Columbia University, J.D., 1972
Columbia University, B.A.
Bar & Court Admissions
- New York
Dave Rosedahl has more than 35 years of experience in the financial markets industry, specifically in the securities regulatory area. His unique background as a former chief regulatory officer of the Pacific Exchange; managing director and general counsel for Piper Jaffray Companies; and associate general counsel and corporate secretary for the Securities Industry Association allows him to provide a balanced perspective when advising clients concerning investment and financial services issues, regulatory investigations, enforcement actions, remedial work and general inquiries.
Dave practices primarily in the areas of:
- Regulatory compliance and enforcement
- Financial markets counseling
- Corporate governance
- Dispute resolution
Regulatory Compliance and Enforcement
In addition to his experience as a chief regulatory officer of a national securities exchange, Dave actively participates in securities industry today. He serves as director on the board of the Chicago Stock Exchange and the National Society of Compliance Professionals (NSCP). He has served on policy advisory committees for the New York Stock Exchange (NYSE), chaired the District 8 Committee of NASD [now FINRA] and the Minnesota Commerce Department. His experience includes leadership positions with self-regulatory organizations (SROs), such as serving as chair of the International Intermarket Surveillance Group.
Dave regularly monitors Securities Exchange Commission (SEC) and SRO changes and advises clients on developments affecting them. He has extensive experience reviewing policies and procedures from a risk management and regulatory compliance approach and assists clients in implementing recommended changes to comply with regulatory guidelines.
He assists clients involved in inquiries, formal and unannounced audits, and formal investigations brought by federal, state and SRO regulators. He also conducts internal investigations on matters ranging from "selling away" to theft.
In addition to helping clients respond to enforcement issues, Dave has extensive experience in providing firms and individuals with advice on developing and modifying compliance policies and procedures. He provides day-to-day counseling on a broad range of issues including conduct and supervision of trading in equity/debt securities, listed options and futures. He also guides firms to ensure compliance with negotiated settlements and programs mandated by regulatory changes.
Financial Markets Counseling
Hand-in-glove with his enforcement and regulatory experience, Dave has extensive knowledge in counseling investment advisers, broker-dealers, mutual funds, insurance companies and service providers.
Dave advises clients in the design, development and distribution of investment products and services; assists clients in achieving required regulatory approvals; and supports the design of appropriate compliance procedures. His knowledge of securities, futures, fixed and variable annuities, and other financial markets products is invaluable to clients.
Dave also advises international agencies working with securities exchanges and financial service regulators, including the U.S. SEC Office of International Affairs, the U.S. Agency for International Development (USAID), and the Financial Services Volunteer Corps. In February 2007, Dave participated in an ongoing project sponsored by USAID, which addressed ways in which the Indian government can facilitate the modernization and growth of regulatory and operational elements of its capital raising process. Specifically, Dave was actively involved in providing the Indian government with recommendations aimed at protecting retail investors and improving the regulatory process for investment advisers. He has also worked with regulatory agencies in Colombia, Egypt and the Philippines.
Leadership accountability is as intense as ever in the financial markets industry. Dave is familiar with the legal and regulatory oversight of corporate management and governance. He understands the relationships and roles played by shareholders, management, the board of directors and regulators. Dave serves as independent counsel to boards and board committees and conducts special investigations for general counsel, audit committees, and similar clients. He has served on the advisory board of a broker-dealer and investment adviser headquartered in California.
In the financial markets industry, individuals and companies often find themselves in disputes. Dave’s success representing parties in broker-dealer, corporate finance, employment, customer, and trading disputes, as well as in SEC, state and SRO matters comprise a significant portion of his practice. To help parties resolve disputes, he serves as a mediator and FINRA arbitrator.
Prior to joining the Pacific Exchange in 1998, Dave was a qualified NYSE Allied Member, an NASD Registered Principal and a Registered Options Principal. He is a frequent speaker on securities matters and teaches securities regulation as an adjunct professor at St. Thomas Law School.
Prior to joining Briggs, Dave also practiced law with a New York law firm.
American Bar Association, Member
- Committee on State Regulation for Securities/Subcommittee of Liaisons to the States, Liaison for the State of Minnesota
NASDAQ QMX PHLX Options Trade Review Committee, Member
National Society of Compliance Professionals, Member, Board of Directors
SIFMA, Member, Compliance and Legal Society
National Association of Securities Dealers (NASD) [now FINRA]
- Chair, District 8 Committee
- Nomination, State Regulation and National Arbitration Policy Committees
New York Stock Exchange (NYSE), 1979-1998, Registered Principal and Registered Options Principal
Intermarket Surveillance Group, Chairman, 2002-2003
Minnesota Securities Committee Task Force on Rules, 2006-2007, Member
Minnesota Securities Regulation Advisory Committee/Task Force, Member
Neighborhood Involvement Program, Minneapolis Chair, Board of Directors
Nollenberger Capital Partners, Member, Advisory Board
Minnesota Commerce Department, Securities Advisory Committee
- June 18, 2014
- October 16, 2012
- July 31, 2012
- March 9, 2011
- September 28, 2010
- February 1, 2008
- December 14, 2007
- October 22, 2007
- May 29, 2014
- "Finding the Balance Between Ethics, Risk and Liability," NSCP Annual MeetingOctober 2013
- "Municipal Securities Broker-Dealer Workshop," NSCP Annual MeetingOctober 2013
- Graves 601 Hotel 601 1st Avenue North Minneapolis, MN 55403, June 14, 2013
- 10:15 a.m. – 11:15 a.m. | New York, New York, February 25, 2011
- "Transitioning Representatives, Legal and Compliance Issues When Representatives Jump Firms," Panelist, American Law Institute - American Bar Association (ALI-ABA)October 2010
- 9 a.m. – 1:30 p.m. | New York, New York, September 17, 2010
- "State Securities Examination Findings and the Impact on Broker-Dealers," FSI Web ConferenceDecember 2009
- "State Securities Examination Findings and the Impact on Fiancial Advisors," Financial Services Institute (FSI) Web ConferenceDecember 2009
- "Gifts, Entertainment, Political Contributions, Charitable Contributions and Non-cash Compensation Issues," National Society of Compliance Professionals (NSCP) National MeetingOctober 2009
- "Upcoming Regulatory Examination Priorities - Be Prepared," FSI Web ConferenceApril 2009
- October 20, 2008 - October 22, 2008
- September 17, 2008
- "Achieving the Best Results on the SEC Exam," Panelist, University of Minnesota Carlson School of Management's "Demands of 1940 Act of Compliance: Hard Facts and Soft Skills"January 2008
- "Regulation S-P: The Privacy Issues, Challenges and Interpretations Facing Financial Advisors Today" FSI Web ConferenceNovember 2007
- Briggs Attorneys Present on Hot Topics at Annual Meeting of National Society of Compliance ProfessionalsOctober 24, 2007
- "BD Annual Certification and Supervisory Controls: Lessons Learned," Co-Presenter, NSCP Annual MeetingOctober 2006
- "Outsourcing Roundtable," Co-Presenter, NSCP Annual MeetingOctober 2005
- "The Role and Responsibilities of the Chief Compliance Officer," Co-Presenter, Securities Industry Association (SIA) Independent Firms ConferenceMay 2005
- July 9, 2014
- June 3, 2014
- Alert: Minnesota Adopts NAIC Model Rules on Suitability of Annuity Transactions, to be Effective June 1, 2013May 23, 2013
- March 6, 2013
- "Practical Implications Regarding the Safeguarding of Customer Information," Chapter 15: PLI's Investment Adviser Regulation: Treatise Guide to Compliance and the Law, Co-Author with A. Small. Chapter 28: "PLI Broker-Dealer Regulation Treatise,"2013
- "Chapter 28: Practical Implications Regarding the Safeguarding of Customer Information," Co-Author with A. Small, PLI Treatise: Broker-Dealer Regulation2013
- November 4, 2011
- May 26, 2011
- February 25, 2011
- December 27, 2010
- May 5, 2010
- April 27, 2010
- ALERT - FINRA Announces the Effective Date of the Qualification Rules for Investment Banking ProfessionalsAugust 12, 2009
- June 11, 2009
- May 29, 2009
- "Whatever Brudy Wants, Brudy Gets' Chapter 2 of the Playboy Bunnies and Velcro-Covered Dwarf Saga," NSCP CurrentsApril 2008
- October 8, 2007
- October 1, 2007
- September 15, 2007