Thomas L. Krebs is an American securities and finance attorney. Krebs continues to represent the Alabama Securities Commission in select matters and maintains a private securities practice. He is recognized in The Best Lawyers in America for Securities Law.

Background

Education

Krebs graduated from the

University of Virginia The University of Virginia (UVA) is a Public university#United States, public research university in Charlottesville, Virginia. Founded in 1819 by Thomas Jefferson, the university is ranked among the top academic institutions in the United S ...

in 1966 and was awarded a

Juris Doctor The Juris Doctor (J.D. or JD), also known as Doctor of Jurisprudence (J.D., JD, D.Jur., or DJur), is a graduate-entry professional degree in law and one of several Doctor of Law degrees. The J.D. is the standard degree obtained to practice law ...

degree from the

University of Alabama School of Law The University of Alabama School of Law, (formerly known as the Hugh F. Culverhouse Jr. School of Law at The University of Alabama) located in Tuscaloosa, Alabama is a nationally ranked top-tier law school and the only public law school in the sta ...

in 1972.

Military service

Prior to attending law school, Krebs was an officer in the

United States Marine Corps The United States Marine Corps (USMC), also referred to as the United States Marines, is the maritime land force service branch of the United States Armed Forces responsible for conducting expeditionary and amphibious operations through combi ...

serving in Vietnam as a platoon commander, where he was twice decorated for heroism and meritorious service (

Bronze Star The Bronze Star Medal (BSM) is a United States Armed Forces decoration awarded to members of the United States Armed Forces for either heroic achievement, heroic service, meritorious achievement, or meritorious service in a combat zone. Wh ...

with

Combat "V" Combat ( French for ''fight'') is a purposeful violent conflict meant to physically harm or kill the opposition. Combat may be armed (using weapons) or unarmed ( not using weapons). Combat is sometimes resorted to as a method of self-defense, or ...

, the Navy Commendation Medal with Combat "V" and the

Purple Heart Medal The Purple Heart (PH) is a United States military decoration awarded in the name of the President to those wounded or killed while serving, on or after 5 April 1917, with the U.S. military. With its forerunner, the Badge of Military Merit, w ...

Public service

Alabama Securities Commission

Krebs served as the Director of the Alabama Securities Commission from 1975 until 1985.

Leviticus project

In 1978, together with the Honorable

Robert Morgenthau Robert Morris Morgenthau ( ; July 31, 1919July 21, 2019) was an American lawyer. From 1975 until his retirement in 2009, he was the District Attorney for New York County (the borough of Manhattan), having previously served as United States Attorn ...

, the District Attorney for the County of New York, Krebs founded the Leviticus Project, a six-state, sixteen agency task force organized to investigate and prosecute crime in the coal industry. The Leviticus Project was and continues to be one of the finest state-to-state cooperative investigative programs in the United States. The Leviticus Project created the Prosecutorial Management Information System (PROMIS) which is a clearinghouse for information concerning fraud schemes and con persons. The Leviticus Project organized to fight fraud in the coal industry and expanded to investigate and multi-jurisdictional fraud cases generally.

World Securities Conferences

In 1980 and 1981 at the request of the then director of the SEC's Division of Enforcement, Judge

Stanley Sporkin Stanley Sporkin (February 7, 1932March 23, 2020) was a director of enforcement for the Securities and Exchange Commission (SEC), general counsel for the Central Intelligence Agency and United States federal judge of the United States District Cour ...

, Krebs was selected to be a member of the United States delegation to the World Securities Conferences. Krebs served as the commission's director until August 1982.

NASAA

In 1981, Krebs served as the president of the North American Securities Administrators Association.

U.S. Agency for International Development

In 1982, Krebs accepted and completed an engagement by the

United States Agency for International Development The United States Agency for International Development (USAID) is an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 bi ...

to recommend a program of training for the Amman Financial Market, the securities regulatory agency for the Country of Jordan. Following a six-week study of the Jordanian securities market, Krebs drafted a 108-page report which made specific training proposals for specified AFM personnel, together with a time table for the completion of that training.

Utah Securities Division

In 1983, the governor of the State of Utah requested that Mr. Krebs consult with and advise his staff regarding the enactment of legislation and the staffing of the Utah Securities Division aimed at stopping the "penny stock" frauds which then plagued that state.

Cumberland School of Law

In 1986, Krebs taught "Securities Regulation" as an Adjunct Lecturer at the

Cumberland School of Law Cumberland School of Law is an American Bar Association, ABA accredited law school at Samford University in Birmingham, Alabama, United States. It was founded in 1847 at Cumberland University in Lebanon, Tennessee and is the 11th oldest law schoo ...

Samford University Samford University is a private Christian university in Homewood, Alabama. In 1841, the university was founded as Howard College by Baptists. Samford University describes itself as the 87th oldest institution of higher learning in the United Sta ...

Birmingham, Alabama Birmingham ( ) is a city in the north central region of the U.S. state of Alabama. Birmingham is the seat of Jefferson County, Alabama's most populous county. As of the 2021 census estimates, Birmingham had a population of 197,575, down 1% fr ...

Financial Crisis Inquiry Commission

Starting in 2010, Krebs served as the assistant director and Deputy General Counsel of the

Financial Crisis Inquiry Commission The Financial Crisis Inquiry Commission (FCIC) was a ten-member commission appointed by the leaders of the United States Congress with the goal of investigating the causes of the financial crisis of 2007–2008. The Commission has been nicknamed t ...

, where he spearheaded the investigation of securitizations of mortgaged-backed securities, foreclosures and misrepresentations, Lehman Brothers, Bear Sterns and Shadow Banking, among other investigations.

House Financial Services Committee

Krebs was appointed by Senator

Spencer Bachus Spencer Thomas Bachus III (born December 28, 1947) is an American politician. He is a former U.S. Representative for the state of Alabama, serving from 1993 to 2015. A member of the Republican Party, he served as ranking member (2007–2011) an ...

to serve as senior counsel to the

House Financial Services Committee The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees t ...

Published writings

* ''Securities Litigation in Alabama: Open shirts, gold chains, and pinkie rings - a guide for widows and orphans'', co-authored with David R. Donaldson, 20 Cumberland L.Rev. 481, 531-532 (1990). * Krebs is under contract with Matthew Bender, edited the Blue Sky Fraud portions of the H. Sowards & N. Hirsch's "Business Organization" (1989).

References

External links

Alabama Securities Commission
{{DEFAULTSORT:Krebs, Thomas Year of birth missing (living people) Living people American lawyers United States securities law University of Virginia alumni