Senior Legal Advisor (Attorney) - Registration & Licensing

Office of the Illinois Secretary of State

Alexi Giannoulias

Job Title:    Senior Legal Advisor – Securities Department
Division:     Registration & Licensing
Union:         N/A
Location:    421 E Capitol Ave, Springfield, IL – Sangamon County
Salary:        Range $5,985 to $12,888 monthly - commensurate with experience
Benefits:     https://cms.illinois.gov/benefits/stateemployee.html   

Overview: 

Analyzes and resolves legal issues that arise with registration of entities as broker-dealers or investment advisers, and with registration of individuals as salespersons or investment adviser representatives; provides legal advice and assistance on regulatory issues involving the registration of securities and exemptions from registration; participates in drafting modifications to laws, administrative rules, and regulations deemed necessary to implement the Illinois Securities Law; assists other sections within the Department on issues involving registered entities, issuers, offerings, and exemptions.

Duties and Responsibilities:

• Provides legal advice and assistance on regulatory issues involving the registration of Investment Advisers, Investment Adviser Representatives, Securities Broker-Dealers, and Salespersons.
• Handles regulatory issues involving the registration of securities, mutual funds, small company offerings, crowdfunding, private placements, exemptions from registration, and other filings made with the Department related to securities offerings. Works with other states in review of interstate securities filings. Responds to questions and inquiries from the public, attorneys, and other regulators concerning statutory interpretations and compliance.
• Participates in the drafting of modifications to laws, administrative rules, and regulations deemed necessary to implement statutory provisions; researches and drafts routine memoranda of law and legal issues related to the laws administered by the Department.
• Assists in issuing interpretive and no-action letters on issues involving securities registration and exemptions.  Assists other sections in the Department on issues involving registered entities, issuers, offerings, and exemptions.
• Advises the Department on legal issues involving Business Brokers, Loan Brokers, and Business Opportunities.
• Performs other duties as required or assigned.

• Requires extensive knowledge of the common law and of the State and Federal laws relating to administrative and regulatory functions.
• Requires extensive knowledge of judicial and quasi-judicial procedure and of the rules of evidence, hearings, and trial procedures.<