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Dechert LLP

1900 K STREET, NW, WASHINGTON DC 20006, USA
Tel:
Work +1 202 261 3330
Fax:
Fax +1 202 261 3333
Email:
Web:
www.dechert.com

Brenden P. Carroll

Tel:
Work +1 202 261 3458
Email:
Dechert LLP

Work Department

Financial Services and investment Management

Career

Brenden Carroll represents U.S. registered investment companies and investment advisers in a wide variety of regulatory, transactional and compliance matters. These matters include complex fund merger transactions, the development and launch of new funds, the preparation of registration and proxy statements and seeking exemptive, interpretive and no-action relief (including novel relief) from the U.S. Securities and Exchange Commission (SEC). He also advises boards of directors/trustees of U.S. registered investment companies on fund governance and fiduciary oversight matters.

Mr. Carroll has significant experience with respect to the SEC’s new liquidity risk management rule. He has had major speaking roles on industry panels and has been quoted in the financial press (including Ignites and Compliance Week) with respect to this regulatory initiative.

Mr. Carroll also has extensive experience in matters relating to the SEC’s “pay-to-play” rule, which imposes special restrictions on the political activities of investment advisers that seek to do business with state and local pension plans. He has assisted clients with obtaining exemptive relief from the SEC from the rule’s two-year “time out” provision.

He has also worked on a wide variety of matters on behalf of money market funds operating in accordance with Rule 2a-7 under the Investment Company Act, and was actively involved in advising money market fund clients on the SEC’s money market fund reforms that were adopted in July 2014.

Education

  • Georgetown University Law Center, J.D., 2008
  • University of Colorado at Boulder, B.A., Economics, 2002


United States: Investment fund formation and management

Mutual/registered/ exchange-traded funds

Within: Mutual/registered/ exchange-traded funds

Dechert LLP's 'practical and pragmatic' team is in 'a class of its own when it comes to registered funds'. The group is 'able to handle a myriad of issues and can martial experts who know the law in various jurisdictions'. Based in the New York office, Allison Fumai ('a rock star' with 'deep knowledge of the ETF industry'), Richard Horowitz, Jeremy Senderowicz and Stuart Strauss provide ongoing advice to Morgan Stanley's mutual and closed-end funds. In Washington DC, Robert Helm is 'a true business consigliere', Douglas Dick is 'thoughtful and pragmatic', and Thomas Bogle is 'intelligent, astute and very responsive'; Brenden Carroll and Stephen Cohen are also key contacts. Boston-based John O’Hanlon advises a large mutual fund complex on regulatory issues and ETF launches. Stephanie Capistron, Christopher Harvey, Geoffrey Kenyon and Christopher Christian are also key names in the Boston office. Harvey and Helm jointly lead the practice. Other clients include MainStay Funds and Deutsche Bank ETFs.

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