O'Melveny Silicon Valley and San Francisco to Host "State and Federal Regulation of Private Funds"

April 20, 2010


O'Melveny's Silicon Valley and San Francisco offices will host two client seminars on April 20 and 21, respectively, discussing the impending pay-to-play, placement agent, and general investment adviser regulations issued by Congress, the SEC, and FINRA. The programs will be led by members of O'Melveny's regulatory team, resident in the Washington, DC office: partners Barbara Stettner and Christopher Salter, counsel Charles Borden, and associate David Sandler.

With Congress moving on adviser registration for private fund advisers, the rapid expansion of state pay-to-play regimes, and the SEC's imminent plans to impose what we expect to be a rather difficult pay-to-play regime on most investment advisers, including private advisers to private funds, we need to make sure that our clients are prepared for this new and fast-changing regulatory landscape.

This program is most relevant to private funds (e.g., PE, VC or hedge funds), any investment adviser/asset manager but particularly those to private funds or separate accounts, and any broker-dealer or investment bank engaged in placement agent activities, i.e., those persons selling fund interests (foreign or domestic) to public pension plans or other government entities for investment.