcement, before assuming her current role as Assistant Regional Director, LARO Examinations in 2009. Prior to her work at the SEC, Karol was VP and General Counsel for a public company, Regional Counsel for NASD Regulation, Inc. (now FINRA) District 2, and Assistant Director and General Counsel to the New Mexico Securities Division. Karol originally worked for the SEC as a Senior Staff Attorney in the Division of Enforcement in Washington, D.C. from 1990-1992, following experience as General Counsel to a small specialty steel corporation and as a litigation associate at Brobeck, Phleger & Harrison in California. She began her career as a law clerk for the US District Court, Central District of California clerking for the Hon. Albert Lee Stephens, Jr. Chief Judge. Karol holds a BA in Political Science from the University of Illinois in Champaign, and a JD from Loyola University School of Law.
Petillon Hiraide & Loomis LLP
Mark Hiraide, age 51, practices securities and corporate law with Petillon Hiraide & Loomis LLP. He represents companies with securities listed on the NASDAQ, AMEX and OTCBB stock markets, and advises boards of directors, including special committees and senior management, on issues including discharge of fiduciary duties, corporate governance, internal investigations, governmental investigations, management transitions, restructuring and related matters.
Mark represents companies and individuals in governmental investigations, including matters before the U.S. Securities Exchange Commission and the Financial Industry Regulatory Authority. He prosecutes and defends publicly traded companies, directors and officers, broker-dealers, and investment advisers in cases arising out of se3curities offerings, mergers and acquisitions transactions and investment management. Mark also serves as expert witness in federal and state securities law matters and has testified in depositions and at trial on behalf of major law firms including Quinn Emanual Urquhart & Sullivan, LLP and Bryan Cave LLP.
Mark has extensive experience in securities transactional matters, having represented issuers in initial public offerings, PIPE transactions, direct public offerings, venture capital and mergers and acquisition transactions, and public companies, broker-dealers and investment advisers in matters relating to SEC compliance.
Prior to joining Petillon Hiraide & Loomis LLP, Mark was an attorney for the U.S. Securities and Exchange Commission. From 1990 to 1994, he was as an Attorney-Advisor with the SEC's Division of Corporation Finance in Washington, D.C. From 1986 to 1990, he was a Branch Chief in the Division of Enforcement in the SEC's Los Angeles Regional Office. In 1991, he received an appointment as a Special Assistant United State Attorney in the United State Attorney's Office to prosecute a major criminal securities fraud case.
Mark is a past member of the Board of Governors of the Beverly Hills Bar Association, the Board of Governors of the Japanese-American Bar Association and the Corporations Committee of the Business Law Section of The State Bar of California. He served on the editorial committee of the Corporation Committee's "Guide to California Securities Law Practice," and is a contributing author to "Representing Start-Up Companies," (Petillon & Hull), West Group, 1996-2010 and "California Transaction Forms," Bancroft-Whitney, 1996. He received his B.A. degree in economics, with honors, in 1981 from the University of California at Berkeley, his J.D. degree in 1984 from the University of Southern California, and served as a judicial extern to Justice Cruz Reynoso of the California Supreme Court and to the Honorable Robert M. Takasugi of the United States District Court, Central District of California.
Daniel Y.Smith, CFA
ACA Compliance Group
Dan Smith joined ACA in 2004 and is a Managing Director in ACA'S Los Angeles office. Previously he spearheaded the establishment and management of ACA'S Chicago office. He has led numerous engagements for some of the largest and most respected alternative and traditional asset management firms in the world and serves as the primary account manager for a number of those firms on an ongoing basis. In addition to his client work, Dan oversees a large portion of ACA's internal training and testing program.
Prior to joining ACA, Dan spent 5 years as a regulator at the Pacific Regional Office of the Securities and Exchange Commission, first as a Securities Compliance Examiner and later as a Staff Accountant. While at the SEC he led and participated in numerous examinations of investment advisers, hedge funds, and investment companies of all sizes. He helped refer several cases to the SEC's Division of Enforcement and worked closely with the Enforcement staff to pursue those cases. He was also involved in certain SEC focus or "sweep" examinations involving market-timing and late-trading practices.
Dan is a frequent speaker at industry conferences and has been quoted in various industry publications. He received his BA in Economics from Pomona College in Claremont, California. Dan was awarded the Chartered Financial Analyst designation in 2002 and is a member of the CFA Institute and the CFA Society of Los Angeles.