Nauman Smith Senior Partner Appointed to Pennsylvania Securities Commission Committee
(Harrisburg, Pa.) – Nauman, Smith, Shissler and Hall, the oldest law firm in Harrisburg, announced that senior partner Spencer G. Nauman Jr., has been appointed to the Pennsylvania Securities Commission’s (PSC) Attorney Advisory Committee.
PSC administers and enforces rules and regulations under the Securities Act of 1972, the Takeover Disclosure Law of 1976, and subsequent amendments to those laws. The commission’s goal is to protect the public from deceptive practices in connection with offers, sales and purchases of securities in Pennsylvania while encouraging availability of equity and debt financing to legitimate businesses and industries in or affecting the commonwealth.
Mr. Nauman will serve on the Attorney Advisory Committee, which was created to advise PSC on regulatory issues. Its 10 members are securities practitioners, lawyers who represent corporations generally, and lawyers who teach securities law from across the commonwealth of Pennsylvania. They are members of national and regional law firms as well as legal academic institutions.
According to PSC Chief Counsel Michael Byrne, the Attorney Advisory Committee is made up of the state’s elite business attorneys. “This committee performs a very important service for the commission,” he said. “The committee is drawn from the most experienced and respected business and securities attorneys in Pennsylvania.”
“It’s an honor to be appointed to such an important committee,” Mr. Nauman said. “The Securities Commission has a significant responsibility to the public and I will work hard to carry out my committee duties.”
Mr. Nauman earned his law degree from the University of Pennsylvania. He has been advising businesses and nonprofits in the Harrisburg area for 43 years, specializing in tax, trust, estate and corporate law.
Spencer Nauman is serving or has served as director and president of a variety of community health, educational and social service organizations. He is a member of the Dauphin County, Pennsylvania and American Bar Associations.
An active volunteer in the Harrisburg community, he is currently vice president of the L.B. Smith Educational Foundation. He was a member of the Board of Managers of Harrisburg Hospital, director of the American Red Cross, Capital Region Chapter, president of the Board of Trustees of Harrisburg Academy, and now serves the Academy Board as an emeritus trustee.