Edwin (Ted) Charles Laurenson focuses his practice on investment management matters, including private investment funds, investment companies registered under the Investment Company Act of 1940 and the registration and compliance obligations of investment managers and the funds they manage under the Investment Advisers Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934 and the Commodity Exchange Act (including related exemptions). In recent years, he has also focused on broker-dealer matters and the interpretation of the Volcker Rule's restrictions on the activities of banking entities.
Ted's experience covers the formation, Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) registration (or exemption), offering, regulation and operation of public and private funds (including hedge funds and private equity funds) and their managers. He also advises on so-called "inadvertent investment company" issues under the Investment Company Act, filing and disclosure requirements that apply to securities investors and traders, broker-dealer regulation, the law of business trusts, partnerships and limited liability companies, securities lending, corporate "takeover" matters relating to publicly offered closed-end investment companies, securities and commodity law issues affecting bank-established funds and pension funds, and many other related areas of corporate, securities, commodities and banking law. Separately, he has a substantial background as a generalist securities and mergers and acquisitions lawyer.
Ted's publications include book chapters and articles on the SEC's custody rule under the Investment Advisers Act, private fund regulation, family offices, the regulation of private offerings and compliance considerations for banks dealing with hedge funds. As an active member of the Business Section of the American Bar Association (ABA), Ted has participated in preparing many ABA comment letters on proposed SEC regulations under the Investment Advisers Act and the Investment Company Act, and has served as a panel member in many ABA-sponsored and other legal education presentations, most recently concerning registration obligations under the Commodity Exchange Act.