Professor Karmel's area of expertise is international and domestic securities regulation, for which she is widely called upon to teach and lecture all over the world. She is a former Commissioner of the Securities and Exchange Commission, a former Public Director of the New York Stock Exchange, and was in private practice for 30 years. She was also a Fulbright Scholar studying the harmonization of the securities laws in the European Union. She released a new book in the fall of 2014 titled: Life at the Center: Reflections on Fifty Years of Securities Regulation. Professor Karmel is the author of Regulation by Prosecution: The Securities and Exchange Commission Versus Corporate America, and has widely published articles on securities regulation and international securities law in dozens of law reviews and journals. She also authors a bi-monthly column, "Securities Regulation," that appears in the New York Law Journal.
Professor Karmel's professional activities and affiliations are numerous. She is the Chair Emerita of the Board of Trustees of the Practising Law Institute, a member of the American Law Institute, and a Fellow of the American Bar Foundation. She also serves on the ABA's Presidential Task Force on Financial Markets Regulatory Reform. She previously served as a director of the New York Chapter of the National Association of Corporate Directors and was the Vice-Chair of the International Coordinating Committee of the American Bar Association Business Law Section.