Judith Hasenauer is a principal in the law firm of Blazzard & Hasenauer, P.C. She is a 39 year veteran of the financial services industry and devotes her practice to the development and regulatory clearance of variable annuities and variable life insurance products, mutual funds, broker-dealers and investment advisers.
Judith started her career in the financial services industry with the consulting and administrative service subsidiary of what is now Swiss Re, where she was assistant vice president and counsel to the systems development element of her company and served as a registered principal of the company’s broker/dealer.
For the past 36 years she has been in private law practice in the law firm she helped found. She represents insurers, money managers and distributors in the design and regulatory clearance of variable insurance products and of the mutual funds that underlie them. She also works with FINRA member firms and investment advisers, assisting them with regulatory concerns.
She has been an active participant in the Insured Retirement Institute (IRI and formerly NAVA) from its inception and headed the Regulatory Affairs Committee for twelve years. As the chair of the Committee, she had been one of the leading spokespersons for the Association to the Securities and Exchange Commission and the other regulatory bodies, such as the FINRA.
As chair of the Prospectus Simplification Sub-committee of the Association’s Regulatory Affairs Committee, Judith led the negotiations to obtain IRI’s no-action letter from the SEC permitting profiles. She has served as the primary draftsperson for Association’s proposal for a revised registration form for variable annuities. Her ideas are a key element in what IRI hopes will be a more simplified and expedited method for registering and updating variable annuity products.
From 2006 – 2009, Judith was the legal counsel to the IRI Straight-through Processing (STP) initiative. She provided not only legal advice to the project but also facilitated a number of the working groups and drafted or provided assistance with the development of the operating standards and model documents that were published by IRI for use by its members.
Throughout her long career, Judith has been responsible for many innovations and breakthroughs in our industry. For example, she is the originator of the Contingent Deferred Sales Charge – an innovation that revolutionized not only the variable annuity and variable life insurance business, but the mutual fund industry, as well. She has worked not only with companies developing or selling registered products, but Judith has worked extensively with companies in the development of private placement products, including both on and off-shore.
In October, 2002, Judith was inducted into the NAVA Hall of Fame. This award recognized Judith’s life time achievements and contributions to the variable contract industry.
Judith is a graduate of the University of Rochester with a degree in general science, and of Golden Gate University with a J.D. degree. She also holds a designation as a Chartered Life Underwriter. She is admitted to practice law in California, Connecticut, New York, the District of Columbia and Florida.