Paul N. Roth

Practice Areas

Securities regulation; mergers and acquisitions; financial transactions; investment partnerships; investment advisers and broker-dealers; cross-border acquisitions into the United States

Education

Selected Publications

“An Alternative Approach to SEC Examinations,” HedgeFund Intelligence, Spring 2007

“Removing the Shroud of Secrecy,” Alpha, September 2006

“Solving the Legal Issues,” Road Map to Starting a Hedge Fund, AbsoluteReturn Special Report, December 2003

“Hedge Funds Regulation in the Aftermath of Long Term Capital Management,” Hedge Funds: Law and Regulation, Sweet & Maxwell 2000

“Proposed Section 3(c)7: A New Exception for Private Pool Investing,” The Investment Lawyer, June 1996

“Critical Legal and Regulatory Issues,” Hedge Funds-Investment and Portfolio Strategies for the Institutional Investor, Irwin Professional Publishing, 1995

Selected Speaking Engagements

“Counterparty Risk Issues: Lessons Learned From the Recent Credit/Liquidity Crisis," FRA/Hedge Fund Business Operations Association's 3rd Annual Meeting, September 2008

“Best Practices for the Hedge Fund Industry and for Hedge Fund Investors,” SIFMA Hedge Funds and Alternative Investments Summit and Exposition, June 2008

“Regulation of Funds,” Brooklyn Law School’s Dennis J. Block Center for the Study of International Business Law’s Future of Financial Regulation Seminar, May 2008

“Hedge Funds Speak Up – Challenges from the Hedge Fund Perspective,” SIFMA Compliance & Legal Division’s 40th Annual Seminar, March 2008

“State of the Industry – A Legal and Regulatory Update,” Managed Fund Association’s Network 2008 conference, February 2008

Co-chair, “Hedge Funds at the Crossroads: Activism and New Opportunities in Today’s Capital Markets,” West LegalWorks’ conference, December 2007

Moderator, “Public and Private Sales of Ownership in Hedge Fund Managers” panel, SRZ Cutting Edge Alternative Asset Management Deals seminar, July 2007

“Hedge Funds: The Last Unregulated Frontier - But For How Long?,” Milken Institute Global Conference, April 2007

“The Future of the Hedge Fund Industry and the Role of the Activist Investor,” CFA Institute Annual Conference, April 2007

“Hedge Funds,” SIFMA Anti-Money Laundering Compliance & Legal Division Seminar, March 2007

Hedge Fund Panel, SIA Annual Conference, March 2007

Co-chair, IBA Private Investment Fund Conference, London, March 2007

ABA Section of Law, Subcommittee on Private Investment Entities, Spring Conference, March 2007

“Hedge Funds: Overview of Structure, Taxation & Regulation,” MFA Network, February 2007

SRZ 16th Annual Private Investment Funds Seminar, January 2007

Co-chair, West LegalWorks Hedge Fund Activism Conference, December 2006

FRA 4th Annual Hedge Funds Business Operations Forum, December 2006

Keynote speaker, “The State of the Industry,” FRA 8th Annual Hedge Fund Regulation & Compliance Forum, November 2006

Goldman Sachs 4th Annual Hedge Fund Conference, November 2006

“State of the IA Industry,” and “Protecting Your Firm From SEC Scrutiny,” National Regulatory Services Greenwich Conference, November 2006

“How the Investors in Durus Capital Management took the Firm’s Blowup into their Own Hands and Averted Disaster,” 2nd Annual Absolute Return Hedge Fund Symposium, November 2006

5th Annual Hedge Fund Seminar, London, October 2006

Citigroup Global Prime Brokerage Group Capital Introduction Breakfast for Asian Fund Managers, October 2006

Connecticut Department of Banking Securities, October 2006

“Major Law Changes/Rules for Registration and ERISA,” SRZ Hedge Fund Compliance Seminar, September 2006

“Post-Goldstein Outlook for Hedge Fund Legislation and Regulation,” MFA Annual Forum, September 2006

Bank of America Securities Prime Brokerage Hedge Fund Strategic Initiatives Conference, June 2006

Hedge Fund Institutional Forum, Endowments & Foundations Roundtable, June 2006

MFA Annual Forum, June 2006

“A Changing Business & Regulatory Environment,” SIA Hedge Funds & Alternative Investments Conference, June 2006

“Hedge Fund Advisers,” Adviser Compliance Associates webcast, April 2006

“The Future of Hedge Fund Regulation,” Columbia Business Law Review conference, April 2006

Registered Alternative Funds “New Products for New Markets” seminar, April 2006

ABA Section of Business Law Spring Meeting, April 2006

Chair, ABA Session of Private Investment Entities, April 2006

NICSA, Hedge Funds Conference, April 2006

SIA Compliance & Legal Division Annual Seminar, March 2006

Co-chair, IBA/ABA London Conference, February 2006

SRZ 15th Annual Private Investment Funds Seminar, January 2006

SIA Hedge Funds Conference, September 2005

“The SEC’s New Hedge Fund Rules & Implications for Managers in Europe,” MFA conference, July 2005

Chair and speaker, GAIM, Hedge Fund Forum, “Hedge Fund M&A: The Advantages and Disadvantages of Being Acquired,” June 2005

Cayman Islands Monetary Authority Hedge Fund Regulation and Compliance Roundtable, May 2005

“Implications of the Rule for Chief Compliance Officers,” MFA conference, May 2005

SIA Compliance & Legal Division Annual Seminar, April 2005

“Overview of the New Registration Rule,” New York University, April 2005

“State of the Industry-Regulatory Update,” MFA Network conference, February 2005

“Overcoming Compliance, Operational, and Valuation Challenges,” Institutional Investor Hedge Fund Best Practices Conference, February 2005

“Guidance for the Unregistered Adviser,” MFA conference, January 2005

“Mutual Funds and Hedge Funds: The Fees for Professional Investment Advice,” Fordham University Spring Roundtable, January 2005

“Understanding the New Hedge Fund Rule,” Practising Law Institute, November 2004

BlackRock, Fund of Hedge Funds Investor Conference, November 2004

“Investment Partnerships,” Ernst & Young Hedge Fund Conference, November 2004

“New Regulation: Weighing the Impact,” SIA conference, November 2004

“Regulatory Brave New World,” Absolute Return Symposium, October 2004

“Hedge Fund Fraud,” University of Pennsylvania, October 2004

MFA/CAPCO, Hedge Fund Valuation and Accounting Town Hall Meeting, October 2004

“Succeeding Within the New Regulatory Environment,” Institutional Investor Hedge Fund Best Practices Conference, September 2004

“Regulatory Update,” GAIM Fund of Funds Conference, September 2004

Bank of America, CFO Conference, June 2004

“Examining the Latest Business Continuity and Disaster Recovery issues for Hedge Funds,” MFA conference, May 2004

“Hedge Fund Business Growth Strategies,” Strategy Institute Future of the Industry Panel, Leaders’ Debate, April 2004

“Hedge Fund Regulatory Update,” MFA Network, February 2004

“Changing Regulatory Landscape,” GAIM USA, January 2004

“Valuation Challenges for Hedge Funds,” MFA conference, January 2004

“Changing Regulatory Update,” GAIM Symposium, January 2004

SEC Hedge Fund Roundtable, Panelist (Assessment of the Current Regulatory Framework), May 2003

Memberships

Professional 
Harvard Law School Center on Lawyers and the Professional Services
     Industry Advisory Board, 2006-present
Harvard University, Faculty of Arts and Sciences, Task Force on the 
    Undergraduate Experience, 2006-present
American Bar Association
    Chair, Subcommittee on Hedge Funds, 2005-present 
    Vice Chair, Subcommittee on Hedge Funds, 2002-05 
National Association of Securities Dealers, Inc. 
    Legal Advisory Board, 1999-2003
New York City Bar Association 
    Chair, Committee on Securities Regulation, 1989-92
New York State Bar Association
The Harvard Law School Alumni Association of New York City       
   President, 1999-2001      
   Vice President, 1992
   Trustee, 1987-90

Other
Citizens for NYC
    Member, Board of Directors
NAACP Legal Defense Fund
    Board of Directors
Phi Beta Kappa Associates

Other Distinctions

Fellow, New York Bar Foundation
The Best Lawyers in America
Chambers USA America’s Leading Lawyers for Business
Guide to the World’s Leading Capital Markets Lawyers
The International Who’s Who of Private Funds Lawyers
Lawdragon 500 Leading Lawyers in America
The Legal 500 US
PLC Cross-Border Handbooks: Investment Funds
Who's Who in America
Who's Who in American Law