Jack W. Murphy practiced securities law for 33 years, retiring in 2018 from Dechert, LLP, where he was a senior partner in the firm’s Financial Services Practice Group and provided legal advice to registered mutual funds, closed-end funds and investment advisers in connection with all aspects of their operations. Mr. Murphy joined Dechert from the U.S. Securities and Exchange Commission (SEC), where he served as Associate Director and Chief Counsel of the Division of Investment Management from 1994 until 1997. In that role, he supervised the office primarily responsible for interpreting and establishing the Division’s positions under the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Mr. Murphy began his career with the Division of Investment Management in 1985. He left the SEC in 1988 for private practice in New York City, after which he served as associate general counsel of the asset management subsidiary of a major brokerage firm. Since retiring, Mr. Murphy has served the Law School as an Adjunct Professor, teaching Securities Regulation: Compliance and, most recently, Introduction to Securities Law. He currently serves as the Director of the Securities Program.