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Experience:
Michael Butowsky has an extensive capital markets and corporate and securities practices as a partner in Mayer Brown’s New York office. He provides organizational, regulatory and transactional advice to venture capital funds, hedge funds, funds of funds and registered investment companies, and counsels a wide range of investment advisers and broker-dealers (including those operating on the Internet) regarding similar matters. His securities-related work includes regulatory issues under the Securities Exchange Act of 1934 and proxy contests, and he also offers counsel on commercial lending matters.
Michael helps his clients comply with and secure competitive advantage under various other federal securities laws. He is particularly knowledgeable about the impact of the Investment Company Act of 1940 on all types of investment entities, including private investment funds, incubators, securitization vehicles, finance subsidiaries, employee benefit plans, offshore banks and insurance companies, real estate investment vehicles and transient investment companies.
Given his extensive investment compliance work, Michael frequently participates in training programs for attorneys and other staff personnel of US government agencies involved in regulating the financial services markets, including the US Securities and Exchange Commission and the US Department of the Treasury.
Notable Engagements:
Guiding investment advisers and broker-dealers on such operational matters as the structuring of client arrangements, hot issue and soft dollar transactions, wrap fee programs, suitability, investment adviser trading questions involving principal transactions and trade allocations), best execution, dual registrant issues, fee based brokerage programs, performance advertising, and directed brokerage arrangements.
Providing regulatory advice for broker-dealers and investment advisers on SEC inspections, Form ADV issues, and compliance procedures on proprietary and employee trading.
Offering organizational and governance advice to registered investment companies.
Counseling investment companies, their boards of directors and their service providers concerning regulatory issues such as open-ending proposals for closed-end funds and exemptive orders covering affiliated transactions.
Handling sales of registered investment advisers, including advisers to registered investment companies.
Assisting with portfolio transactions for venture capital funds, and funds of funds.
Serving as transactional counsel on securitizations (such as CBO and CMO transactions), public and private offerings of debt and equity.
Education:
Boston University School of Law, JD, 1984, Boston University, BA, 1981. | 