Annette Nazareth leads Davis Polk & Wardwell's Trading and Markets practice. She is an experienced financial markets regulator, former SEC Commissioner, and recognized authority on financial markets regulatory issues. She regularly advises boards of directors on corporate governance matters and corporations that are subject to regulatory and enforcement actions. She also advises domestic and international clients, including broker-dealers, swap dealers, exchanges, clearinghouses and other financial institutions, across a broad range of complex financial regulatory and legislative matters. Ms. Nazareth has been a key player in financial services for much of her career and was a highly regarded financial services policymaker for more than a decade. She joined the SEC in 1998 as a Senior Counsel to Chairman Arthur Levitt. She served as Director of the Division of Trading and Markets from 1999 to 2005. She also served as the senior staff member assisting the SEC Chairman on the President’s Working Group on Financial Markets and served as the Commission’s representative on the Financial Stability Forum. Ms. Nazareth was an SEC Commissioner from 2005 to 2008.