G. Philip Rutledge

Philip Rutledge is a partner of Bybel Rutledge LLP. As an AV rated lawyer by Martindale Hubbell, his practice focuses on business and corporate law, securities offerings and compliance, regulation of financial intermediaries, and regulatory representation including representation before the SEC, FINRA and state securities regulators.

Mr. Rutledge has a national reputation in securities regulation and was instrumental in shaping various provisions of significant US financial services legislation, including the Securities Markets Improvement Act of 1996, the Gramm-Leach-Bliley Financial Modernization Act of 1999, the Sarbanes-Oxley Act of 2002, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

When in government, Mr. Rutledge served as an expert witness on behalf of the Pennsylvania Office of the Attorney General in civil securities litigation and has testified as a securities expert before the United States Senate Permanent Subcommittee on Investigations. In private practice, he has been engaged as an expert witness in FINRA arbitration proceedings and in civil litigation.

Other Professional Involvements

• Visiting Professor of Securities Law & Regulation, BPP University Law School, London (2015-present)
• Tutor, Centre for Financial and Management Studies, University of London (2008-present)
• Editorial Advisory Board, The Company Lawyer (London)
• Full Member, Securities Expert Roundtable (2013-present)
• Member, Securities Regulation Advisory Committee, American Law Institute (2007-present)
• Lecturer, International Symposium on Economic Crime, University of Cambridge, England (1987-present)
• Member, Listings Qualification Hearing Panel, the Nasdaq Stock Market, Inc. (2006-2015)
• Member, Securities Advisory Committee, PA Department of Banking and Securities (2013-present)
• Inns of Court visiting Fellowship, Institute of Advanced Legal Studies, University of London (2000)
• Freedom of the City of London in the Worshipful Company of Pattenmakers
• Fellow, Society for Advanced Legal Studies, University of London
• Member, Board of Editors, Journal of Financial Crime
• Adjunct Faculty, Widener University School of Law, Harrisburg PA (2008-2012).
• Adjunct Faculty, The Dickinson School of Law of the Pennsylvania State University (1988-2008)
• Faculty, FINRA Compliance Program, Wharton School, University of Pennsylvania (2001-2012)
• Editorial Advisory Board, The ABA Business Lawyer (2007-2009)

Recent Professional Presentations

• Presenter, “Fundamentals of Investment Adviser Regulation,” Practising Law Institute, New York, NY (2013-present).
• Presenter, “Fundamentals of Broker-Dealers Regulation,” Practising Law Institute, New York, NY (2012-present).
• Presenter, “Capital Update,” Bybel Rutledge LLP 2019 SEC Seminar, Hershey, PA (November 2018)
• Presenter, “Capital Raising for Community Banks – What’s Happening – Why? at What Price?,” 2018 M&A and Capital Raising Seminar, Hershey, PA (June 2018)
• Presenter, “Crowdfunding,” Business Lawyers Institute, Pennsylvania Bar Institute, Philadelphia, PA (2016, 2015).
• Presenter, “Administration of Criminal Justice in the US,” Centre for Development Studies, University of Cambridge, UK (2016).
• Presenter, “Dealing with Serious Crime: The Civil Law,” Center for Development Studies, University of Cambridge, UK (2015).
• Presenter, “Securities Law 101: A Primer for Business Counsel,” Business Lawyers Institute, Pennsylvania Bar Institute, Philadelphia, PA (November 2014).
• Presenter, “Pitfalls of D&O Insurance,” 2013 Business Lawyers Institute, Pennsylvania Bar Institute, Philadelphia, PA (November 2013).

Publications

Books:

• Co-Author, Pennsylvania Securities Law: Civil and Administrative Liability, PBI Press (2005).
• Principal Author, Rutledge and Haines: Electronic Markets, Bloomsbury Publishing, London (2001).
• Author, Compendium of Pennsylvania Securities Law, 2d Edition, 1994, (Annual Suppl. 1995-2004).

Chapters in Books:

• “State Regulation of Investment Advisers,” Investment Adviser Regulation, Practising Law Institute (2020).
• “State Regulation of Broker-Dealers and Agents,” Broker-Dealer Regulation, Practising Law Institute (2020).
• “State Law Aspects of Sarbanes-Oxley,” The Practitioner’s Guide to the Sarbanes Oxley Act, 2d ed., American Bar Association (2009).
• "Tracing of Assets: US Criminal and Regulatory Law," International Tracing of Assets, FT Law & Tax (UK) (Supp. 1997, 1998, 1999).
• "Insider Conflicts in US and Japan - An American Perspective," The Fiduciary, the Insider and the Conflict, Brehon Sweet & Maxwell (UK), 1995.

Articles:

• “US imposes Restrictions on US Investors Purchasing Securities of Certain Chinese Companies and Authorizes Sanctions Against certain Chines Government Officials,” The Company Lawyer, Vol. 42, No. 9 (2021) at 314.
• “Nasdaq’s Move to Increase Board Diversity,” The Company Lawyer, Vol. 42, No. 4 (2021) at 107.
• “Internal Investigations and Cooperation Credit,” The Company Lawyer,Vol. 42, No. 3 (2021) 80.
• “Introduction to Corporate Governance in the US,” The Company Lawyer,Vol. 41, No. 9 (2020) at 247.
• “Some US Reactions to Cryptocurrencies,” The Company Lawyer,Vol. 41, No. 4 (2020) at 103.
• “The limits of Delaware’s business judgment rule.” The Company Lawyer, Vol. 40, No. 5 (2019) at 158.
• “Extraterritorial application of anti-fraud provision of US securities laws.” The Company Lawyer, Vol. 39, No. 12 (2018) at 418.
• “Financial Stability in the Digital Era: The Migration to Online Lending and the Rise of Private Regulation of Online Financial Transactions with Business Customers,” Banque de France Financial Stability Review (April 2016) at 93.
• “U.S. Supreme Court to rule on applicability of alien tort statute to corporations,” The Company Lawyer, Vol. 38, No. 7 (2017) at 224.
• “Overview of Crowdfunding in the United States,” The Company Lawyer, Vol 36, No. 8 (2015) at 244.