Updates on Regulation, Trading, and Market Reforms for the Alternative Investment Community

AuthorMark Diamond

Mark Diamond has been practicing corporate and securities law for almost 40 years. After 10 years in private practice, where he specialized in corporate finance and merger and acquisition transactions, Mr. Diamond became in-house counsel and compliance officer for major Wall Street firms, including Lehman Brothers, Deutsche Bank, Wasserstein Perella and Robertson Stephens. While at Lehman Brothers and Deutsche Bank, Mr. Diamond spent five years in Hong Kong as legal counsel for Asian matters and helped structure equity derivatives products. After his Wall Street firm positions, Mr. Diamond became general counsel for a hedge fund management company, where he structured and helped launch a number of hedge funds and provided regulatory advice. In 2004, Mr. Diamond returned to private practice, specializing in the representation of investment fund managers and broker-dealers in both regulatory and transactional matters. Read more

Delaware Law Updates

On July 23, 2018, Delaware amended the Delaware limited liability company act (the “LLC Act”). The two key amendments were to (a) permit a divisive or divisional merger and (b) create provisions related to a registered series. Divide Away! (aka Divisive Mergers) The LLC Act now permits a divisive or divisional merger. Under new Section 18-217 of the LLC Act, a Delaware LLC will be permitted to...

Registered Investment Adviser Compliance Update

The SEC’s Division of Enforcement has indicated that one of its focuses for 2018 was on retail investors. This focus has translated into increasing number of cases involving investment advisers. According to the Enforcement Division’s recently published reports, cases involving investment advisers and investment companies were the second largest group of actions in the last year, just...

Updates on Regulation, Trading, and Market Reforms for the Alternative Investment Community