Skip To The Main Content

Funds Regulatory and Investigations

Today’s increased scrutiny of the funds industry requires a proactive approach in advising clients in connection with regulatory scrutiny and investor expectations. Drawing on the unparalleled depth and sophistication of Simpson Thacher’s market-leading funds practice, attorneys in our Funds Regulatory and Investigations Practice are at the forefront of industry and regulatory developments. We apply our broad market coverage and regulatory expertise on a daily basis in providing sponsor and adviser clients with practical and creative solutions to complex regulatory, compliance, and enforcement issues.

“Highly rated team that comprises a number of very prominent practitioners with impressive government experience. Demonstrates extensive strength in SEC investigations and enforcement proceedings.”
Chambers USA 2020

Our team includes attorneys with decades of experience in the funds industry, former senior government officials from the Securities and Exchange Commission and Department of Justice, former U.S. federal prosecutors, and a former PE Chief Compliance Officer, who draw upon their deep experience and institutional knowledge to provide sophisticated advice to clients on a broad spectrum of critical regulatory and compliance issues. We have extensive experience advising clients on the following:

  • SEC OCIE examinations, where we have a dedicated team available for on-site or off-site exam preparation, streamlined exam document productions, and thorough and nuanced deficiency letter response preparation;
  • if necessary, SEC enforcement inquiries and investigations;
  • best practices for complying with the Investment Advisers Act’s and Investment Company Act’s substantive requirements;
  • navigating the Investment Advisers Act’s contractual requirements, including identifying changes of control/assignments and counseling as to which consent procedures are most appropriate;
  • internal controls and disclosure obligations and best practices;
  • the design, implementation, monitoring and enhancement of our clients’ compliance programs, including their written compliance policies and procedures, routinely working productively with other client advisors;
  • co-investment and affiliate transaction matters, and on eligible portfolio company determinations;
  • identifying areas of risk for boards and management teams to adequately protect against undue exposure or contingencies;
  • board and executive compensation, indemnification and D&O arrangements, as well as other personnel matters;
  • maintaining investment adviser registration exemptions;
  • advising on compliance with the newly enacted Corporate Transparency Act;
  • counseling in-house counsel and deal teams alike on a wide range of reputational and risk management matters;
  • advising on anti-money laundering, economic sanctions, export controls, anti-corruption and other compliance risks, including designing and improving relevant compliance policies, procedures, and controls;
  • performing and advising on “Know-Your-Customer” investor diligence and other counterparty investigations and assessments;
  • negotiating a variety of regulatory and financial crime related contractual issues with investors, lenders, targets, and other parties.
“They are our go-to firm for all complicated matters. They provide seamless service across offices, specialties, practice groups and time zones.”
Chambers Global 2019 (quoting a client)

News & Events

    Publications

      Spotlight on
      New SEC Risk Alert Focuses on ESG-Related Disclosures and Policies
      Spotlight on
      Josh Levine and Daniel Levien Author NYLJ Article on the Corporate Transparency Act
      Spotlight on
      White Paper: Implications of New SEC Marketing Rule for Private Fund Sponsors
      Spotlight on
      Simpson Thacher Again Recognized Among Leading Global Investigations Practices
      Spotlight on
      Marc P. Berger, Former Acting Director of the SEC’s Enforcement Division, to Join Simpson Thacher