David Tang is Counsel in Seward & Kissel’s Investment Management Group.
David specializes in providing regulatory compliance consulting to registered investment advisers. In particular, he advises investment managers on the design and implementation of compliance policies and procedures, including the code of ethics, personal trading, gifts and entertainment, insider trading, expert networks, best execution, soft dollars, investment allocation, valuation, expense allocation, conflicts of interest, business continuity, cybersecurity and recordkeeping. He also advises on SEC registration requirements and available exemptions.
David regularly represents investment advisers through the SEC examination process. He conducts mock audits, risk assessments and compliance testing on an attorney-client privileged and confidential basis. David advises managers on Form ADV and other regulatory filings, and provides on-site compliance and insider trading training. He also counsels advisers on the impact of regulatory developments, such as recent SEC enforcement actions as well as new and proposed rules.
David is also well experienced in the formation and representation of private funds, advising on offering documentation, investment management agreements, separate account agreements, solicitation agreements, seed capital arrangements, side letters, employment matters, non-compete and non-solicit agreements, non-disclosure agreements, brokerage agreements and service provider agreements.
David’s advice draws from a wealth of in-house experience, having served as Chief Compliance Officer and senior counsel to multiple SEC registered investment management firms. David began his career as an associate in Seward & Kissel’s Investment Management Group in 2002.
David earned his J.D. from UCLA School of Law, and his B.A. in Economics and History, magna cum laude, from Binghamton University.