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Richard Y. Roberts is a partner with Thelen Reid & Priest LLP in Washington, D.C. From 1990 to 1995, Mr. Roberts served as a Commissioner of the Securities and Exchange Commission and, in this capacity, was actively involved in, has written about or has testified on a wide range of subjects affecting the capital markets. Since leaving the SEC, Mr. Roberts has been a frequent media commentator and writer on various securities public policy issues and has assisted the governments of Romania and Ukraine in the development of a securities market. From 1987 to 1990, he was the chief of staff for Senator Richard Shelby. Mr. Roberts is a graduate of Auburn University where he earned a Bachelor of Science degree in Electrical Engineering. He received his Juris Doctorate from the University of Alabama School of Law and his Master of Laws from The George Washington University Law Center. Mr. Roberts is a member of the Advisory Board of the International Journal of Disclosure and Governance, of Securities Regulation and Law Report, and of the Municipal Finance Journal. Mr. Roberts has served as a member of the NASD's District 10 Regional Consultative Committee, Market Regulation Advisory Board, and Legal Advisory Board. | 