Alfred J. Rauschman was a visionary in the securities industry compliance and legal profession. The humble roots of SIFMA’s Compliance & Legal Society go back to a time in the late 1960’s when Al Rauschman and a group of his contemporaries began meeting informally to discuss current compliance, legal and regulatory topics affecting the securities industry. These early efforts led ultimately to the founding of what is today known as the SIFMA Compliance & Legal Society, and Al Rauschman served as its first President. The Alfred J. Rauschman Award is presented by the Society annually to a candidate who has demonstrated significant contributions to the compliance and legal communities, promoted open communications among industry practitioners to share ideas and issues, fostered dialogue and communications with regulators and dedicated their career to the securities industry.

On behalf of the C&L Society, it is our pleasure to announce Paul Merolla is the recipient of the 2022 Alfred J. Rauschman Award.

Prior to joining private practice, Mr. Merolla served for over 20 years as a senior in-house counsel within the securities industry – as General Counsel of Instinet Group Incorporated and as senior legal counsel to two global investment banks, Goldman Sachs & Co., Inc. and The Drexel Burnham Lambert Group, Inc.

He is a member and Past President of the SIFMA Compliance and Legal Society. Recognized as a New York Super Lawyer, Mr. Merolla is a graduate of Fordham College and Fordham Law School.

– Michelle Oroschakoff, Chief Legal Officer, LPL Financial and President, SIFMA C&L Society

About SIFMA’s C&L Society

SIFMA’s Compliance & Legal Society is the leading forum for compliance and legal professionals working in the financial services industry. With a rich 50-year history, it provides a unique opportunity for industry leaders and regulators to come together to share information and collaborate with the goal of ensuring our capital markets are the most fair, transparent and ethical in the world.