Our Investment Management Practice provides structural, transactional and regulatory advice to participants in the investment management industry. Our clients include mutual funds, investment advisers, business development companies (BDCs), exchange-traded funds (ETFs), broker-dealers, domestic and offshore hedge funds, private equity funds, fund service providers and independent directors and trustees. We help clients enter the industry, develop new products and services, expand their business through strategic planning and acquisitions, keep abreast of regulatory and industry developments, and interact with regulators.
We counsel our clients on issues arising under the Investment Company Act of 1940, the Investment Advisers Act of 1940, the broker-dealer provisions of the Securities Exchange Act of 1934, the Securities Act of 1933, FINRA (Financial Industry Regulatory Authority) regulations and Commodity Futures Trading Commission rules.
We represent investment companies, hedge funds, private equity funds, investment advisory firms and broker-dealers located in cities across the nation and around the world. These clients range in size from start-up ventures to large financial institutions and funds.
For more detail, please refer to our Investment Management Brochure.
Please fill out this form if you'd like to subscribe to any of the electronic newsletters and alerts we publish on developments in many areas of the law, legislative and regulatory changes, and industry trends.
SEC Grants No-Action Relief to Permit Purchase of Debt Securities from Affiliated Mutual Fund* - COVID-19 Update
March 27, 2020
SEC Temporarily Exempts Open-End Funds from Some Short-Term Funding Requirements - COVID-19 Update
March 26, 2020
SEC Order Extends Reporting and Delivery Exemptions for Certain Public Companies - COVID-19 Update
March 26, 2020
FINRA Regulatory Guidance Provides Broker-Dealers Limited Relief Amid COVID-19 Outbreak - COVID-19 Update
March 23, 2020
SEC Issues Guidance for Registered Funds Facing Operational Challenges Due to COVID-19 - COVID-19 Update
March 20, 2020
SEC Provides Temporary Regulatory Relief for Investment Advisers - COVID-19 Update
March 18, 2020
SEC Issues Annual Meeting Guidance Amid COVID-19 Concerns - COVID-19 Update
March 17, 2020
SEC Extends Relief Overriding In-Person Board Meeting Requirements - COVID-19 Update
March 16, 2020
California Attorney General Publishes Modifications to CCPA Regulations - Privacy & Cybersecurity Update
March 16, 2020
SEC Seeks Comment on Amending “Names Rule” to Eliminate Misleading Fund Names - Investment Management Update
March 13, 2020
SEC Sues Convertible Debt Lender for Alleged Registration Violation - Investment Management Update
March 04, 2020
SEC Grants Relief Overriding In-Person Meeting Requirement - Investment Management Update
March 03, 2020
SEC Proposes to Refine “Accredited Investor” Definition to Increase Investment Access - Investment Management Update
February 14, 2020
SEC Pursues Unregistered Adviser to Private VC Funds - Investment Management Update
February 12, 2020
SEC on the Verge of Granting First Multi-Class Exemptive Application for a BDC - Investment Management Update
January 31, 2020
SEC Proposes Rules Governing Use of Derivatives - Investment Management Update
January 30, 2020
OCIE Announces 2020 Examination Priorities - Investment Management Update
January 27, 2020
SEC Proposes Revisions to the Advertising Rules for Investment Advisers - Investment Management Update
December 05, 2019
The ETF Evolution Continues: SEC Approves Four New “Proxy Basket” Active Semi-Transparent ETFs - ETF Reg Insights
December 02, 2019
ETF Complexes Should Prepare Now to Comply with New Rule 6c-11 to be in a Position to Unlock Its Key Regulatory Advantages by Year-End - ETF Reg Insights
October 03, 2019
Advisory Firm Fined $15 Million for Improper Fees on Inactive Accounts and Failure to Disclose Conflict of Interest - Investment Management Update
September 30, 2019
SEC Issues New Guidance Regarding Investment Advisers’ Proxy Voting Responsibilities and Proxy Advisory Firms - Investment Management Update
September 05, 2019
Where Is All That Business Development Company Leverage? - Investment Management Update
August 28, 2019
SEC Proposes Updates to Rules Governing CEFs - Investment Management Update
July 18, 2019
Converting a Mutual Fund to an ETF: Key Considerations - Investment Management Update
July 15, 2019
SEC Adopts Regulation Best Interest and Other Measures for Broker-Dealers and Investment Advisers - Investment Management Update
June 18, 2019
Overview of SEC’s Proposed Rule Changes for Business Development Companies - Investment Management Update
April 17, 2019
SEC Poised to Permit ActiveShares ETF: First Non-Transparent Actively Managed ETF - ETF Reg Insights
April 11, 2019
SEC Grants No-Action Relief for Initial Coin Offering - Investment Management Update
April 09, 2019
SEC Issues No-Action Letter Regarding Fund Board In-Person Voting Requirements - Investment Management Update
March 11, 2019
FINRA Guidance Permits Pre-Inception Index Performance Data in Fund Communications with Institutional Investors - Investment Management Update
February 25, 2019
Update on Multi-Class Exemptive Applications for BDCs - Investment Management Update
February 12, 2019
Preparing for the Next Generation of Actively Managed ETFs - ETF Reg Insights
January 29, 2019
SEC Proposes New Rule for Fund of Funds Arrangements - Investment Management Update
January 07, 2019
NFA Proposes Amendments to 2016 Cybersecurity Guidance - Investment Management Update
December 20, 2018
SEC Adopts Safe Harbor Rule for Investment Fund Research Reports - Investment Management Update
December 19, 2018
Ohio Elder Abuse Mandatory Reporting Requirements for Financial Services Professionals - Investment Management Update
December 05, 2018
OCIE Eyes ETF Custom Indexes, Small and Thinly Traded ETFs, and Liquidation Process - ETF Update
November 26, 2018
SEC Issues No-Action Letter Allowing Fund Boards to Rely on CCO Representations to Comply with Certain Exemptive Rules - Investment Management Update
October 22, 2018
SEC’s Proposed ETF Rule Removes Some Conditions Compared to Prior Exemptive Orders, But Adds Others - ETF Update
August 01, 2018
SEC Issues Risk Alert on Best Execution Practices - Investment Management Update
July 24, 2018
Further Staff Guidance on Inadvertent Custody - Investment Management Update
July 09, 2018
Proposed ETF Rule Comes with Widely Expected Conditions and Some Notable Twists - ETF Update
July 09, 2018
SEC Suspends Pending Administrative Proceedings in Wake of Lucia Decision - Investment Management Update
July 02, 2018
SEC Allows Temporary Mutual Fund Redemption Delays When Financial Exploitation of Seniors Is Suspected - Investment Management Update
June 28, 2018
SEC to Consider ETF Rule Proposal at June 28, 2018 Open Meeting - ETF Update
June 22, 2018
SEC Charges 13 Private Fund Advisers for Failures to File Form PF - Investment Management Update
June 14, 2018
SEC Proposals Promote Distribution of Research on Investment Funds - Investment Management Update
June 11, 2018
SEC Proposes Changes to Auditor Independence - Investment Management Update
June 05, 2018
SEC’s NMS Pilot Program of Vital Interest to ETFs - ETF Update
May 10, 2018
OCIE Issues Risk Alert Regarding Advisory Fee Violations - Investment Management Update
April 26, 2018
SEC Proposes Changes to Liquidity Risk Disclosures - Investment Management Update
March 26, 2018
Fifth Circuit Vacates DOL Fiduciary Rule - Employee Benefits & Investment Management Update
March 20, 2018
OCIE Announces 2018 Examination Priorities - Investment Management Update
March 02, 2018
Business Law Update – Fall 2017 - Thompson Hine Newsletter
November 07, 2017
Most Common Advertising Rule Compliance Issues Raised in OCIE Deficiency Letters - Investment Management Update
October 26, 2017
Advisers Must Offer Investors the Lowest-Fee Share Class Available - Investment Management Update
September 25, 2017
SEC Risk Alert Highlights Cybersecurity Compliance Risks of Broker-Dealers, Investment Advisers and Fund Companies - Investment Management Update
August 17, 2017
SEC Eases Form ADV Compliance Deadline for Interim Updates - Investment Management Update
August 16, 2017
Fund of Funds Investor Loses Appeal on Excessive Fee Case - Investment Management Update
August 02, 2017
Supreme Court Ruling Limits SEC Disgorgement Recoveries - Investment Management Update
June 30, 2017
Federal Court Upholds Attorney-Client Privilege in Discovery Dispute - Investment Management Update
May 25, 2017
SEC Issues Guidance on Robo-Advisers - Investment Management Update
March 21, 2017
DOL Proposes Fiduciary Rule Delay - Employee Benefits & Investment Management Update
March 01, 2017
In this episode, Mike Wible, a partner in our Investment Management practice, and Nathan Holmes, a partner in our Tax and Employee Benefits & Executive Compensation practices, discuss proposed amendments to the proxy rules that would more substantively regulate proxy advisory firms.
In this episode, Mike Wible, a partner in our Investment Management practice, and David Wilson, a partner in our Securities & Shareholder Litigation practice, discuss recent areas of focus for the SEC’s Enforcement Division.
This episode features Cassandra W. Borchers, a partner in the Investment Management practice group. She is joined by Todd Cipperman, founding principal of Cipperman Compliance Services. They will examine the 10 most significant trends that define the current investment management regulatory landscape.
This episode features JoAnn M. Strasser, a partner in the Investment Management practice group. She is joined by corporate attorney Jim Jensen, the founder of ClearWater Law & Governance Group and an independent trustee for two mutual fund complexes. They discuss issues to consider when selecting board members for investment companies.
In this episode Mike Wible, a partner in the Investment Management practice group, Craig Foster, an associate in the group, and Martin Dean, Vice President, Director of Fund Compliance for Ultimus Fund Solutions, examine one of the most critical pieces of an adviser’s or mutual fund’s compliance program – the annual review.
In this episode Cassandra W. Borchers, a partner in the Investment Management practice group, explains what is involved in an SEC examination and offers guidance on how to prepare for one.
This episode features Tanya L. Goins, counsel in the Investment Management practice group, discussing the process of converting a private hedge fund into a registered fund.
This episode features Philip B. Sineneng, an associate in the Investment Management practice group, discussing the fiduciary exception to the attorney-client privilege in the mutual fund context.
This episode features Edward C. Redder, a partner in the Employee Benefits & Executive Compensation practice, and Emily M. Little, an associate in the firm’s Investment Management practice group, discussing the impact of the Department of Labor’s Fiduciary Rule on the investment management industry. The Fiduciary Rule will become applicable on June 9, 2017.
This episode features Craig A. Foster and Joshua Hinderliter, associates in Thompson Hine’s Investment Management practice group, discussing an important issue that particularly affects investment advisers who serve retail clients as America’s senior population continues to increase: how to appropriately and effectively serve clients who have diminished financial capacity and may be vulnerable to financial abuse.
This episode features Bibb Strench, a partner in Thompson Hine’s Investment Management practice group, discussing the SEC’s regulation of ETFs.
In this episode Partner JoAnn M. Strasser discusses trends and opportunities in light of recent guidance and a no-action letter issued by the SEC, and offers some practical advice on distribution strategies for our fund clients.
This episode features Cassandra Borchers, a partner in Thompson Hine’s Investment Management practice group, discussing the annual update of Form ADV for registered investment advisers and exempt reporting advisers.
Our first episode features Michael V. Wible, a partner in Thompson Hine’s Investment Management practice group, discussing the regulatory outlook under the Trump administration.
