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Penny Somer-Greif

Of Counsel

Penny Somer-Greif is of counsel in Baker Donelson's Baltimore office.

Professional Biography

Ms. Somer-Greif is a former attorney-adviser with the U.S. Securities and Exchange Commission.

Ms. Somer-Greif's representations include matters involving the Securities Act of 1933, the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, the Dodd-Frank Act, the Jumpstart our Business Startups (JOBS) Act, the Investment Advisers Act of 1940, and related SEC rules, The Nasdaq Stock Market, and public and private securities offerings and general securities law compliance.

She assists clients in all areas of federal and state securities and corporate law compliance, such as preparing all required SEC filings including registration statements, annual, quarterly and current reports, proxy statements, and stock ownership reports, advising clients with respect to developments in applicable laws, regulations and best practices, and drafting and reviewing various corporate documents. Ms. Somer-Greif also counsels registered investment advisers (including advisers to private funds) in regulatory, corporate, and compliance matters, including with respect to investment adviser registration, compliance policies and procedures, marketing and advertising restrictions, and regulatory examinations.

A writer and lecturer on securities law and compliance, Ms. Somer-Greif serves as chair of the Maryland State Bar Association's Committee on Securities Law.

Professional Memberships

  • Member – American Bar Association
  • Past President – Financial Managers Society, Maryland Chapter
  • Member – Maryland State Bar Association
    • Section of Business Law
      • Chair – Committee on Securities Law
  • Associate, Arnold & Porter, LLP
  • Attorney-Adviser, Securities and Exchange Commission
  • Co-presenter – "Securities Law," MSBA's Business Law Section's 2020 Advanced Business Law Institute (November 2020)
  • Co-presenter – "Shut Up Shut UP SHUT UP! Dealing with Use of Social Media by Company Personnel," MSBA's Business Law Section's 2019 Advanced Business Law Institute (April 2019)
  • Co-presenter – "Illegal Insider Trading: Advising Clients on the Law and Dealing with Government Investigations," MSBA's Business Law Section's 2017 Business Law Institute (April 2017)
  • Presenter – "By Popular Demand: New Crowdfunding Rules and the Tantalizing Alternative of Regulation A+," Advanced Business Law Institute, Business Law Section, Maryland State Bar Association (2016)
  • Presenter – "Recent Major Securities Developments," Advanced Business Law Institute, Business Law Section, Maryland State Bar Association (2015)
  • Guest Lecturer – Securities Regulation Class, University of Baltimore School of Law (2013)
  • Presenter – "Legal and Regulatory Update," East Coast Regional Conference, Financial Managers Society (2013)
  • Presenter – "Hot Legal Topics," Independent Community Bank Conference, Rowles & Company, LLP (2013)
  • Presenter – "Practical Tips for Private Placements of Securities," Webinar, Securities Law Subcommittee, Business Law Section, Maryland State Bar Association (2012)



  • American University, Washington College of Law, J.D., 1995, summa cum laude
    • Phi Alpha Delta
    • Note and Comment Editor – The American University Journal of International Law and Policy, 1991 – 1992
  • State University of New York at Binghamton, B.S., 1992, summa cum laude
    • Alpha Mu Alpha, Honorary Marketing Society
    • National Dean's List
    • All-American Scholar


  • District of Columbia
  • Maryland
  • New Jersey
  • New York
  • Pennsylvania
  • Court of Appeals of Maryland
  • Court of Appeals of New Jersey
  • Court of Appeals of the District of Columbia
  • Supreme Court of New York
  • Supreme Court of Pennsylvania

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