All Press Releases for January 21, 2020

David S. Ruder Presented with the Albert Nelson Marquis Lifetime Achievement Award by Marquis Who's Who



    CHICAGO, IL, January 21, 2020 /24-7PressRelease/ -- Marquis Who's Who, the world's premier publisher of biographical profiles, is proud to present David S. Ruder with the Albert Nelson Marquis Lifetime Achievement Award. An accomplished listee, Mr. Ruder celebrates many years' experience in his professional network, and has been noted for achievements, leadership qualities, and the credentials and successes he has accrued in his field. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.

With decades of experience to his credit, David S. Ruder has held the title of William W. Gurley Memorial Professor of Law Emeritus with the Northwestern University Pritzker School of Law in Chicago since 2005. First joining the university as a faculty member in 1961, he also contributed significantly as the dean of Pritzker School of Law from 1977 to 1985. During his tenure as dean, he participated actively in the planning for construction of the Rubloff Building addition to the law school, in the remodeling of portions of Levy Mayer Hall and McCormick Hall, and in a $25 million law school capital campaign. He also helped to persuade the American Bar Association and the American Bar Foundation to move their headquarters to the Rubloff Building and recruited several distinguished scholars as members of the law school faculty. Since 2005, Professor Ruder has continued to teach with the Pritzker School of Law as a professor emeritus.

Alongside his time at Northwestern University, Professor Ruder was also active in a number of other roles. From 1987 to 1989, he served as the chair of the United States Securities and Exchange Commission, and dealt expertly with the stock market crash of Oct. 19, 1987, and its aftermath. He considers serving as the chair of the SEC to be the ultimate highlight of his career. While in this role, he supervised enforcement actions against violators of anti-fraud laws, initiated a program aimed at eliminating penny stock fraud, enlarged the commissions initiatives in the area of international securities regulation and testified more than 30 times before Congress. He was further active as a representative to the International Organization of Securities Commissions from 1987 to 1993, where he was a member of the presidents' committee and the executive committee from 1987 to 1989 and chair of the SRO Consultative Committee from 1990 to 1993.

Instrumental in forming the Securities and Exchange Commission Historical Society, Professor Ruder notably served as the founding chair from 1999 to 2004. Later on, in 2015, he served as the co-chair of the program "The Future of the Securities and Exchange Commission in a Changing World," which was presented the American Assembly of Columbia University, among other organizations. Professor Ruder was also one of the two co-authors of a report on the aforementioned program, which was published in December 2016.

During the 1990s, Professor Ruder was additionally involved with the National Association of Securities Dealers Inc., where he served on the board of governors, the National Business Conduct Committee, the International Committee, and was chair of the Audit Committee, the Payment for Order Flow Committee and the Securities Arbitration Task Force. He also dedicated his time as a member of the Task Force on the Future of Shared State and Federal Securities Regulation and was chair of the University of Wisconsin Law School Capital Campaign. Earlier, he was active on the Committee on Professional Responsibility of the Illinois Supreme Court.

A trustee of the Financial Accounting Foundation from 1996 to 2002, Professor Ruder was also a trustee for the International Accounting Standards Committee Foundation from 2000 to 2005, having previously been active with the committee as a member of their Strategy Working Party. He was also a member of the Public Company Accounting Oversight Board Advisory Council from 2004 to 2009, and was the founding chair of the Mutual Fund Directors Forum from 2002 to 2010, which originated as the Mutual Fund Directors Education Council in 1999. He continues with the Mutual Fund Directors Forum as emeritus director. From 2010 to 2012, he was a member of the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues, which was tasked with identifying emerging regulatory risks and assessing their implications.

In an effort to remain up to date with developments in his field, Professor Ruder has maintained affiliation with a number of professional organizations. A member of the American Bar Association Section of Business Law since 1970, Professor Ruder is also an active member of the American Law Institute, where he previously served as a consultant to the Federal Securities Code Project for Parts XVI and XVII, which dealt with securities law fraud. Additionally, he holds membership with the Chicago Bar Association, the Wisconsin Bar Association, the Commercial Club of Chicago, the Lawyers Club of Chicago, the Gargoyle Society, the Order of the Coif and the Phi Beta Kappa Society.

Furthermore, Professor Ruder has done considerable work with continuing legal education, and currently serves as an adviser to the Northwestern University Pritzker School of Law Office of Professional and Continuing Legal Education. He has also contributed his skills to The Corporate Counsel Institute, the Ray Garrett Jr. Corporate and Securities Law Institute and The Securities Regulation Institute. An accomplished professional in his field, he has published approximately 100 papers and articles and spent time as the editor-in-chief of both the University of Wisconsin Law Review and the Williams College Record. He has also given more than 600 speeches and public appearances, testified before Congress over 40 times and has been involved in the preparation of 12 substantive public policy securities and corporate law reports.

Outside of his primary career responsibilities, Professor Ruder spent time as the director of the Glen View Club Scholarship Foundation from 2000 to 2007. Furthermore, in 2008, he and two other former SEC chairmen, William Donaldson and Arthur Levitt, endorsed Barack Obama's candidacy for president. Early on he also served in the United States Army rising to the rank of first lieutenant between 1951 and 1954, and later was active on the board of directors for the Murray Machinery Co. from 1976 to 1984 and the Legal Advisory Committee to the board of directors for the New York Stock Exchange from 1978 to 1982. He was also a judge for the American Bar Association Edward R. Finch Law Day U.S.A. Speech Award in 1981 and part of the Museum of Science and Industry's president's council from 1981 to 1985.

Inspired to pursue a career in law by his father, George Louis Henry Ruder, a prominent lawyer in their hometown, Professor Ruder first earned a Bachelor of Arts, cum laude, from Williams College in Williamstown, Massachusetts, in 1951, before going on to obtain a Doctor of Jurisprudence, with honors, from the University of Wisconsin-Madison in 1957, where he was later presented with an honorary Doctor of Laws in 2002. He was licensed to practice law by the State Bar of Wisconsin in 1957 and began his career as an associate with Quarles & Brady in Milwaukee that same year. Admitted to practice before the Illinois Board of Admissions to the Bar in 1962, he was of counsel for Schiff Hardin in Chicago from 1971 to 1976 and was part-time partner and senior counsel with the Chicago office of Baker & McKenzie between 1990 and 1999.

Widely recognized as an expert in his field, Professor Ruder has been the recipient of a number of honors and accolades throughout his accomplished career. A fellow of the American Bar Foundation for many years, he was notably elected as an honorary fellow of the American College of Corporate Governance in 2016. Some of his other honors include the Institutional Investor Mutual Fund Industry Lifetime Achievement Award in 2009, the William O. Douglas Award from the Association of Securities and Exchange Commission Alumni in 2007, the University of Wisconsin Law Alumni Association Distinguished Service Award in 1997 and election to the Wausau District Public Schools Hall of Fame in 1992. In light of all his achievements, Professor Ruder has previously been featured in Who's Who in Finance and Industry, Who's Who in America, Who's Who in American Education, Who's Who in American Law, Who's Who in the Midwest and Who's Who in the World.

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