Bruce Hiler serves as the head of the firm's Securities Enforcement Group.  His practice focuses on securities enforcement and regulatory defense, corporate and regulatory counseling, internal investigations, and securities litigation.

Bruce has represented public companies, broker-dealer firms, investment advisors, and individuals in investigations before the U.S. Securities and Exchange Commission (SEC), the U.S. Department of Justice, the U.S. Congress, state securities agencies, the Financial Industry Regulatory Authority, the New York Stock Exchange, the Office of the Comptroller of the Currency, and other regulatory agencies, as well as in private securities litigation. He has conducted internal investigations for the audit committees and boards of directors of U.S. public companies in connection with ongoing government investigations, and frequently counsels corporations on disclosure and corporate compliance issues.

Bruce served at the SEC in a variety of investigative, litigation, and management roles, culminating in his position as Associate Director of the Division of Enforcement.  While at the SEC, Bruce was responsible for investigations and litigation involving complex financial frauds, accounting matters, changes in corporate control, market manipulation, insider trading, and broker-dealer, investment advisor, and investment company regulatory issues.

In May 2009, Bruce was invited to appear on a panel of experts before the U.S. Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment.  He provided information at the Subcommittee's hearing on the SEC's enforcement responsibilities.  Bruce was counsel on the U.S. Chamber of Commerce Report on the Current Enforcement Program of the Securities and Exchange Commission (March 2006).  Previously, Bruce served as an Adjunct Professor of Securities Law in the Georgetown University School of Law LL.M. Program.  Prior to joining Cadwalader, he served as the Chairman of the Securities Enforcement and Regulatory Counseling practice at O'Melveny & Myers LLP.

Among numerous recognitions, Bruce was selected for the 2010 edition of The Best Lawyers in America; was designated one of seven leading securities lawyers in Washington, D.C. by Legal Times in 2008; was included in The Best Lawyers in America in 2007; was named among the Top 10 Securities and Corporate Governance Lawyers in the Washington, D.C. area by Legal Times magazine as part of its "Leading Lawyers" series; was named by Law and Politics as one of Washington, D.C.'s "Super Lawyers;" was named a top lawyer by The Washingtonian 2009, and was named one of the 2006 "Legal Elite" by Washington SmartCEO Magazine.  He also is a lecturer and speaker at legal profession and business conventions and continuing education seminars.

Among the articles Bruce has authored or co-authored are:

"Enforcement PIPEline: Insider Trading, Unregistered Sales, and the Hedging of Private Investments in Public Equity," Securities Regulation & Law Report, Vol. 39, No. 24, (June 2007);

"Exposure for Broker-Dealers and Senior Personnel under the New Supervisory Regime," Insights: The Corporate and Securities Law Advisor, (June 2006);

"The SEC's New Public Disclosure Rule: Regulation FD," Securities Regulation Law Journal, Vol. 29, No. 1 (Spring 2001);

"Dealing with Analysts: Recent Guidance," Securities Regulation Law Journal, Vol. 28, No. 3 (Fall 2000);

"The SEC's New Materiality Regime," Securities & Commodities Regulation, Vol. 32, No. 17, (Oct. 13, 1999);

"SEC Proposes New Rule Regulating Political Contributions by Investment Advisers," The Investment Lawyer, Vol. 6, No. 9, (Sept. 1999);

"When Reasonable Reliance Isn't Enough: The Evolving Standards for Board Oversight," Insights, Vol. 12 No. 1, (Jan. 1998);

"United States v. O'Hagan: The Supreme Court Upholds the Misappropriation Theory of Insider Trading Liability," Insights, Volume 11, No. 9, (Sept. 1997);

"Enforcement Issues and Litigation," Securities Regulation Law Journal, Vol. 25, No. 1, (Spring 1997);

"Retail Broker Compensation," Insights, Vol. 9, No. 10, (Oct. 1995);

"The SEC's Use of its Cease-and-Desist Authority: A Survey," Securities Regulation Law Journal, Vol. 23, No. 3, (Fall 1995);

"Management's Discussion and Analysis: Known Trends in SEC Enforcement," Insights, Vol. 8, No. 12, (Dec. 1994);

"The Central Bank of Denver Decisions and the SEC: Effects of the Decision and the SEC's Possible Response," Corp. Counsel Rev., Vol. XIII, No. 1, (May 1994);

"The SEC and the Insider Trader/Tipper," New York Law Journal, (Aug. 29, 1991);

"Basic Inc. v Levinson: The Supreme Court's Opinion on Disclosure of Merger Negotiations, in Theory and Practice," 7 Corp. Counsel Rev. 1, (May 1988);

"The SEC and the Courts' Approach to Disclosure of Earnings Projections, Asset Appraisals and Other Soft Information: Old Problems, Changing Views," 46 Md. L. Rev. 1401, (1987), cited in Basic Inc. v. Levinson, 485 US 224, (1988), and by various lower courts;

"Confidential Relationships and Insider Trading," 18 Rev. Sec. Reg. 135, (June 19, 1985);

"The Judiciary Considers the Nature of Confidential Relationships in Insider Trading Cases - A Look at United States v. Reed," 13 Sec. Reg. L.J. 128, (1985); and

"Dirks v. SEC: A Study in Cause and Effect," 43 Md. L. Rev. 292, (1984).

Bruce earned his B.A., magna cum laude, from the University of Notre Dame and his J.D., with honors, from the University of Michigan.  He is admitted to practice law in Illinois and the District of Columbia.