Raines Feldman adds Renowned Trustee and Litigation Partners to its Growing Practice Groups
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LOS ANGELES, May 6, 2021 /PRNewswire/ Renowned insolvency law, fiduciary and fraud litigation attorneys Kathy Bazoian Phelps (Los Angeles) and David Castleman (New York) have joined Raines Feldman LLP to expand its growing fiduciary, litigation and restructuring practice groups.
Co-author of
The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes, Kathy brings a deep experience and understanding to her cases which often include representing SEC appointed receivers in high-profile fraud cases.
Former Sullivan & Cromwell LLP attorney and Assistant Attorney General in the New York Investor Protection Bureau, Dave s practice focuses on representing federal equity receivers in disputes involving financial matters and complex litigation in state and federal courts.
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On December 1, 2020, the New York State Department of Law finalized proposed amended regulations to the New York Investment Advisory Act, 13 N.Y.C.R.R. Section 11, requiring investment adviser representatives (“IAR”) who engage in business within or from New York to register with the New York Investor Protection Bureau and meet certain exam requirements. Previously, New York state-covered IARs were not required to register like IARs in most other states by filing a Form U4 through FINRA’s CRD/IARD system. That meant that New York IARs were legally able to conduct business without providing the typical publically available disclosures to investors through the FINRA-operated Investment Adviser Public Disclosure (“IAPD”) website.
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New rules will simplify the notice filing process for private placements by requiring filings be made on a Form D via the North American Securities Administrators Association multistate Electronic Filing Depository, consistent with how such filings have long been made in most other states.
On December 1, 2020, the New York Attorney General announced the adoption of regulatory amendments governing registration of securities sold to residents in the state. In a press release, the Attorney General described these changes as the latest in ongoing efforts to “streamline and enhance the oversight of the securities industry in New York.”