Matthew Bromberg is a member of the firm’s Investment Management Group and Financial, Regulatory and Compliance Practice. Matt advises global investment advisers, banks, broker-dealers, transfer agents, and institutional investors. He has worked with registered investment companies, private funds, bank-maintained collective pools, and commodity trusts. He has deep experience developed in leadership roles with fund sponsors and service providers, establishing and counseling exchange traded investment companies (ETFs), as well as with respect to, mutual fund to ETF conversions and ETF and investment adviser mergers and acquisitions. Matt also assists sponsors and investors with understanding the use and governance of certain investment strategies employing quantitative methodologies, algorithms, and generative AI.
Matt advises clients on the day-to-day aspects of corporate governance and fiduciary responsibility, frequently advising and serving as independent counsel to fund boards. In addition, Matt advises clients on compliance and regulatory matters under the Investment Company Act of 1940, the Investment Advisers Act of 1940, ERISA, and other federal securities laws, as well as related to federal and state registration, Securities and Exchange Commission (SEC), FINRA, and state investigations and enforcement actions, and interpretive and “no-action” letter requests, SEC exemptive orders, and related matters.
Matt has experience with complex operational matters relating to ETF authorized participant arrangements, domestic and global custody, fund administration and administrator sponsored series trusts, managed account platforms, securities lending, clearing and settlement, and related areas, such as decentralized finance. In the FinTech space Matt has been involved in considering the tokenization of securities, resulting in digitally represented ownership of an asset on a blockchain and advising other crypto-focused businesses and regulated financial technology companies, including mobile-first investing platforms and robo-advisers.
Prior to joining the firm, Matt served as the general counsel and chief compliance officer of an investment management firm, where he oversaw all commercial legal and regulatory compliance matters and supported the product development and exchange-listing activities of a thematic ETF product line. He also previously held roles with responsibility for the legal affairs, compliance, and risk management of a global asset servicing company, in connection with its investment fund services business, and he served as general counsel of a wealth management firm supporting its separately managed account, model delivery, wrap fee, and investment funds lines of business.
Concentrations
- Investment advisers, including state and federal registration, exemptions, and compliance programs
- Investment adviser operational and legal risk management and crisis management
- Investment adviser mergers, acquisitions, sales, and corporate governance
- Investment funds, including mutual funds, ETFs, and other companies registered under and private funds and companies exempt or excluded from the Investment Company Act of 1940
- Broker-dealers and trust companies
- Regulation of digital assets and decentralized finance
- SEC examinations and enforcement matters
- Corporate counseling and commercial transactions
- Pension funds and institutional investors
- Asset servicing including institutional trust, custody, transfer agency, fund administration, accounting, global securities lending, and collateral management
- Providing strategy and advice regarding the use of Artificial Intelligence (AI) in investment management
More Legal and Business Bylines From Matthew J. Bromberg
- U.S. Appeals Court Vacates SEC Private Fund Adviser Rule - (Posted On Thursday, June 06, 2024)
