2018 Distinguished Alumni Award Winners Announced
Washington and Lee University is proud to announce this year’s Distinguished Alumni Award winners. The recipients will receive their awards during Alumni Weekend, April 26 – 29, 2018.
Harold Stowe ‘68
A commerce major, Harold was a member of Phi Delta Theta and played football and lacrosse. He received an MBA in finance from Harvard Business School in 1970 and began his career as vice president of the North Carolina National Bank in Charlotte. After seven years with the bank, he moved to Fort Mill, S.C., and became treasurer of Springs Industries Inc. He then became the managing partner of Springfield Associates in Charlotte from 1980-1981 and then executive vice president of The Springs Company in Lancaster, S.C., in 1982. Seven years later, he began working with Canal Industries and affiliated companies and worked his way from executive vice president to president and chief executive officer of the company. After working several years in the business world, Harold became the acting dean of the E. Craig Wall Sr. College of Business at Coastal Carolina University from 2006-2007. He is currently the Principle of Stowe-Monier Management, LLC.
Outside of work, Harold is a member of many profit and nonprofit boards, including SCANA Corporation, The Jackson Companies, Sea Mist Advisory Board of Directors, Canal Holdings and Ruddick Corporation. He is also chairman of the South Carolina Education Oversight Committee, chairman of the Smith Medical Clinic, and he serves on the Wall College of Business Board of Visitors executive committee and is chairman of the Wall Fellows Board.
Harold has remained very involved with Washington and Lee. Two of his children are W&L alums: Blair Stowe Sumrall, M.D. ’00 and Patrick B. Stowe ’01. Harold has served on the Williams School Advisory Board, his reunion class committees, as a class agent for the Annual Fund and a Chapter volunteer.
Wilson “Wick” Vellines Jr. ’68, ‘73L
Wick was a member of Phi Kappa Sigma, the Student Executive Committee and sang in the University Glee Club while at W&L. After graduating from the W&L School of Law, Wick was offered a position in Staunton doing general practice. A Virginia native, Wick has been a Staunton leader and supporter for his entire career. Wick is co-founder and partner at Vellines, Cobbs, Goodwin & Glass, a full-service law firm. Within the Stuanton community, Wick has been president of the Staunton Music Festival and has sung in the Trinity Church Choir. He has served on the board of the Woodrow Wilson Birthplace, the Valley Conservation Council, Historic Staunton Foundation, the Community Foundation of the Central Blue Ridge, and the Staunton Economic Development Authority.
Wick has been an adjunct professor at W&L’s School of Law, served on the Law Council, on the Alumni Board, been a Class Agent for the Annual Fund, a member of his reunion class committee and a Chapter volunteer. Wick and his wife, Betty, have two daughters, including Meredith Vellines ’00.
Lee Rorrer Holifield ’93
At W&L, Lee was president of the Student Financial Relations Committee and house manager for the International House for two years each. She graduated with a B.A. in Russian Studies and later earned her MBA at Jacksonville University. Lee’s career in Human Resources began shortly after graduation. She is currently a director of global talent acquisition for Visa, where she manages global recruitment for all client-facing roles. Over the years, she has developed and led campus-, professional-, and executive-level recruiting programs. In the last two years she has handled all the staffing requirements for several major site openings, most recently in Manila, and now leads a team of 10 recruiters in countries on four continents.
Since graduating, Lee has been an active volunteer for W&L, including serving seven years as the Jacksonville Alumni Chapter President, a member of the Alumni Board of Directors from 2004-2008, and Washington, DC Alumni Chapter President from 2016-2018. In addition, she was a class agent for 13 years, co-chaired her 10th, 15th, and 20th class reunions, and has voluntered in a variety of other roles for the University. Lee also serves in leadership positions with her local and state Daughters of the American Revolution Chapters and volunteers with the Taproot Foundation.
Lee lives in Washington, DC. She and her husband, Mike ’89, will celebrate the 25th anniversary of their Lee Chapel wedding this June. Their daughter, Victoria, is a Junior at Christopher Newport University.
Lewis Perkins ‘93
An art major at W&L, Lewis was a member of Sigma Chi and sang with Southern Comfort, the University Glee Club, the University Chorus and the University Chamber Singers. Lewis also holds a M.B.A. in marketing and strategy with a focus on social responsibility from Emory University. A passionate advocate for “doing the right thing,” Lewis has served as president of the Cradle to Cradle Products Innovation Institute since 2015. He previously led the Institute’s Fashion Positive initiative, which engages fashion designers, manufacturers, brands and influencers in creating Cradle to Cradle Certified™ materials and products with the circular economy in mind. Prior to joining the Institute, Lewis consulted with corporations and organizations on the social and environmental program development. He also served as director of sustainable strategies for The Mohawk Group, a leading carpet manufacturer and the commercial division of Mohawk Industries. Lewis’ passion for sustainability and non-profit work has included strategic roles with organizations such as The Clean Air Campaign, 360i and USWeb/CKS. He is an Ashoka and C&A Foundation Strategy Thought Partner for social entrepreneurs, a 2016 and 2017 member of the H&M Global Change Award Expert Panel, a Design Mentor for the Council of Fashion Designers of America Lexus Design Initiative – Eco Design Challenge Accelerator.
Lewis has stayed engaged with W&L as a member of his reunion class committee and as a Chapter volunteer.
Honoring Our Namesakes
Happy New Year! Alumni Affairs has been busy working with many alumni chapters to stage Presidents’ Day events to commemorate the lasting W&L contributions of George Washington (February 22 birthday) and Robert E. Lee (January 19 birthday).
In 1796, sitting U.S. President George Washington very likely saved the struggling Liberty Hall Academy when he gave the school its first major endowment gift – about $20,000 worth of James River Canal stock — which the Virginia General Assembly had given him in gratitude for his leadership in the American Revolution. Recognizing the singular import of this generosity, the trustees changed the name of the school to Washington Academy. It was in every sense a gift which keeps on giving to W&L.
The college was hanging by a thread after the Civil War. Declining much more lucrative offers, in October of 1865, Lee took the oath as president. For the last five years of his life, Lee led an increase in enrollment from across the country, completely revamped the curriculum, began a journalism school, added what was then the Lexington School of Law, and continued laying the foundation for what would become our Honor System. After Lee’s untimely death in 1870, the trustees voted to change the name from Washington College to Washington and Lee University.
We salute our chapter leaders and volunteers who work hard to stage these important annual gatherings. Please support them, and pause to reflect on our namesakes. We promise you’ll enjoy the camaraderie, celebration, and networking opportunities. You can view a full listing of upcoming Chapter events, including the always spectacular Washington, D.C., Alumni Fancy Dress on March 3!
Beau Dudley ’74, ’79L
Executive Director of Alumni Affairs
Your Link to W&L: Alumni Chapters!
Have you heard the buzz about all the exciting alumni chapter events this year? Participating in one of our 77 W&L alumni chapters is a great way to stay connected with the University, meet up with old and new friends, and have a great time while doing it! Since July of this year, chapters have staged 44 Summer Send-Off parties for current students, 18 Welcome to the City events for our newest graduates, 13 tailgates/athletic events, more than 40 happy hours and holiday parties, and 12 receptions introducing President Will Dudley. Take a look at this slideshow to see just some of the fun!
Be sure to keep an eye on your email and our website for an alumni event near you. If you are not currently receiving email updates from your local alumni chapter, please logon to Colonnade Connections to update your contact information.
Five Distinguished Alumni Received Awards at the 2017 Five-Star Festival
Washington and Lee University is proud to announce this year’s Distinguished Five-Star Alumni Award winners. The recipients received their awards during the Five-Star Festival, November 2 – 4, 2017.
John Alford ’57, ’59L
A member of Phi Gamma Delta, John graduated ODK, was a Class Officer, a member of the Scabbard & Blade and a Commissioned 2nd Lt. He served in the JAG Corps for three years in Germany, where he tried general courts-martial. John was a member for eight years and chairman for two years of the Virginia Judicial Inquiry Review Commission. He was a Fellow of the American College of Trial Lawyers and a past board member and volunteer of Jubilee Family Development Center. He is also a prior owner and supporter of the Lynchburg Hillcats minor league baseball team.
John has stayed involved with W&L by volunteering with his reunion class committees, as a law class agent for the Annual Fund, a member of the Law Council, and president of the Law School Alumni Association.
Warren Welsh ’57, ’61L
Warren was a member of Delta Tau Delta, a Class Officer and on the Calyx. After graduating from W&L, he joined the FBI and worked as a Special Agent in Missouri, Florida and Mississippi for almost eight years. In 1969, Warren was named Administrator in the Compliances and Practices Department for NBC in New York. In November of that year, he moved to California as Manager of NBC’s Compliance and Practices Department. In 1974- 75, he was Security Coordinator for ITT’s world headquarters in New York City.
In 1975, Warren was named Director of Security for Playboy Enterprises, Inc. in Chicago. He was appointed Director of Corporate Security for the American Can Co. in Greenwich, CT in 1978. In 1980, NFL Commissioner Pete Rozelle announced Warren’s appointment as Director of Security for the NFL, the job he held until 1996. From 1996 – 2007, Warren was a consultant to the NFL’s drug testing program. He retired in 2007.
Warren has been an undergraduate class agent and law class agent for the Annual Fund and he served on his undergraduate and law reunion class committees.
Peter Agelasto, III ’62
A commerce major, Peter was a member of Phi Kappa Psi, served on the University Media Board as business manager of the Ring Tum-phi and on the Calyx. Peter married his wife, Betsy, in 1969 and they have two sons, Peter IV and Parker. He obtained a LLB (now JD) from UVA and practiced law in Tidewater for twenty-five years. Peter has devoted much of his energy to the nonprofit sector, initially in the areas of education and the arts and more recently in land conservation and historic preservation. His interest in the eleemosynary world began at W&L where he was involved in service organizations, including as the president of the organization that invited Martin Luther King, Jr. to speak at W&L. Peter served as Class Agent, Vice Chairman of the Annual Fund and President of the W&L Alumni Association during the coed question review.
Peter is a life member of the Virginia Beach Rescue Squad and, among many roles, served as chair of its Foundation. He was president of the Norfolk Botanical Garden Board and is a Master Gardener and a Master Naturalist. Currently Peter serves on the Boards of the Charlottesville Area Community Foundation, the Nelson County Community Fund, and the Virginia Conservation Network, an umbrella organization of the environmental groups in Virginia. Peter’s focus today is the Rockfish Valley Foundation (RVF) that he founded in 2005 of which he serves as President and Chairman. He leads opposition to the Atlantic coast pipeline against its damage to culture and history in Nelson County. He credits his success to the liberal arts education at W&L.
John Poynor ’62
A pre-med major, John was a member of Phi Kappa Psi, the Concert Guild, worked on the Calyx and Ring-tum Phi. He went on to The University of Alabama – School of Medicine for medical school. John joined a fellow classmate and a single practitioner in 1971 and they have continued to practice together for 41 years. He left the practice late in 1971 for two years serving in the U.S. Air Force being stationed in Plattsburgh, New York. John married his wife, Nancy, in the last year of residency and shortly after left for Plattsburgh.
Upon returning to Birmingham from serving in the Air Force, John starting writing a check to W&L and the Alabama School of Medicine every month as he wrote a check to the mortgage company and utility companies. Looking back, he sees this as a reminder of what those institutions prepared him for and how indebted he is. John has remained very active with W&L, serving as a reunion class committee member, a board member of the George Washington Society, director of the Alumni Board and president of the Birmingham Alumni chapter. John served on the Vestry and as a Junior Warden at the Cathedral Church of the Advent. His outside interests focus on education and art – from reading to first grade students to serving on the board at Highlands School; alumni boards at Indian Springs School and W&L, and the Admissions Committee to the University of Alabama School of Medicine. He has donated art to: Highlands School, The Altamont School, Mountan Brook Library, W&L, UVA, Sweet Briar College, U of Alabama at Birmingham, Auburn U and The Eye Foundation Hospital.
James S. Sagner ’62
James is a treasury and corporate finance consultant and a former banker with the First National Bank of Chicago (now JP Morgan Chase). He has managed over 250 financial studies and credit analyses for companies worldwide. He has been a university professor teaching MBA (various NY and CT universities) and executive education (University of North Carolina-Chapel Hill) in finance. He has written 12 books and some 60 articles and papers, and is the series editor and principal author of Fast-Track business textbooks.
He was an accounting major at W&L, a member of Zeta Beta Tau fraternity, a member of the Concert Guild and the Washington Lit Society. He earned an MBA from the Wharton School at the University of Pennsylvania in 1964, and a Ph.D. from American University in 1970. James was honored as a Rockefeller Fellow, and is a CCM, a CMC, and a member of Beta Gamma Sigma. He assisted in the development of the Hillel House at W&L, has endowed a scholarship, and has made various other gifts to the University.
Three Distinguished Alumni to receive awards at Young Alumni Weekend
Washington and Lee University is proud to announce this year’s Distinguished Young Alumni Award winners. The recipients will each receive their awards during Young Alumni Weekend, September 15 – 17, 2017. There is still plenty of time to register for the weekend if you haven’t already.
John Bovay ‘07
A mathematics and politics major, John graduated magna cum laude and was a senior class representative to the Executive Committee and a leader in the Outing Club and Nabors Service League. John earned a Ph.D. in Agricultural and Resource Economics from the University of California, Davis in 2014. John is now an Assistant Professor of agricultural economics and food policy at the University of Connecticut, where he teaches a class on sustainable agribusiness management. His research topics include the interactions between regulations and private standards in the context of food production practices and food product attributes, with particular attention to food safety, animal welfare, and labeling of food made using genetic engineering; analysis of voting on regulations that affect agriculture; the economics of food waste; and economic and environmental implications of expanded production of food in the Northeast to serve local markets. Before joining UConn, John worked at the U.S. Department of Agriculture’s Economic Research Service in Washington, D.C.; before graduate school, he was an economics research associate at Abt Associates in Bethesda, Maryland.
Kaylee Hartung ‘07
A journalism & mass communication and politics major, Kaylee graduated cum laude and was a member of Kappa Kappa Gamma at W&L. Kaylee joined CNN as a news correspondent in April 2017. Prior to her move to join CNN in Atlanta, she reported for ESPN, where she worked live events, regularly appeared on SportsCenter and contributed to the network’s coverage of the College Football Playoffs, the men’s and women’s NCAA basketball tournaments and the College World Series. During her five years with ESPN, she earned two Lone Star Emmys and contributed to SEC Network and Longhorn Network. Before ESPN, Kaylee spent five years in the CBS News Washington bureau as an associate producer for Face the Nation and assistant to the program’s then-host Bob Schieffer. She also produced, photographed and edited her own reports for CBSNews.com.
Rob Rain ‘07
An English and history major, Rob graduated magna cum laude, played football, and served as the President of the Executive Committee. Rob is currently the President of the Industrial Division of Johnson Development Associates, a real estate development firm headquarted in Spartanburg, South Carolina. He is responsible for the sourcing, development, and management of Johnson Development’s industrial projects. Prior to joining Johnson Development, he worked in Private Equity at WJ Partners in Spartanburg, SC, where he served as an Operating Manager for portfolio companies, and at EnCap Investments in Houston, TX, where he worked on the Upstream Investment Staff. Rob also spent four years as an infantry officer in the United States Marine Corps. He led infantry units in Iraq and Afghanistan and received a Bronze Star with Valor for actions in multiple enemy engagements in Afghanistan. After completing his time in the military, Rob received a Master of Business Administration from Harvard Business School. He and his wife, Dargan McMaster Rain ’08, have stayed active with W&L as chapter volunteers in Spartanburg and reunion class committees. Rob and Dargan have two girls and look forward to welcoming another baby in September of this year.
Four Distinguished Alumni will receive awards at Alumni Weekend
Washington and Lee University is proud to announce this year’s Distinguished Alumni Award winners. The recipients will each receive their awards at the Generals Assembly during Alumni Weekend, May 11 – 14, 2017. There is still plenty of time to register for the weekend if you haven’t already.
Bob Priddy ‘67
A history major, Bob was a member of Phi Kappa Sigma and was business manager for the Ring-tum Phi. After serving three years as a Supply Corps Officer in the Navy, Bob worked 13 years in fundraising at St. Christopher’s School in Richmond and Nichols School in Buffalo, NY. In 1983, he changed careers and became an investment advisor, working 19 years for Alex Brown & Sons, eight years for SunTrust and now with BB&T Scott & Stringfellow since April 2010.
Bob and his wife, Barbara, sent their three children to W&L: Brackett ’00, Caroline (Habenicht) ’02, and Kendall (Smith-Harrison) ’05.
Bob is a devoted alumnus, serving as a singularly successful class agent since 2005. Under his leadership, the Class of 1967 set a record by winning the Richmond Trophy, given for the highest participation rate, ten years in a row and reaching over 82% participation! Bob served on his 25th Reunion Committee and co-chaired the 40th, 45th and 50th Committees. Bob has been a member of the Kiwanis Club of Richmond since 1983, serving as president of the club 2011-2012. He is also active at First Presbyterian Church and has served as a deacon, an elder and a member of the Care & Concern team.
Bill Wildrick ‘67
A math major, member of Pi Kappa Alpha and ODK, Bill Wildrick retired in September, 2005 as the “oldest Navy SEAL in uniform” after a career that included a tour in Vietnam, 24 years in the reserves, and a return to active duty for nine years to serve as deputy commander for the total SEAL force and to help reorganize the reserves. In 2005, he transitioned to the civilian world as a support contractor specializing in maritime special operations, command and control processes, training, and education. He served as an adjunct faculty member of Joint Special Operations University and lectured on naval special warfare and maritime operations to joint special operations educational programs for the Services’ staff colleges, war colleges, and fellowship programs.
Married for 44 years, Bill and his wife, Ginger, have three children: two sons, Tad and Austin, and a daughter, Ashley, and four grandchildren, three boys and a girl. Since retiring in 2012, he has spent most of his time chasing the grandchildren, working out, doing volunteer work with his Rotary club, and traveling.
Wali Bacdayan ‘92
As a student, Wali was a member of Sigma Chi, a dorm counselor and co-chaired the Student Recruitment Committee. He graduated summa cum laude with majors in economics and mathematics. He also has an M.B.A. from the J.L. Kellogg Graduate School at Northwestern University. Wali was a financial analyst in the Acquisition and Private Finance Group of Dean Witter Reynolds, Inc., where he focused on private debt equity financings for middle market companies. In 1997 he joined PNC Equity Partners.
Wali is a founding partner of Incline Equity Partners and is responsible for all aspects of investment management including sourcing and executing new investments, and managing existing portfolio company performance.
Wali and his wife, Wendy Neel Bacdayan ’94, have three sons, Ben, William and Charlie, and live in Pittsburgh. Wali has been very active with W&L, co-charing his 20th and 25th reunion committees, volunteering as a class agent, serving as Pittsburgh Chapter President, conducting alumni admission interviews, and judging the Williams School Business Plan Competition on campus.
Devon McAllister Rothwell ‘92
Devon was a founding member of Kappa Kappa Gamma and served as President during her third year. Devon played lacrosse and served as captain for two years. Devon was a passionate member of Kathekon and graduated cum laude with a degree in history.
Since graduation, Devon has remained involved with W&L. Between 1999-2003, Devon served on the Alumni Board. Devon has been active in her alumni chapter, as an evangelist to potential candidates and a mentor to graduating students. She has been a member of her 15th, 20th, and 25th reunion committees.
Soon after graduation, Devon joined Conde Nast in New York. Since that time, she has held increasingly responsible roles at the company in New York, San Francisco and Los Angeles. She will celebrate her 25th Anniversary with Conde Nast in June. Devon is currently vice president of the West Coast, supporting all brands and business assets for the company.
Devon lives in Mill Valley, California with her husband, Troy, and their two children; daughter Quinn (14) and son Tyler (12).
The Alumni Affairs Office is Busy!
The busiest time of the year? Sure seems like it!
If you walked into the Hotchkiss Alumni House you might think you were in a beehive it’s so busy! Here is just a bit of what we’re up to.
You’d think with wintry, cold weather, this time of year would be a slow one for our alumni chapters, but no! Almost 30 chapters have had or will have Presidents’ Day events, including Richmond, Washington, DC, Tallahassee, Baton Rouge, Houston, Oklahoma City, Los Angeles and Memphis.
Speaking of presidents, we are also taking our new one on the road to meet alumni. President Will Dudley is planning to visit nine chapters in the coming months, with more in the works. And, of course, winter and spring mean Alumni Fancy Dress! Three are scheduled this year in Richmond, Dallas and New York. Be sure to get your tickets early.
With all that’s going on, chances are good there is a W&L alumni event happening near you! For a full listing of upcoming chapter events, check out our website.
Black Alumni Reunion
The Alumni Affairs office is also getting ready to host the Black Alumni Reunion on campus March 3-4, 2017! The weekend is set to be a great one with a keynote address by Quincy Springs, IV ’02, a welcome from President Will Dudley, an admissions and diversity session and the Black Ball. Visit our website for registration information and the full schedule of events. For more information about Quincy and the keynote address, click here.
And last, but certainly not least, May 11- 14 is the biggest weekend of the year, Alumni Weekend! Alumni classes ending in 2s and 7s, be sure to watch your mail and email – Alumni Weekend registration materials will go out later in February.
Former vice president at Lehman Brothers to speak at W&L on May 14
Larry McDonald, a vice president at Lehman Brothers in the years leading up to its collapse, will give a talk, “21st Century Wall Street: Is It Different This Time?” at 5 p.m. on Thurs., May 14 in Huntley Hall 327 on Washington and Lee University’s campus. The event is free and open to the public.
The author of A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers, McDonald is a sought after speaker for his insights into the 2008 Wall Street crash and how we might manage risk to avoid a repeat. He joined Lehman Brothers in 2004 and was an early voice warning others about the sub-prime mortgage crises. He is a frequent guest on news outlets like CNBC and Bloomberg TV.
Washington and Lee senior to publish article in “Business Horizons”
Al Organ ’15, an accounting and business administration major and philosophy minor, will publish an article in the journal “Business Horizons” this summer. Organ worked with Raquel Alexander, associate professor of accounting and newly appointed associate dean of the Williams School, on an independent study that looked at tax incentives for businesses. The pair used Tesla Motors’ recent deal in Nevada as a case study.
To lure new companies, states put together generous incentive packages that include substantial tax breaks. The assumption is that the jobs the company creates and the money the company invests in infrastructure will outweigh what the state forfeits in tax revenue. Tesla’s deal with Nevada was an incentive package worth about $1.3 billion. Forecasters predicted that Tesla would create 6,500 new jobs and increase Nevada’s economic output by $100 billion over the next 20 years.
After researching the emergence and growth of tax incentive packages such as Tesla’s, Organ and Alexander found that state governments rarely review their tax incentive programs to confirm that the deals are actually stimulating economic growth for their states. In fact, only a few states have laws that require regular reviews of the deals they make with businesses.
“Working on this independent study was a great experience for me because it opened me up to the other side of academia. I have learned a lot from my coursework at W&L, but it was a great experience to research things outside of the classroom that still applied to my field of study,” Organ said.
In the article, Organ and Alexander give advice to business leaders who want to maximize incentive deals. They urge them to be realistic about the economic stimulus they can confidently promise states.
“One of the great things about teaching at W&L is the ability to mentor undergraduate research,” said Alexander. “Al is an excellent researcher and I was pleased that his efforts led to a publication in a leading business academic journal.”
A varsity soccer player and member of the Contact Committee and Beta Theta Pi fraternity, Organ will work for Wells Fargo Securities in Charlotte, NC as an analyst after graduation.
Raquel Alexander Named Next Associate Dean of the Williams School
Raquel Alexander, associate professor of accounting at Washington and Lee University’s Williams School of Commerce, Economics, and Politics, has been named the next associate dean of the Williams School.
Alexander will succeed Robert Straughan, who will assume his role as dean of the Williams School on July 1. “Raquel brings a great deal to the position including numerous teaching awards, a strong record of scholarship, leadership and service to both W&L and the accounting profession, and national recognition for innovative service learning activities,” Straughan said about her appointment.
Alexander worked for KPMG as a tax consultant in Dallas, Texas and Phoenix, Arizona, before earning her Ph.D. from the University of Texas at Austin. She joined the faculty at W&L—where she teaches taxation and the business of art—in 2012.
She has consulted or provided executive education to a number of firms and investment professionals around the country and served on the advisory council for three state treasurers. She is currently the treasurer and trustee for the American Taxation Association.
Alexander’s research focuses on tax policy related to personal savings and corporate taxation and has been published in top journals such as the Journal of the American Taxation Association, Behavioral Research in Accounting and the Journal of Law and Politics. She has written for The New York Times and her research has been cited in such media outlets as The Wall Street Journal, The Atlantic, Business Week and CNBC. Her work has led to reform in the college savings industry, and has been used by policy makers and regulators at the SEC, the MSRB, FINRA and the White House.