- Advises several registered investment companies, their boards or advisers on organization, registration, disclosure, compliance and operational issues.
- Advised a closed-end bond fund in its common and preferred stock offerings.
- Counseled the distributor of a top-10 mutual fund complex on regulatory issues related to the distribution of fund shares and in negotiating selling, shareholder servicing, networking and revenue-sharing agreements.
- Counseled several funds organized as business development companies on ongoing operational matters.
- Counseled two large insurance companies on 1940 Act compliance matters involving their registered separate accounts.
- Counsel to a variety of public and private companies on investment company status issues under the securities laws.
- Counsel to a variety of broker-dealers on the retail distribution of securities, including structuring the various programs through which securities are offered, particularly with respect to the distribution of mutual fund shares.
- Organized several broker-dealers and represented numerous broker-dealers in connection with continuing membership applications.
- Counsel to a Fortune 500 financial services company on legal issues related to the distribution of non-proprietary investment products, including mutual funds, 529 plans, REITs and commodity pools.
- Advised the underwriter in the private offering of variable rate extendible notes by a closed-end fund.
- Advised the underwriter in the initial public offering of a high-income bond closed-end fund.
- Advised the underwriter in offerings by a business development company.
- Represented a top-20 bank in its acquisition of a boutique investment adviser and have represented numerous other investment advisers, banks or financial institutions in their acquisition of, or investment in, investment advisers.
- Represented the adviser to a mutual fund family in connection with the renegotiation of the fund family's Class B share financing program.
Partner,
- Phone: 202.239.3346
- Email: david.baum@alston.com
Registered investment companies receive exceptional counsel from David. He helps clients navigate SEC regulations, most frequently the Investment Company Act of 1940, related to investing and trading in securities.