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General

Jake Wiesen advises investment funds, their independent directors and other clients in the investment management industry with respect to mutual fund, exchange-traded fund (ETF) and closed-end fund regulation, including legal and compliance, governance, operational and transactional matters.

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From product design and registration to strategic transactions, he helps his clients navigate a broad range of issues in a highly regulated and dynamic business environment.

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Jake Wiesen advises investment funds, their independent directors and other clients in the investment management industry with respect to mutual fund, exchange-traded fund (ETF) and closed-end fund regulation, including legal and compliance, governance, operational and transactional matters. From product design and registration to strategic transactions, he helps his clients navigate a broad range of issues in a highly regulated and dynamic business environment.

Jake serves as Co-Editor of the firm’s Investment Services Regulatory Update, a monthly publication discussing the latest regulatory developments.

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Advised fund and board clients on a variety of strategic transactions, including fund adoptions, ETF conversions, and affiliated and third-party fund mergers.

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Counseled multiple fund sponsors and boards in launching new products in the registered fund space, including unique actively-managed and index-based strategies as well as innovative product types such as interval funds and SMA completion funds.

Guided clients through significant regulatory changes impacting funds, including with respect to fund liquidity, ETF and money market fund regulation, derivatives and valuation practices.

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Chicago

28 Vedder Price Attorneys Recognized in Thomson Reuters 2024 Illinois Super Lawyers: 19 as Super Lawyers, 9 as Rising Stars

25 Vedder Price Attorneys Recognized in Thomson Reuters 2025 Illinois Super Lawyers

Vedder Price Promotes Seven to Shareholder

76 Vedder Price Attorneys Recognized in 2026 Best Lawyers® in America

Investment Services Regulatory Update November 2023

SEC Staff Issues 2024 Examination Priorities

Investment Services Regulatory Update August 2023

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

Investment Services Regulatory Update February 2024

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

Regulatory Agenda Highlights Potential and Pending SEC Rulemaking Topics

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

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

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

SEC Settles Charges Against Exchange for Alleged Failure to Inform SEC of Cyber Intrusion

Fifth Circuit Court of Appeals Vacates SEC’s 2022 Rescission of Certain 2020 Amendments to Proxy Rules

Investment Services Regulatory Update July 2024

NYSE Proposes to Exempt Registered Closed-End Funds from Annual Shareholder Meeting Requirement

SEC Adopts Significant Form and Rule Amendments for the Registration of RILAs and MVAs

SEC Approves Exchange Listings for Spot Ether ETPs

SEC Settles Enforcement Proceedings Against Adviser for Allegedly Misleading Performance Advertising

SEC Settles Enforcement Proceedings Against Business for Allegedly Insufficient Internal Controls Relating to Cybersecurity Incident

FinCEN Issues Proposed Rule Amendments to Enhance Anti-Money Laundering/Countering the Financing of Terrorism Requirements for Financial Institutions

FTC Rule Banning Non-Competes Held to Be Unlawful Agency Action and Set Aside

Investment Services Regulatory Update August 2024

SEC Settles Enforcement Proceedings Against Adviser for Alleged Marketing Rule Violation

SEC Settles Enforcement Proceedings Against Dually Registered Broker-Dealers and Investment Advisers for Alleged Violations of Regulation Best Interest

Treasury Department and IRS Issue Final Regulations Exempting Regulated Investment Companies and REITs from Filing Stock Repurchase Excise Tax Returns

Two Federal District Courts Stay DOL Fiduciary Rule

District Court Issues Injunction Against Missouri ESG Rules

FDIC Proposes Rule Amendments to Expand Its Role in Reviewing Depository Institution Holding Company Acquisitions

FinCEN Adopts Final Rule Extending Anti-Money Laundering Compliance Program Requirements to Certain Investment Advisers

SEC Amends Form N-PORT and N-CEN Reporting Requirements and Issues Guidance on Open-End Fund Liquidity Risk Management Programs

SEC Settles Enforcement Proceedings Against Adviser for Alleged Whistleblower Protection Rule Violations

SEC Settles Enforcement Proceedings Against Adviser for Allegedly Misleading Investors Regarding Its Investment Strategy

SEC Settles Enforcement Proceedings Against Adviser/Broker-Dealer for Alleged Fiduciary Duty Breaches Related to Receipt of Revenue Sharing Payments from Third-Party Broker-Dealer

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

Investment Services Regulatory Update November 2024

SEC Settles Enforcement Proceedings Against Adviser and Broker-Dealer for Alleged Regulation Best Interest Violations

Massachusetts Court Rules in Favor of Closed-End Funds Regarding Majority Rule Bylaw Amendment

SEC Settles Enforcement Proceedings Against Adviser for Allegedly Misleading Investors Regarding Certain ETFs’ ESG-Related Investment Strategies

SEC Settles Enforcement Proceedings Against Dually Registered Broker-Dealer and Investment Adviser for Alleged Violations of Regulation Best Interest

SEC Staff Issues 2025 Examination Priorities

District Court Vacates SEC’s New Rules Expanding the Definition of Dealers

Jury Finds Former Mutual Fund Portfolio Manager Liable for Making Untrue Statements Regarding Risk Management

SEC Staff Issues Guidance on Common Tailored Shareholder Reporting Issues

SEC Staff Issues Risk Alert Regarding Deficiencies Observed in Fund Compliance Programs, Disclosures and Filings, and Governance Practices

SEC Staff Updates Names Rule FAQs

Investment Services Regulatory Update November 2025

SEC Approves Generic Listing Standards for Commodity-Based ETPs

SEC Reverses Policy Regarding Mandatory Arbitration Clauses

SEC Set to Approve ETF Share Class Exemptive Relief

SEC Staff Issues No-Action Relief Allowing State Trust Companies to Custody Crypto Assets for Registered Advisers and Funds

Third Extension of Compliance Date for Amendments to Form PF

FINRA Publishes 2025 Regulatory Oversight Report

President Trump Issues “Regulatory Freeze” Memorandum

SEC Settles Enforcement Proceedings Against Investment Adviser Regarding Alleged Misleading Disclosure Concerning Capital Gains Distributions

SEC Settles Enforcement Proceedings Against Quantitative Hedge Fund Manager for Alleged Algorithmic Model Vulnerabilities

SEC Staff Provides Guidance on Issues Related to Website Posting Requirements

FDIC Withdraws Proposed Rules Related to Change in Bank Control Act and Other Matters

Investment Services Regulatory Update March 2025

President Trump Issues Executive Actions Regarding Federal Agencies

SEC Extends Compliance Dates for Names Rule Amendments

SEC Forms Cryptocurrency Task Force and Cyber and Emerging Technologies Unit

SEC Grants One-Year Exemption from New Short Sale Reporting Requirements

SEC Revokes Enforcement Division’s Formal Investigation Authority

Paul S. Atkins Sworn in as SEC Chairman

President Trump Issues Executive Action Directing the Repeal of Unlawful Regulations

SEC Division of Corporation Finance Staff Issues Guidance on Crypto Assets

SEC Ends Defense of Climate Disclosure Rules

SEC Extends Compliance Dates for Form N-PORT Amendments

SEC Obtains Final Judgment Against Investment Adviser Regarding Alleged Failure to Disclose Material Conflicts of Interest and Breach of Its Fiduciary Duty

SEC Set to Approve More Flexible Co-Investment Exemptive Relief for Closed-End Funds and BDCs

Jake W. Wiesen

Jake W. Wiesen

Credentials

Education

Bar Admissions

Recognition

Insights & Events

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

Investment Services Regulatory Update June 2026

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

SEC Approves Intraday Trading and Settlement for Tokenized Money Market Fund

SEC Staff Issues Additional Names Rule FAQs

Jake W. Wiesen

Credentials

Education

Bar Admissions

Recognition

Insights & Events

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

Investment Services Regulatory Update June 2026

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

SEC Approves Intraday Trading and Settlement for Tokenized Money Market Fund

SEC Staff Issues Additional Names Rule FAQs

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