What I most enjoy about working with is finding ways to get the complicated securities laws to work for them.
Meredith Cross is a partner in the Transactional and Securities Departments, and a of the Corporate Practice and Strategic Response Group. Ms. Cross joined WilmerHale in 1998 after serving as Chief Counsel and Deputy Director of the SEC’s . She later served as Director of the SEC’s from 2009 to 2013 before rejoining the firm. Ms. Cross advises public companies and their boards on disclosure and other corporate finance securities law and matters. She handles matters for companies with the SEC, including , financial statement waiver requests, and disclosure and financial statement reviews by staff of the , as well as SEC enforcement matters involving corporate finance issues. Representing clients in corporate and securities matters, she has experience with the full range of issues faced by public and private companies in capital raising and public reporting.
Ms. Cross's practice is primarily focused on advising public companies on corporate finance securities law matters, including disclosure and other requirements under the and the , as well as the requirements under the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. She also serves as 's counsel and ' counsel in public and private offerings of debt and equity securities.
While serving as the Director of the of the SEC, Ms. Cross led the Division's efforts to implement both the and the Jumpstart Our Business (JOBS) Act. Under her leadership, the Division recommended close to 60 rulemaking releases to the Commission, including those relating to say-on-pay, conflict minerals, access, and compensation advisers, asset-backed securities, and the new regulatory regime for derivatives. Ms. Cross also guided the Division's pragmatic response to numerous issues relating to the IPO "on-ramp" provisions of the . During her tenure, Ms. Cross testified before Congress numerous times on a broad range of issues including , capital formation, risk in asset-backed securities offerings, executive compensation oversight, and agency management and budget.
During her prior SEC tenure, she was involved with a number of corporate finance rulemakings, including changes to shelf registration, electronic delivery of and other information to investors, the plain English initiatives, limited partnership roll-up rules, and small issue exemptions from registration and reporting. Before becoming Deputy Director, Ms. Cross served as Associate Director of the Division's sections on International Corporate Finance and Small Business. In the international area, she played a key role in the ongoing development of international disclosure and standards for use in cross-border offerings. Ms. Cross also previously served as the Division's Chief Counsel. As Chief Counsel, she was responsible for and legal interpretations in the Division on a wide range of matters, including , , registration of employee benefit plans and exemptions from registration and reporting.
- Lending Club in its initial SEC registration of its peer-to-peer lending platform
- on securities law matters for its online auctions program
Launch Moment: Helping Lending Club develop a model that allowed it to its peer-to-peer lending program through a registered securities offering was among the most challenging and exciting projects I've ever worked on. The SEC didn't know how to think about it, and we had to come up with a structure that could meet all the different parties' needs. It was a blast!
Favorite App: The white noise app.
Daily Reads: I read The Wall Street Journal every day.
Favorite Book: Charlotte's Web
Off the Clock: My favorite activity is to hang out with my family, and eating at outdoor cafés in Washington DC with my family and our adorable dog, Daisy.
Funny Story: On my recent vacation in Nevis, I was fascinated by the monkeys. I went to watch them every evening on a hill near our hotel. My last night there, one of them chased me away. I guess I liked them more than they liked me!
JD, Vanderbilt University Law School, 1982
BA, Duke University, 1979
Bar AdmissionsDistrict of Columbia