G. Philip Rutledge

Partner, Bybel Rutledge LLP
Bybel Rutledge LLP 1017 Mumma Road Suite 302
Lemoyne, PA 17043

Work: 717.731.1700
Cell: 717.503.1928

Preparation of written expert opinion as well as testimony as an expert in arbitrations and civil litigation concerning:

Federal, state and FINRA regulatory issues Federal, state and FINRA enforcement B/D and IA registration, exams and compliance Public securities offerings Private Placements Federal and state law on securities registration & exemptions Determining when a "security" exists Securities Exchange Act requirements Underwriting and placement agency agreements Securities fraud, including insider trading Due diligence for securities offerings NASAA Enforcement sweep Nasdaq Exchange listing qualifications and hearings

G. PHILIP RUTLEDGE Chairman, Bybel Rutledge LLP, Attorneys at Law 1017 Mumma Road, Lemoyne, PA 17043 (717) 731.1700 rutledge@bybelrutledge.com

EDUCATION Centre for Commercial Law Studies, University of London J.D., The Dickinson School of Law, Carlisle, PA A.B., Albright College, Reading, PA

BAR Supreme Court of the United States ADMISSIONS U. S. Court of Appeals for the Third Circuit U. S. District Court for the Middle District of Pennsylvania Supreme Court of the Commonwealth of Pennsylvania

BAR MEMBERSHIP Pennsylvania Bar Association, American Bar Association PEER RECOGNITION Rated AV® (Highest Rating by Martindale-Hubbell)*

PREVIOUS GOVERNMENT Chief Counsel, PA Securities Commission POSITION Harrisburg, PA


Tutor/Examiner, Centre for Financial and Management Studies, University of London (2008-present)

Member, Securities Regulation Advisory Committee, American Law Institute (2007-present)

Member, Listings Qualification Hearing Panel, The Nasdaq Stock Market, Inc. (2006 – present)

Member, Securities Advisory Committee, PA Department of Banking and Securities (2013-present)

Inns of Court Visiting Fellowship, Institute of Advanced Legal Studies, University of London (2000).

Freedom of the City of London in the Worshipful Company of Pattenmakers, London

Fellow, Society for Advanced Legal Studies, University of London

Adjunct Faculty, Widener University School of Law, Harrisburg, PA (2008 to 2012)

Adjunct Faculty, The Dickinson School of Law of the Pennsylvania State University (1988-2008)

Faculty, FINRA Compliance Program, Wharton School, University of Pennsylvania (2001-2012)

Lecturer, International Symposium on Economic Crime, University of Cambridge, England (1987-present).

Chair, Securities Regulation Committee, Business Law Section, PA Bar Association (1998-present).

Special Consultant, European Commission AGIS Project (2007 – 2008)