Asset Management Enforcement and Examinations

With its deep roster of former SEC senior officers and experienced practitioners, Debevoise’s Asset Management Enforcement Defense & Examination Counseling Group offers unrivaled market-leading expertise across a broad range of securities-related enforcement, examination, and compliance issues.

With its deep roster of former SEC senior officers and experienced practitioners, Debevoise’s Asset Management Enforcement Defense & Examination Counseling Group offers unrivaled market-leading expertise across a broad range of securities-related enforcement, examination, and compliance issues. With a combined more than 50 years of experience at the highest levels of the SEC, the Debevoise team has an unparalleled, comprehensive understanding of the SEC’s asset management-related enforcement and examination programs. Associates in the Group are specifically trained on asset management compliance and enforcement issues to ensure that all lawyers touching a matter have a deep industry understanding. In addition, we regularly partner with our colleagues in Debevoise’s market-leading Private Investment Funds and Investment Management Group, thereby ensuring that the Group is on top of all aspects of the marketplace and anticipates changes in market practices, offering clients a significant advantage when they face regulatory scrutiny.

The Group counsels clients on requirements affecting SEC-registered investment advisers to hedge funds, private equity funds, separately managed accounts, mutual funds, BDCs, and other investment companies. Among many other issues, the Asset Management Enforcement Defense & Examination Counseling Group has advised clients – in both pre-regulatory/internal investigations and exam and high-stakes enforcement contexts – on valuation, fees, expense allocation practices, performance, cross trades, best execution, soft dollars, conflicts of interest, governance, 15(c) process, insider trading, FCPA, cherry-picking, market manipulation, advertising, offering and financial frauds, and Dodd-Frank and SOX whistleblower issues. The Group also regularly guides clients through compliance training and reviews.

Debevoise counts among its partners Robert B. Kaplan and Julie M. Riewe, former Co-Chiefs of the SEC Division of Enforcement’s Asset Management Unit, who supervised nearly 80 attorneys, former industry professionals, and other staff in all 12 of the SEC’s offices; Paul R. Berger, former Associate Director of the SEC’s Division of Enforcement; Kenneth J. Berman, former Associate Director of the SEC’s Division of Investment Management; and Jonathan R. Tuttle, who was named in 2013 to Securities Docket’s inaugural “Enforcement 40,” a list of the 40 leading securities enforcement defense attorneys.