Jacobs, Arthur J.

Richard Jackson is a special counsel in the firm's Securities Department, and a member of the Investment Management Practice Group. He joined the firm in 2003. Mr. Jackson concentrates his practice in the area of investment management regulation. He advises investment companies and investment advisers on matters arising under the federal securities laws. 

Practice

Mr. Jackson’s practice focuses primarily on the regulation of investment companies and investment advisers under the federal securities laws. His practice includes such diverse areas as counseling clients with respect to the interpretation and application of provisions of the federal securities laws to investment management activities, registration of mutual funds and investment advisers, obtaining no-action and exemptive relief from the Securities and Exchange Commission, advising clients concerning the formulation of compliance policies and procedures and advising clients responding to regulator inspections and enforcement actions. 

Mr. Jackson is a former Special Counsel and Staff Attorney in the Office of Chief Counsel of the SEC Division of Investment Management (1990-1994), where, among other responsibilities, he authored responses to no-action requests and worked extensively on banking legislation and pension issues, including the Division’s recommendations contained in the “Protecting Investors” report. He also has served as in-house counsel for a large institutional investment management firm, where he advised business units concerning the requirements of the federal securities laws, negotiated investment management and other contracts on behalf of the firm, and worked with outside counsel and regulators to obtain regulatory relief.

Recent Highlights

• Assisted a hedge fund manager with $10 billion in assets under management in registering under the Investment Advisers Act of 1940 and in preparing and updating its compliance policies and procedures.
• Provided regulatory advice to an investment adviser to a registered investment company regarding changes in its ownership structure.
• Advised a large broker-dealer/investment adviser regarding contract, disclosure and other issues arising from the restructuring of several investment advisory programs.
• Represented an investment adviser seeking no-action relief from the SEC staff regarding a code of ethics issue arising under the Investment Advisers Act of 1940.
• Assisted a broker-dealer in responding to a regulator's concerns regarding the sale of variable insurance products.

Professional Activities

Member of American Bar Association.