Orlan Johnson is a Partner in the Business Department of Saul Ewing in Washington, DC, where he has in-depth and practical experience in mergers and acquisitions, stock and asset acquisitions and dispositions, corporate financing, joint ventures, proxy contests and tender offers, and general corporate governance matters. Prior to joining Saul Ewing, Mr. Johnson was Of Counsel at Milbank, Tweed, Hadley & McCloy, where he served as co-head of its regulatory practice in the Washington, DC office. Before that, he served for nine years as a Staff Attorney and Branch Chief in the Division of Investment Management for the U.S. Securities and Exchange Commission (SEC). In this capacity, his primary responsibilities included advising the Commission on the regulation of exempt utility companies and utility companies registered under the Public Utility Holding Company Act of 1935. Other responsibilities included compliance inspections of investment advisers and investment companies pursuant to the Investment Advisers Act of 1940 and the Investment Company Act of 1940. Original member of Obama national finance committeed and served on campaign policy committees related to transportation insfrastructure, finance/banking and energy issues. In addition to his legal practice, Mr. Johnson is an adjunct professor of law at Howard University School of Law where he teaches Securities Regulation classes in connection with the fundamentals of federal and state securities laws, including the 1933, (This is me - Update Profile)
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Potential Fines and Penalties for Energy Transfer Partners
November 12, 2007
Is Enron Saga Entering The Final Chapter | news.glgroup.com
A clear understanding of this area of the law has become critical because the risks from noncompliance can subject an entire entity, including upper management, to significant fines ($1 million per day/ per violation), criminal penalties and disgorgement of undue profits. Many energy entities need to update and in some case create substantive compliance programs to the new powers granted FERC in the Energy Policy Act of 2005. FERC has recently begun to assess the first round of fines and penalties on entities that it determines are not demonstrating a "culture of compliance."
| Study Group Name | No. Members |
|---|---|
| Political Experts (outside Washington DC) | 711 |
| Structured Finance Experts | 382 |
| Prime Brokerage Services Experts | 222 |
| FERC Experts: Legal, Economic, and Regulatory Affairs | 159 |
| Rating Agency Experts | 143 |
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