Former SEC Enforcement Attorney Dennis A. Stubblefield brings over 42 years’ experience in representing clients in securities regulatory, enforcement, and litigation matters. He has substantial experience in representing independent contractor broker-dealers and their registered persons, including in crisis management situations involving multi-faceted threats from regulators, private litigants and competitors. Key to this representation is the strategic use of internal investigations. He also serves as an expert witness, particularly in matters implicating broker-dealer compliance and supervision, in the context of the retail delivery of investment products and services, and as a mediator of customer-advisor and securities industry disputes. Mr. Stubblefield has significant experience in cases involving Ponzi schemes, microcap/penny stock fraud, private placements, and insider trading.
Mr. Stubblefield began his nearly 7-year tenure with SEC Enforcement in the Home Office Section of Criminal Reference and Special Proceedings. He investigated and litigated various cases, including the successful three-week trial against the perpetrators of a "pump-and-dump" scheme, also preparing an annotated criminal reference report which assisted the United States Attorney for the Southern District of New York in the successful prosecution of the scheme's promoter for perjury. As head of Enforcement in the then Miami Branch Office, he obtained both emergency and permanent injunctive relief to stop an oil and gas boiler room fraud; other assignments at the Commission included matters involving counterfeit securities, insider trading, accounting fraud, investment adviser fraud, broker-dealer failure-to-supervise, corporate governance/FCPA-related compliance, municipal securities and parallel proceedings.
Following the SEC, Mr. Stubblefield served in both private law firms and within major corporations, including broker-dealers and a major franchise system. While in private practice, he was privileged to be a senior member of a litigation team which obtained a rare summary judgment on behalf of two officers and directors in a securities "fraud-on-the-market" class action. His most recent corporate position was General Counsel of three AIG/SunAmerica broker-dealers (also serving in the capacity of Chief Compliance Officer of two of those firms).
He is an adjunct professor of law at Lewis & Clark Law School, where he teaches Securities Regulation, and Business Law: Lawyering and Ethics. He regularly presents and writes on topics concerning securities regulation, broker-dealer compliance and supervision, and investment-related arbitration and mediation. His contributions include articles and programs through organizations such as National Regulatory Services, National Association of Independent Broker-Dealers, and the bar associations of Orange County, and northern San Diego County.
Mr. Stubblefield obtained his undergraduate degree in 1972 from University of California, Berkeley (A.B./Social Science Field Major), and was awarded his law degree (J.D.) in 1976 from University of Southern California Law Center, where he served as a Note and Article Editor of its Law Review. He is a member of the California State Bar, and admitted to practice before the United States Court of Appeals, Ninth Circuit, and all California federal district courts. He is a member of the Orange County Bar Association (Newport Beach, CA), the Federal Bar Association, Oregon Chapter, and the Clark County Bar Association, Vancouver, WA.
Mr. Stubblefield can be reached at 760-533-0233, or firstname.lastname@example.org.