Lisa A. Dunsky
Lisa A. Dunsky is an attorney, corporate trainer and senior compliance officer who currently serves as the general counsel of the Gelber Group, LLC.
Formerly she was an attorney at the equity clearing organization OCC. She joined OCC in June 2016 after a two year stint as an attorney in the Investment Funds, Advisers and Derivatives practice and Securities and Derivatives Enforcement and Regulatory practice at Sidley Austin.
Since 2014, She has also operated her own firm, Lisa Dunsky Enterprises LLC, which offers personal and professional coaching.
Dunsky joined Sidley in 2014 after spending two years as a partner in the financial services practice at Katten Muchin Rosenman LLP. She was previously a former executive director and associate general counsel at CME Group Inc.Her law practice has concentrated on advising domestic and foreign clearing houses, exchanges, futures brokers and proprietary trading shops on regulatory matters. She is a frequent contributor to legal publications, specifically in matters concerning exchange rules.
While at CME Group Inc., she was the lead lawyer for CME Clearing as well as the clearing house risk committee and CME Group board appeal panels in market regulation matters. She regularly worked with the U.S. Commodity Futures Trading Commission (CFTC), the Federal Reserve and the U.S. Securities and Exchange Commission (SEC) regarding regulatory issues and audits of CME Clearing including clearing of over-the-counter (OTC) derivatives and customer protection issues.
Additionally, Dunsky responded to legal and regulatory inquiries from clearing members and customers, especially bankruptcies and receiverships that involved the clearing house, advised clearing house and other divisions on time-sensitive issues arising from market events, and would revise CME Group exchange and clearing rules to accommodate regulatory and market developments.
MarketsWiki Education Video, July 2016
"Sometimes life is going to hit you in the head with a brick. Don't lose faith." - Steve Jobs, at the commencement speech at Stanford in 2005.
It's sometimes hard to see what challenges and setbacks will do for your career, but in this very personal and articulate presentation, Lisa Dunsky, senior compliance officer at OCC, describes how tragic events can transform your skill set and your career.
Speaking at the MarketsWiki Education World Of Opportunity event in Chicago in 2016, Dunsky tells the story of the October 2005 Refco meltdown, the publicly traded brokerage firm that went bankrupt after its CEO, Phil Bennett, covered up $430 million in customer losses and debt. Bennett and other executives were convicted and sentenced to prison for securities fraud, including her boss and mentor at the outside law firm she worked for that represented Refco. Devastated, Dunsky learned from the experience in the most unexpected places and built a career path that led her to her current role today at OCC.
"This brick that just hit me in the head, of losing my mentor, was going to teach me something I don't think I could have learned any other way."
She learned how to pick herself up, build on the skills needed to succeed in the derivatives industry and deal with other bombshell events such as the MF Global bankruptcy and Lehman Brothers' collapse.
John Lothian News Interview, August 2015
New rules and guidelines and a couple of recent high profile criminal cases on disruptive trade practices have made compliance and supervision a high priority at trading firms and clearing firms. Lisa Dunsky, derivatives attorney and former counsel at CME Group, shares her insights on what firms and traders need to consider.
Dunsky holds a JD from the University of Michigan Law School and an MA from the University of Cincinnati. She also earned a BA from the University of Dayton.
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