Vedder is an international business-focused law firm serving sophisticated clients of all sizes and industries from offices across the U.S. and in the UK and Asia.

A Business Focused Law Firm With a Global Reach | Vedder

Vedder’s nationally ranked Investment Services group provides a full range of services to a diverse set of investment management industry organizations, including the following:

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Independent directors of registered funds

Hedge and other private funds, including fund-of-funds, and their sponsors

Institutional investors, limited partners and general partners

Family offices, endowments and foundations

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We combine depth and perspective with the agility of a closely connected team. Our broad client base informs our understanding of the legal and business issues facing the investment management industry, while our size allows us to work closely and efficiently as a team. Vedder’s deep industry experience and practical insights help clients across the entire investment management industry achieve their strategic objectives.

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Our attorneys also represent clients in investment management litigation, government enforcement matters and special investigations.

Investment Services Regulatory Update June 2026

Broker/Dealer

Closed-End Funds

Derivatives and Structured Products

Fund Finance

Independent Directors

Investment Advisers

Mutual Funds & ETFs

Private Fund Formation

“State Developments,” Mutual Funds and Investment Management Conference

Adam S. Goldman presented during Strafford Webinar

Deborah Bielicke Eades to Present at Investment Adviser Core Compliance Program Symposium

Joseph M. Mannon presented at Investment Adviser Certified Compliance Professional Program Symposium

Amy Ward Pershkow Presents at Catholic Laws Security Law Program

Deborah Bielicke Eades moderates CFA Society POWER Breakfast Series

Joseph M. Mannon presents at 2023 IAA Compliance Workshops

Joseph M. Mannon to Moderate Panel at 2024 Investment Adviser Compliance Conference

Deborah Bielicke Eades Moderates CFA Society Chicago Webinar

Adam S. Goldman Presents at U.S. Bank 2024 Client Conference

Deborah Eades Serves as Panelist at Investment Adviser Certified Compliance Professional Program Symposium

Nathaniel Segal to Participate in COMPLY Webinar

Amy Ward Pershkow to Present at 2024 Developments in the Regulation of Financial Products Conference

Amy Ward Pershkow to Present at 2024 Securities Law Developments Conference

Jeff VonDruska Facilitates Session at 2024 NSCP National Conference

Nathaniel Segal to Present During Webinar Co-Sponsored by COMPLY and Investment Adviser Association

Joseph M. Mannon to Present at IAA 2025 Investment Adviser Compliance Conference

Joseph M. Mannon Presenting during Strafford Webinar

Deborah Bielicke Eades Quoted in Board IQ

Vedder Price Expands Investment Services Group with Addition of Shareholder Todd Lurie

Vedder Price Expands Investment Services Group with Addition of Christine De Pree

Vedder Price Recognized in Chambers Global in 2024

Vedder Price Represents Special Committee of Independent Directors of BlackRock Capital Investment Corporation in Merger with BlackRock TCP Capital Corp.

Amy Ward Pershkow Speaks at ICI Mutual Insurance Company Risk Management Conference

Joseph M. Mannon Featured in Crain’s Chicago Business Article

Vedder Price Recognized in Chambers Global 2025

Shareholder Joseph M. Mannon Quoted in CNBC Article

Joseph Mannon Featured in CityWire Article

Amy Ward Pershkow to Present at 2025 ICI Leadership Summit

Amy Ward Pershkow to Present at 2025 ICI Mutual Insurance Company Risk Management Conference

Deborah Bielicke Eades to Present at CFA Society Chicago Education Advisory Group Webinar

Joseph M. Mannon Quoted in Citywire Article on Private Assets in 401(k)s

SEC Staff Issues Risk Alert on New Investment Adviser Marketing Rule

Investment Services Regulatory Update October 2023

Managers of Plan Asset Funds: Important December 1, 2023 Deadline for DOL’s Proxy Voting Rule

SEC Settles Enforcement Proceedings Against Nine Advisers for Alleged Marketing Rule Violations

SEC Staff Issues Risk Alert Regarding the Selection and Scope of Adviser Examinations

Investment Services Regulatory Update November 2023

SEC Adopts New Short Sale Reporting Requirements for Institutional Investment Managers

SEC Adopts Securities Lending Disclosure Requirement

SEC Adopts Significant Amendments to Beneficial Ownership Reporting Requirements

SEC Staff Issues 2024 Examination Priorities

SEC’s Enforcement Director Comments on CCO Liability, Self-Reporting and Cooperation

Investment Services Regulatory Update February 2023

PCAOB Issues New HFCA Act Determination Report for Chinese and Hong Kong Auditors

Regulatory Agenda Highlights Potential and Pending SEC Rulemaking Topics

SEC Staff Bulletin Cautions Funds and Boards About the Risk of Cross-Subsidization from “Differential Advisory Fee Waivers”

Taking Broad View of Omission Liability, SEC Settles Enforcement Action Against Pricing Service Provider

SEC Staff Issues 2023 Examination Priorities

FINRA Seeks Comment on Liquidity Risk Management Rule for Certain Member Firms

Investment Services Regulatory Update July 2023

SEC Allows Expiration of MiFID II No-Action Relief

SEC Settles Enforcement Proceeding Against a Mutual Fund Adviser for Miscalculating Fee Waiver

SEC Settles Enforcement Proceeding Against a Private Equity Fund Adviser for Overcharging Fees and Failing to Disclose Conflict

SEC Staff’s Latest Risk Alert Highlights Additional Focus Areas for Compliance with the Adviser Marketing Rule

Investment Services Regulatory Update August 2023

SEC Adopts Significant Money Market Fund Reforms and Amended Form PF Reporting Requirements for Private Liquidity Fund Advisers

SEC Proposes Amendments to the Internet Adviser Exemption

SEC Proposes New Requirements to Address Conflicts of Interest in the Use of Artificial Intelligence and Similar Technologies

SEC Staff Issues Risk Alert Regarding Observations from Anti Money Laundering Compliance Examinations of Broker Dealers

SEC Adopts Amendments to Fund Names Rule, Broadening the Scope of Funds that Must Comply

SEC Adopts New Private Fund Adviser Rules

Second Circuit Affirms Lower Court Decision Regarding Closed-End Fund Control Share Bylaw Provision

2024 Annual Compliance Obligation Reminders

FinCEN Proposes Rule to Address Anti Money Laundering Risks to Registered Investment Advisers and Exempt Reporting Advisers

Investment Services Regulatory Update February 2024

Pennsylvania District Court Allows Claims Regarding Target Date Funds’ Unexpected Tax Liabilities to Proceed

SEC Approves Exchange Listings for Spot Bitcoin ETPs

SEC Staff Issues Statement Regarding ETFs’ Disclosure of Foreign Currency Holdings

Investment Services Regulatory Update March 2024

PCAOB Reopens Comment Period for NOCLAR Proposal

SEC Adopts New Rules Expanding Definition of Dealers Required to Register with the SEC

SEC and CFTC Adopt Amendments to Form PF for Private Fund Reporting

SEC Announces Departure of William Birdthistle, Director of the Division of Investment Management, and Names Natasha Vij Greiner as New Director

SEC Settles Charges Against Adviser/Broker-Dealer for Alleged Whistleblower Protection Rule Violations

SEC Settles Charges Against Adviser for Alleged Section 15(c) Violations from Failure to Disclose Index License Fee Structure to ETF’s Board

SEC Staff Issues FAQs on Tailored Shareholder Reports

SEC Staff Issues Update to Marketing Rule FAQs

D.C. District Court Overturns SEC Proxy Advisor Rule, Holding Proxy Voting Advice Is Not Solicitation

<i>Macquarie Infrastructure Corp v. Moab Partners L.P.</i>: United States Supreme Court Holds that Liability under Rule 10b-5(b) Is Limited in the Absence of an Affirmative Statement

SEC Adopts Amendments to Narrow the Internet Adviser Exemption

SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures

SEC Settles Charges Against Advisers for Alleged False and Misleading Statements About Their Use of Artificial Intelligence

SEC Staff Risk Alert Focuses on Preparations for T+1 Settlement

Investment Services Regulatory Update April 2024

Investment Services Regulatory Update May 2024

SEC Settles Enforcement Proceedings Against Adviser for Improperly Splitting Legal Fees with Mutual Fund Client

SEC Settles Enforcement Proceedings Against Adviser Regarding Alleged “Pay-to-Play” Political Contribution

SEC Settles Enforcement Proceedings Against Five Advisers for Alleged Marketing Rule Violations

SEC Staff’s Latest Marketing Rule Risk Alert Highlights Initial Observations from Examinations

U.S. Department of Labor Issues Final Fiduciary Rule

Fifth Circuit Vacates Private Fund Adviser Rules

Client Reminder – Revised QPAM Exemption Takes Effect June 17, 2024

FINRA Proposes Rules Regarding SEC-Mandated Reporting of Securities Lending Transactions

Investment Services Regulatory Update June 2024

SEC Adopts Regulation S-P Amendments to Enhance Protection of Customer Information

SEC and FinCEN Propose Customer Identification Program Requirements for Investment Advisers

SEC Settles Charges Against Dually-Registered Broker-Dealer and Adviser for Alleged Failure to Address Conflicts of Interest

Investment Services

Insights & Events

Investment Services Regulatory Update June 2026

SEC and Adviser/Broker-Dealer Agree to Settle Charges Alleging Failure to Disclose Conflicts of Interest with Respect to Revenue Sharing

FinCEN Proposes Rule to Reform AML/CFT Compliance Framework

SEC Expands Co-Investment Relief to Open-End Funds and Streamlines Board Approval Process for Affiliated Transactions

SEC Grants Exemptive Relief and No-Action Relief from Exchange Act Requirements to Facilitate the Operation of Dual-Class ETFs

SEC Raises Qualified Client Thresholds Effective June 29, 2026

SEC and CFTC Propose Significant Rollback of Form PF Reporting Requirements

Director of SEC’s Division of Enforcement Delivers Remarks Outlining Division Priorities

SEC Approves Intraday Trading and Settlement for Tokenized Money Market Fund

Primary Contacts

Related Areas

Insights & Events

Investment Services Regulatory Update June 2026

SEC and Adviser/Broker-Dealer Agree to Settle Charges Alleging Failure to Disclose Conflicts of Interest with Respect to Revenue Sharing

FinCEN Proposes Rule to Reform AML/CFT Compliance Framework

SEC Expands Co-Investment Relief to Open-End Funds and Streamlines Board Approval Process for Affiliated Transactions

SEC Grants Exemptive Relief and No-Action Relief from Exchange Act Requirements to Facilitate the Operation of Dual-Class ETFs

SEC Raises Qualified Client Thresholds Effective June 29, 2026

SEC and CFTC Propose Significant Rollback of Form PF Reporting Requirements

Director of SEC’s Division of Enforcement Delivers Remarks Outlining Division Priorities

SEC Approves Intraday Trading and Settlement for Tokenized Money Market Fund

Primary Contacts

Related Areas

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