We advise fund sponsors, investment advisers, independent directors and underwriters in connection with the formation and operation of open-end and closed-end registered investment companies, including exchange-traded funds (ETFs), business development companies (BDCs) and interval funds. We have extensive experience in preparing and updating fund registration statements, including prospectuses and statements of additional information. We also prepare proxies, annual and semi-annual reports and other regulatory reports for submission to the SEC.
We serve as counsel to the independent directors of registered investment companies and ETFs and advise bank-affiliated and other investment fund complexes, underwriters, investment advisers and administrators that serve registered investment companies and ETFs.
We have broad experience with fund mergers and investment adviser change of control issues. We prepare and advise on fund compliance policies and procedures. We also prepare and negotiate service provider agreements, including advisory, distribution, authorized participant, custody, transfer agent, fund accounting, fund administration and compliance services and intermediary agreements.
We prepare requests for exemptive relief and no-action letters and seek other relief for our fund and ETF clients from the SEC. We assist our fund and ETF clients in preparing for regulatory examinations and with responding to regulatory deficiency letters. We also advise these clients in connection with SEC and other regulatory enforcement actions.