Brian T. Daly advises hedge, private equity and real estate fund managers on regulatory, compliance and operational matters. He has extensive experience designing and improving compliance processes and organizational systems and helps clients navigate their initial and ongoing regulatory compliance obligations under the rules and regulations of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the National Futures Association. Brian also regularly represents clients in enforcement actions, regulatory examinations, trading inquiries, and in seeking no-action or similar relief. Having spent nearly a decade in-house as general counsel and chief compliance officer of several prominent investment management firms, Brian is well-versed in the wide range of legal and business challenges facing investment advisers, commodity pool operators and commodity trading advisors.

Brian is a recognized leader in advising alternative investment fund managers on regulatory and compliance matters and is well-known for his thought leadership in this area. Chambers Global and Chambers USA list Brian as a “leading individual” in investment funds. In addition, Brian is a member of the Managed Funds Association’s Outside Counsel Forum and its CTA/CPO Forum (of which he was formerly a Steering Committee member) and of the CFTC Working Group of the Alternative Investment Management Association. He formerly was a member of the New York City Bar Association’s Private Investment Funds Committee and the MFA’s General Counsel Forum, its CTA, CPO & Futures Committee and its Investment Advisory Committee. In addition to his legal practice, Brian taught legal ethics at Yale Law School. Brian received his J.D., with distinction, from Stanford Law School.

Publications

“CFTC 2020 Examination Initiative – Guidance for Private Fund Managers,” SRZ Alert, Nov. 8, 2019 (co-author)

“SEC Proposes Advertising and Cash Solicitation Rules Overhaul,” SRZ Alert, Nov. 6, 2019 (co-author)

“SEC Final Interpretation of IA Standard of Conduct,” SRZ Update republished in The Hedge Fund Journal, October 2019

“Swaps Proficiency Administration Webinars (and Surcharge) Announced by NFA,” SRZ Alert, Oct. 18, 2019 (co-author)

“Regulators Put Chief Compliance Officers in Their Sights in 2 Financial Fraud Cases,” Corporate Counsel, September 2019 (quoted)

“NFA Updates FAQs on Swaps Proficiency Requirements,” SRZ Alert, Sept. 20, 2019 (co-author)

“CFTC Sanctions CCO for Participation in Fraud: Lessons for Private Fund Compliance Officers,” SRZ Alert, Sept. 19, 2019 (co-author)

“Quants’ legal predicament,” HFMWeek, Aug. 22, 2019 (quoted)

“Private Funds Regulatory Update,” SRZ Update, August 2019 (co-author)

New NFA Proficiency Requirements for Hedge Fund Managers,” SRZ Alert, May 2, 2019 (co-author); republished in The Hedge Fund Journal, May 2019

“SEC Charges Fund Manager for Improper Cross Trades,” SRZ Alert, April 8, 2019 (co-author)

“NFA Update: New Supervision and Cybersecurity Obligations for Private Fund Managers Registered with the National Futures Association,” SRZ Alert, Feb. 1, 2019 (co-author)

“Insider Trading Law and Commodity Interests,” Insider Trading Law and Compliance Answer Book (Practising Law Institute), 2019

“HF Lawyers Cautiously Optimistic on New CFTC Chair Nomination,” HFMWeek, Dec. 19, 2018 (quoted)

“Quants Feel the Heat from Regulators,” CTA Intelligence, Nov. 19, 2018 (quoted)

“CFTC Crackdown on Insider Trading: What You Need to Know,” HFMWeek, Nov. 16, 2018 (co-author)

Hedge Funds: Formation, Operation and Regulation (ALM Law Journal Press) (co-author)

Private Equity Funds: Formation and Operation (Practising Law Institute) (contributor)

“CFTC Proposes Broader Relief for Commodity Pool Operators,” SRZ Alert, Oct. 16, 2018 (co-author)

“CFTC Insider Trading Enforcement Efforts Increase: Implications for Private Fund Managers, SRZ Alert, Oct. 3, 2018 (co-author); republished in The Hedge Fund Journal, November 2018  

“The New Normal in Commodity Derivatives Enforcement Actions: ‘Cooperative Enforcement’ and Implications for Private Fund Managers, SRZ Alert, Oct. 2, 2018 (co-author); republished in Law360, Oct. 3, 2018

“SEC Charges Hedge Fund Manager with Short-and-Distort Scheme, SRZ Alert, Sept. 14, 2018 (co-author); republished in The Hedge Fund Journal, November 2018  

“Quantitative Investment Manager Sanctioned by the SEC: Lessons for Private Fund Managers,” SRZ Alert, Sept. 5, 2018 (co-author); republished in Law360, Sept. 6, 2018

“OCIE Best Execution Risk Alert: Guidance and Lessons for Private Fund Managers,” SRZ Alert, July 24, 2018 (co-author); republished in The Hedge Fund Journal, November 2018 

Commodities Roundup,” SRZ Alert, June 7, 2018 (co-author)

“SEC’s Fund Adviser Fines A Warning To PE Firms, Attys Alike,” Law360, June 5, 2018 (quoted)

“How Attorneys Can Help PE Clients Be SEC Compliant,” Law360, May 11, 2018 (quoted)

SEC Proposes Investment Adviser Standards of Conduct and Enhanced Regulation,” SRZ Alert, April 19, 2018 (co-author)

“OCIE Issues Risk Alert on Fees and Expenses,” SRZ Alert, April 17, 2018 (co-author)

“NFA Updates Firm Questionnaire to Require Virtual Currency Reporting,” SRZ Alert, Dec. 18, 2017 (co-author)

“The Growing Interest in Cryptocurrencies: Q&A with SRZ's Blockchain Technology & Digital Assets Group,” The Hedge Fund Journal, December 2017 (interview)

“Quantitative, Systematic and Algorithmic Trading — Regulatory Pitfalls and Concerns: Current Topics and Compliance Considerations,” Practising Law Institute, Nov. 30, 2017

“Bitcoin Derivatives and Expanded CFTC Jurisdiction,” SRZ Alert, Nov. 14, 2017 (co-author)

Cross-Border Implementation of MiFID II Research Provisions — SEC No-Action Relief to Investment Advisers and Broker-Dealers and European Commission Guidance,” SRZ Alert, Oct. 31, 2017 (co-author); republished in The Hedge Fund Journal, October 2017

LabCFTC Releases Primer on Virtual Currencies,” SRZ Alert, Oct. 18, 2017 (co-author)

“SEC Warns on Common Advertising Violations,” Compliance Reporter, Sept. 18, 2017 (quoted)

“SEC Waits on Sidelines as New Bitcoin Market Opens,” Bloomberg BNA, Aug. 28, 2017 (quoted)

“CFTC Provides Position Aggregation Relief for Private Fund Managers and Others,” SRZ Alert, Aug. 11, 2017 (co-author); republished in Westlaw Journal, Aug. 24, 2017

‘Spoofing’ Conviction Upheld: Implications for Private Fund Managers and Algorithmic Traders,” SRZ Alert, Aug. 11, 2017 (co-author)

“Best Practices for Hedge Fund Managers Preparing for an SEC Examination,” Hedge Fund Legal & Compliance Digest, August 2017 (co-author)

“CFTC Regulatory Update,” SRZ Alert, July 11, 2017 (co-author)

“New CFTC Rules Formalize Certain Whistleblower Protections,” Westlaw Journal – Securities Litigation & Regulation, June 8, 2017 (co-author); republished in The Hedge Fund Journal, June 2017

“CFTC Updates — and Modernizes — Electronic Recordkeeping Rules for Hedge Fund Managers and Other Registrants,” SRZ Alert, June 8, 2017 (co-author); republished in Westlaw Journal, June 2017

“CFTC Adds Whistleblower Protection Rules,” Compliance Reporter, May 31, 2017 (quoted)

“Attorney: Swap Exchanges Bringing More Enforcement Actions,” Compliance Reporter, April 4, 2017 (quoted)

“What Role Should the GC or CCO Play in the Audit of a Fund’s Financial Statements?,” The Hedge Fund Law Report, Feb. 23, 2017 (quoted)

“Commodities Litigation,” Corporate Disputes Magazine, January March 2017 

“Predictions on the Forecast for the Industry in 2017,” IA Watch, Jan. 2, 2017 (quoted)

“How Hedge Fund Managers Can Prepare for SEC Remote Examinations (Part Two of Two),” The Hedge Fund Law Report, Dec. 22, 2016 (quoted)

“Recent CFTC Rule Changes That Affect Hedge and Private Equity Fund Managers,” SRZ Alert, Dec. 21, 2016 (co-author); republished in The Hedge Fund Journal, January 2017

“Unanimous U.S. Supreme Court Decision Aims at ‘Newman’ Insider Trading Standard,” IA Watch, December 2016 (quoted)

“Could Trump Call Time on Reg AT?,” CTA Intelligence, November 2016 (quoted)

“CFTC Seeks to Reassure Managers Over Source Code Access,” HFMWeek, Oct. 25, 2016 (quoted)

“New Form ADV: The Impact on Private Fund Advisers,” SRZ Alert, Sept. 19, 2016 (co-author); republished in The Hedge Fund Journal, September 2016

“Preparation, Incorporation of Proposed Changes to Form ADV Enable Advisers to Stay Ahead on Best Practices,” Hedge Fund Legal & Compliance Digest, June 30, 2016 (quoted)

“How Hedge Fund Managers Can Prepare for SEC Remote Examinations (Part Two of Two),” The Hedge Fund Law Report, May 19, 2016 (quoted)

“What Hedge Fund Managers Can Expect From SEC Remote Examinations (Part One of Two),” The Hedge Fund Law Report, May 12, 2016 (quoted)

“The New FINRA Registration Requirement for Algorithmic Traders: Implications for Broker-Dealers and Investment Advisers,” SRZ Alert, April 26, 2016 (co-author); republished in The Hedge Fund Journal, April/May 2016 

“Reviewing CFTC Regulation AT Proposals,” The Hedge Fund Journal, January 2016 (quoted)

“Regulators Seek Access to Algos’ ‘Secret Sauce,’” HFMWeek, Jan. 20, 2016 (quoted)

“The CFTC Brings (and Settles) Its First Insider-Trading Case: Implications for All Private Fund Managers,” SRZ Alert, Dec. 15, 2015 (co-author); republished in The Hedge Fund Journal, January 2016

“Regulatory Change: 2015 Diagnosis, 2016 Prognosis — Schulte Roth & Zabel’s Leading Securities Litigation Practice,” The Hedge Fund Journal, November 2015 (profile)

“Manager Alarm Over CFTC Access to Source Codes,” HFMWeek, Dec. 1, 2015 (quoted)

“Q&A with Brian T. Daly: SRZ’s Systematic and Quantitative Strategies Practice,” The Hedge Fund Journal, October 2015 (profile)

“Securities, Futures Regulators Increase Scrutiny, Expectations on Cybersecurity,” Bloomberg Brief | Financial Regulation, Oct. 23, 2015 (co-author)

“Rule 105 Update: New Round of Enforcement Highlights SEC Approach on Short-Selling Violations,” SRZ Alert, Oct. 22, 2015 (co-author); republished in The Hedge Fund Journal, November 2015

“What’s Driving the Quant Push? Big Hedge Fund Names Are Spotting Opportunities to Diversify Investor Assets,” HFMWeek, Oct. 20, 2015 (quoted)

“CFTC Muscles Its Way to New Regulatory Turf,” Law360, Oct. 2, 2015 (quoted)

“CFTC’s Position on Bitcoin — and What It Means,” Law360, Sept. 25, 2015 (co-author)

“SEC Fires Cybersecurity Warning Shot Ahead of Sweep,” Private Equity International – Private Funds Management, Sept. 23, 2015 (quoted)

“SRZ Submits Commentary on SEC ADV & IAA Proposals — Concerns Over Consistency and Confidentiality,” The Hedge Fund Journal, September 2015 (interview)

“Cybersecurity Update: Takeaways from OCIE’s Examination Initiative and the NFA’s Rulemaking Proposal,” SRZ Alert, Sept. 21, 2015 (co-author)

“CFTC Determines That Bitcoin and Other Virtual Currencies Are Commodities,” SRZ Alert, Sept. 18, 2015 (co-author)

“Manufacturers Vulnerable to Theft of Trade Secrets,” Agenda – Financial Times, Aug. 10, 2015 (quoted)

“Case Study: Form ADV,” HFMCompliance, August 2015 

“Experts Warn over Extra Burdens of SEC ADV Plans,” HFMWeek, July 16, 2015 (quoted)

“Umbrella Registration Concerns for Non-U.S. Managers,” HFMWeek, July 16, 2015 (quoted)

“Q&A: Legal Defences,” HFMTechnology, May 2015 (interview)

“New SEC Cybersecurity Guidance: What It Means for Fund Managers,” SRZ Alert, May 4, 2015 (co-author); republished in The Hedge Fund Journal, June/July 2015

“SEC Whistleblower Case Challenges Restrictive Language in Confidentiality Agreements,” SRZ Alert, April 10, 2015 (co-author)

“SkyBridge Is Peddling Itself in West Palm Beach,” The Wall Street Journal – MoneyBeat, March 16, 2015 (quoted)

“CFTC Chair Tim Massad: A Fresh Perspective,” HFMWeek, Feb. 11, 2015 (quoted)

“SEC Cybersecurity Update: OCIE Risk Alert Provides Insights for Private Fund Managers on SEC Cybersecurity Examinations,” SRZ Alert, Feb. 4, 2015 (co-author); republished in The Hedge Fund Journal, February/March 2015

“NFA Eyes Firms’ Compliance Cultures,” Compliance Intelligence, Jan. 21, 2015 (quoted)

“For The Record: Year End,” Bloomberg Brief | Financial Regulation, Jan. 9, 2015 (quoted)

“CFTC Considers Swap Data Rule Changes,” Compliance Intelligence, Dec. 11, 2014 (quoted)

“CFTC Provides Additional Delegation Relief for Private Fund Managers,” SRZ Alert, Nov. 10, 2014 (co-author)

“Current Issues in Commodity Futures: Position Limits and Aggregation,” SRZ White Paper, October 2014

“Position Limits: A Brief Introduction,” SRZ White Paper, October 2014

“IMs Face Rising Position Limits Concerns,” Compliance Week, Oct. 16, 2014 (quoted)

“JOBS Act Update: CFTC Relief Removes Impediment to General Solicitation,” SRZ Alert, Sept. 11, 2014 (co-author); republished in The Hedge Fund Journal, September 2014

“Petition Raises Hopes On ‘Outdated’ CFTC Records Rules,” Compliance Intelligence, July 28, 2014 (quoted)

“Exploring Alternative Investments,” The Wall Street Journal, June 6, 2014 (quoted)

“CFTC Provides Guidance Regarding Commodity Pool Operator Delegation — Action Required for Many Registered CPOs,” SRZ Alert, May 19, 2014 (co-author)

“Best Practices to Harden Your Firm’s Compliance When Using Soft Dollar Research,” IAWatch, April 21, 2014 (quoted)

“CTAs Fret Looming Swaps Records Deadline,” Compliance Intelligence, April 7, 2014 (quoted)

“‘Knowledgeable Employees’ – Recent SEC Guidance Also Details Broker-Dealer Registrations,” The Hedge Fund Journal, March 31, 2014 (co-author)

“2015 Budget Proposal: SEC Gets a Number It Likes, CFTC Not So Much,” ACA Insight, March 10, 2014 (quoted)

“The New Bad Actor Rule: Guidance for Private Fund Managers,” SRZ White Paper, March 2014

“Recent SEC Guidance on ‘Knowledgeable Employees’ and Broker-Dealer Registration,” SRZ Alert, Feb. 25, 2014 (co-author)

“SEC Clarifies ‘Bad Actor’ Beneficial Owners,” Compliance Intelligence, Jan. 28, 2014 (quoted)

“SEC Releases a Second Installment of ‘Bad Actor’ Rule Guidance,” SRZ Alert, Jan. 22, 2014 (co-author)

“Be Careful Your Next Trade Doesn’t Come Out in the Wash,” ACA Insight, Jan. 20, 2014 (quoted)

“2014 Predictions: Sample What Your World’s Likely to Be Like This Year,” IA Week, Jan. 6, 2014 (quoted)

“CFTC Defers Effectiveness of Oral Recording Requirements for Registered Commodity Trading Advisors Holding SEF Memberships,” SRZ Alert, Dec. 23, 2013 (co-author)

“SEC Releases ‘Bad Actor’ Rule Guidance,” SRZ Alert, Dec. 11, 2013 (co-author)

“Unlikely Legacy of Madoff’s Ponzi Scheme: A Bonanza for Newfangled Funds,” The Wall Street Journal, Dec. 10, 2013 (quoted)

“Trading and Compliance Issues Under Rule 105,” SRZ White Paper, December 2013; republished in COOConnect, December 2013

“Reminder for Fund Managers on the November 20 Identity Theft Red Flags Rules Deadline,” SRZ Alert, Nov. 6, 2013 (co-author)

“SEC Confirmation on ‘Soft Dollars’ Safe Harbour,” The Hedge Fund Journal, Nov. 4, 2013 (co-author)

“SEC Confirmation that Fixed-Income Commissions Can Satisfy the Section 28(e) ‘Soft Dollars’ Safe Harbor,” SRZ Alert, Oct. 29, 2013 (co-author)

“Caught in the Wash,” HFMWeek, Oct. 17, 2013 (quoted)

“Reminder for Private Fund Managers: New Form D Is In Effect,” SRZ Alert, Oct. 3, 2013 (co-author)

“How CCOs Can Prepare a Custody Rule Review,” Compliance Reporter, Sept. 23, 2013 (co-author)

“New Commodity Futures Trading Commission Rule Requires Registered CPOs to File Additional Exemption,” SRZ Alert, Aug. 15, 2013 (co-author)

“SEC Custody Rule Update for Private Fund Managers,” SRZ Alert, Aug. 15, 2013 (co-author)

“The SEC’s JOBS Act Rulemaking: What It Means for Private Fund Managers,” SRZ Alert, July 24, 2013 (co-author)

“CFTC Update: Certain Equity Total Return Swaps to Count Toward De Minimis Exemption Starting July 1,” SRZ Alert, June 18, 2013 (co-author)

“Reminder: Swaps Compliance Dates for Commodity Pool Operators and Investment Fund Managers,” SRZ Alert, May 31, 2013 (co-author)

“CFTC Grants Temporary Relief for FX and Swaps Prime Brokerage Arrangements: Context for Private Fund Managers and Other Investment Advisers,” SRZ Alert, May 6, 2013 (co-author)

“FSA Conflicts of Interest Safeguards: Action To Be Taken by All UK-Authorised Hedge Fund Managers,” The Hedge Fund Journal, November/December 2012 (co-author)

“FSA Conflicts of Interest Safeguards: Immediate Action To Be Taken by All UK-Authorised Hedge Fund Managers,” SRZ Alert, Nov. 27, 2012 (co-author)

“CCO: Euro Rules To Hit Funds Hard,” Compliance Reporter, Nov. 24, 2010 (quoted)

Speaking Engagements

“New SEC Proxy Voting Guidance — What Private Fund Managers Need to Do,” SRZ Webinar, November 2019

“New CFTC Examination Initiative: Q&A with the Regulators,” SRZ and AIMA Breakfast Briefing, October 2019

Morgan Stanley COO Conference, October 2019

“Current Issues Impacting Private Investment Funds,” SRZ Breakfast Briefing, October 2019

SRZ Current Examination Issues for Credit Funds Roundtable, September 2019

“Upcoming TIC Filings,” SRZ Webinar, August 2019

“Regulatory Outlook,” SRZ London Investment Management Hot Topics, June 2019

Consultant Engagements and Attorney-Client Privilege Update,” SRZ Webinar, May 2019

Goldman Sachs Asia Hedge Fund Leaders Conference, Hong Kong, May 2019

Managed Funds Association Legal & Compliance 2019, New York, April 2019

“NFA and CFTC Update: New Supervision Obligations and Increased Enforcement Activity,” SRZ Webinar, March 2019

“Regulatory Compliance 2019” and “Management Company Challenges in the Current Environment,” SRZ 28th Annual Private Investment Funds Seminar, New York, January 2019

“US Regulatory Update,” Morgan Stanley (Hong Kong), November 2018

“Regulatory Considerations for Quantitative & Algorithmic Managers,” Morgan Stanley (Hong Kong), November 2018

SRZ How Will Brexit Impact U.S. Managers?, November 2018

“The New Era of Corporate Citizenship & Governance: Revamping Internal Policies to Protect the Firm,” Corporate Counsel 12th Annual Hedge Fund General Counsel and Compliance Officer Summit, September 2018

“Regulatory Outlook,” SRZ London Investment Management Hot Topics, July 2018

“Quants v Silicon Valley: Is the Tide Turning in the Battle for Brainpower?,” HFM CTA Intelligence US Breakfast Briefing: Quants v Silicon Valley: Is the Tide Turning in the Battle for Brainpower?, June 2018

“Regulatory and Tax,” SRZ 6th Annual Private Equity Fund Conference, May 2018

Morgan Stanley Prime Brokerage Roundtable Breakfast: GDPR’s Impact on US Fund Managers, May 2018

“EU Regulatory Update for US Private Fund Managers,” SRZ Webinar, May 2018

SRZ Systematic and Quant Strategies: Regulatory Developments, January 2018

“Regulatory Compliance 2018” and “Cryptocurrency, Alternative Data and Blockchain,”  SRZ 27th Annual Private Investment Funds Seminar, New York, January 2018

“Quantitative, Systematic and Algorithmic Trading — Regulatory Pitfalls and Concerns,” PLI Hedge Fund and Private Equity Enforcement & Regulatory Developments 2017, November 2017

SRZ MiFID II: Payments for Research in a Cross-Border Context, November 2017

SRZ Programming in Python for Compliance Personnel Parts I & II, November 2017

“Legal and Operational Aspects of Potential Blockchain Applications in the Derivatives Markets,” Managed Funds Association OTC Derivatives Forum, November 2017

“Will Investors Push a MiFID II Agenda in the US?” HFMWeek Countdown to MiFID II for US Managers, October 2017

Managed Funds Association COO Forum, October 2017

The New Form ADV — Strategy and Preparation,” SRZ Webinar, September 2017

SRZ Investing in Digital Assets and Blockchain Technology Webinar, August 2017

Investment Management Regulatory & Compliance Update — Texts, Chats and Other Electronic Messaging,” SRZ Webinar, July 2017

SRZ Insider’s Guide to Government Investigations: Winning Strategies for Investment Funds, June 2017

Goldman Sachs Twentieth Annual Hedge Fund Conference, May 2017

SRZ Employment & Employee Benefits Luncheon for Investment Managers, May 2017

Moderator, “Investment Management Priorities,” MFA Legal & Compliance Conference, May 2017

“Hedge Fund FAQ — Form ADV,” SRZ London Investment Management Hot Topics, March 2017

Bank of America Merrill Lynch Prime Brokerage Conference, March 2017

“Trading Compliance” and “Regulatory Outlook,” SRZ 26th Annual Private Investment Funds Seminar, January 2017

“Business Continuity/Disaster Recovery,” Morgan Stanley Chief Operating & Chief Financial Office Forum, October 2016

SRZ Systematic and Quant Strategies: Current Trends and Challenges, September 2016

SRZ Breakfast Briefing — Current Issues Impacting Private Investment Funds, September 2016

SRZ Managing Attorney-Client Privilege: A Workshop for Private Fund GCs and CCOs, July 2016

“Market Structure Update,” MFA Compliance Conference, May 2016

“CME Group Market Regulation: EFRPs, Wash Trades and Related Enforcement Considerations,” SRZ Roundtable, April 2016

“Market Abuse and Insider Dealing,” UBS Breakfast Roundtable, March 2016

“Regulatory Outlook,” SRZ London Investment Management Hot Topics, March 2016

Morgan Stanley (Hong Kong) Update on U.S. Insider Trading Law and the 2016 Examination Priorities of the SEC and CFTC, February 2016

Morgan Stanley (Hong Kong) Compliance Roundtable, February 2016

“The New Regulatory Challenges” and “Trading Compliance: Managing Regulatory Risk,” SRZ 25th Annual Private Investment Funds Seminar, January 2016

“Regulation AT: Overview and Implications,” SRZ Webinar, December 2015

“Compliance & SEC Exam Prep,” Bank of America Merrill Lynch Annual Emerging Manager COO/CFO Conference, November 2015

“Systematic and Quant Strategies: Current Trends and Challenges,” SRZ London Breakfast Briefing, October 2015

“Preparing for an NFA Examination: Issues for U.K. Fund Managers Registered as CPOs or CTAs,” SRZ Webinar, August 2015

“Hedge Fund and Management Company Structures,” NFA National Examination Staff Training Program, July 2015

“Effective Trading Compliance,” MFA Compliance Conference, May 2015

“Legal and Accounting Update,” State Street Hedge Fund Client Advisory Council, May 2015

“Protecting the Business: Regulatory Risks and Outlook,” SRZ London Investment Management Hot Topics, March 2015

Chair, “Living with a Regulatory Creep,” KPMG Cayman Alternative Investment Summit, February 2015

“CFTC Position Limits: Their Application and Pitfalls,” The Regulatory Fundamentals Group Webinar, February 2015

“CPO and CTA Annual Reviews and Examinations: Current Trends,” PLI Webinar, February 2015

“Regulatory Outlook: Exams, Enforcement and AIFMD” and “Trading Compliance,” SRZ 24th Annual Private Investment Funds Seminar, January 2015

“CFTC-Related Compliance Challenges and Regulatory Developments,” PLI Hedge Fund Compliance & Regulatory Challenges, January 2015

“In-House Lawyering: Ethical Limits on Zealous Representation,” SRZ GC & CCO Group Luncheon, December 2014

“What, Me? Yes, You: The Surprising Reach of the Registration Requirements of the Commodity Exchange Act,” ABA Business Law Section Fall Meeting, November 2014

Bank of America Merrill Lynch GC/CCO Hot Topics Dinner, July 2014

“Private Equity Fund Compliance Update,” SRZ Webinar, July 2014

“Dealing with Cross Border Regulations from the U.S.,” Credit Suisse (Hong Kong) 6th Annual Asia Pacific Hedge Fund Leadership Conference, June 2014

Bank of America Merrill Lynch Active Management of Alternative Strategies for Family Offices Seminar, May 2014

SRZ Cybersecurity: Obligations and Expectations for Investment Fund Managers Breakfast, May 2014

Bank of America Merrill Lynch Prime Brokerage Regulatory Update Call, May 2014

“Hedge Fund Compliance and Professional Ethics,” MFA Compliance Conference, May 2014

“Management Company Structuring and Operations,” SRZ London Investment Management Hot Topics, March 2014

“Current U.S. Regulatory Issues,” IBA 15th Annual International Conference on Private Investment Funds, March 2014

“U.S. Regulation” and “Maintain a Public Persona,” Bank of America Merrill Lynch COO/CFO Hedge Fund Symposium, March 2014

“Portfolio Trading Issues,” PLI Hedge Fund Compliance & Regulatory Challenges, January 2014

“A New Paradigm: Customized Solutions for Investors” and “CFTC and Derivatives Update,” SRZ 23rd Annual Private Investment Funds Seminar, January 2014

SRZ Employment & Employee Benefits Luncheon for Investment Managers, December 2013

“Future of Financial Reform,” State Street Hedge Fund Client Advisory Council, November 2013

“Pursuing Institutional Allocations — Regulatory and Investor Considerations,” Morgan Stanley (Hong Kong) Prime Brokerage Forum, November 2013

“Annual Compliance Reviews of Registered Advisers in the New Era,” SRZ Investment Management Hot Topics, October 2013

“SRZ ‘Bad Actor’ Disclosure and Disqualification Provisions of Rule 506,” SRZ Webinar, September 2013

“Long-Only and Other Tailored Private Funds,” SRZ Investment Management Hot Topics, June 2013

“Identity Theft Rules: Crafting Appropriate Policies for Private Fund Managers,” SRZ Webinar Workshop, May 2013

“Marketing and Working with Investors in the Current Environment,” Ambrose Connects, May 2013

“Trading Compliance and Regulations,” ACA Compliance Group Spring 2013 Compliance Conference, April 2013

“Are You Prepared for Visitors? Let's Talk About SEC Audits!” Financial Executives Alliance, April 2013

“Allocation of Investment Opportunities Workshop,” SRZ Investment Management Hot Topics, April 2013

“U.S. Regulatory Update” and “40 Act Developments,” Bank of America Merrill Lynch COO and CFO Hedge Fund Symposium, March 2013

“CFTC Regulatory Update” and “Regulatory Examinations and Enforcement,” SRZ 22nd Annual Private Investment Funds Seminar, January 2013

“Advising In-House Counsel on Professional Responsibility Obligations,” NYCBA Private Investment Funds Committee, December 2011

“Recent Regulatory Developments Affecting Hedge Funds,” PLI Hedge Fund Enforcement & Regulatory Developments, November 2011

“Recent Regulatory Developments Affecting Hedge Funds – Compliance Considerations,” PLI Hedge Fund Enforcement & Regulatory Developments, November 2010

“Regulatory and Legislative Update,” Morgan Stanley Fifteenth Annual Chief Operating and Chief Financial Officer Forum, October 2010

“New Oversight and Supervision of Advisers,” MFA New Regulatory Reforms: The Impact on your Business, August 2010

“Trading-Related Compliance Issues,” PLI Hedge Fund Registration & Compliance, April 2010

“Current Regulatory Issues,” PLI Hedge Fund Enforcement & Regulatory Developments, November 2009

“Lawyering and the Financial Crisis,” Yale Law School Center for the Study of Corporate Law, November 2009

“U.S. Regulatory Structure,” U.S. Securities and Exchange Commission International Technical Assistance Program, April 2008

“Activist Investing,” PLI Fourth Annual PLI Directors’ Institute on Corporate Governance, September 2006

Memberships

Professional

  • New York City Bar Association
    • Member, Private Investment Funds Committee
  • Managed Funds Association
    • Chair, Steering Committee for the CTA/CPO Forum
    • Former Co-Chair, CTA, CPO & Futures Committee
    • Former Co-Chair, General Counsel Forum
    • Former Steering Committee Member, Investment Advisory Committee
  • Alternative Investment Management Association
    • Member, CFTC Working Group
  • Community Resource Exchange
    • Member, Board of Directors

Other

  • Boy Scouts of America
    • Assistant Scoutmaster

Distinctions

  • Chambers Global
  • Chambers USA
  • The Legal 500 US
  • Visiting Lecturer, Yale Law School, 2012-2017; “In-House Lawyering: Ethics and Professional Responsibility”
  • Who’s Who Legal: The International Who’s Who of Private Funds Lawyers