Nathaniel Segal is counsel at Vedder Price and a member of the Investment Services group. He focuses his practice on investment companies and investment advisers in connection with the organization and operation of investment products and services, including traditional mutual funds, closed-end investment companies (including interval funds and listed closed-end funds), variable insurance products and registered hedge funds, as well as mutual funds utilizing complex hedging and absolute return strategies. Mr. Segal has experience in conducting transactional due diligence and drafting regulatory disclosures in connection with fund reorganizations and management acquisitions. He counsels clients on a wide variety of regulatory matters, including interpretive and no-action letter requests and SEC exemptive orders, as well as governance matters and internal compliance procedures in response to SEC examinations and inquiries.
Mr. Segal has substantial experience counseling investment companies (including mutual funds, exchange-traded funds and closed-end funds), investment advisers and boards of directors on a broad range of regulatory, compliance, corporate and transactional matters arising under U.S. federal securities laws, particularly the Investment Company Act of 1940, the Investment Advisers Act of 1940 and the Securities Act of 1933. He also advises the independent board members of investment companies on corporate governance matters and best practices, including with their review of investment advisory and distribution contracts. In addition, he routinely represents investment and retirement product sponsors—ranging from large, well-established insurance companies and financial institutions to boutique asset managers, ETF manager start-ups and other clients that are new to the industry—before the SEC and guides clients through the product launch process, including with respect to product structure, disclosure and operation in compliance with applicable federal securities law.
Mr. Segal has extensive experience conducting transactional due diligence and drafting regulatory disclosures in connection with affiliated and unaffiliated fund reorganizations, mergers and management acquisitions. He counsels clients on a wide variety of regulatory matters, including in connection with interpretive and no-action letters and SEC exemptive orders, as well as issues raised by SEC staff during examinations and in negotiating the resolution of comments regarding SEC filings (including registration and proxy statements).
Mr. Segal also advises operating companies, including real estate finance companies, on exemptions under the Investment Company Act.
More Legal and Business Bylines From Nathaniel Segal
- SEC Chairman Confirms June 30 Compliance Date for Regulation Best Interest and Form CRS - (Posted On Monday, July 06, 2020)
- SEC Staff Reverses Position on State Control Share Statutes for Closed-End Funds - (Posted On Monday, July 06, 2020)
- SEC Proposes New Fair Valuation Framework for Registered Funds - (Posted On Wednesday, May 27, 2020)
- COVID-19 ALERT: Special Considerations for Registered Closed-End Funds - (Posted On Thursday, April 16, 2020)
- COVID-19 Update – SEC Staff Issues Guidance for Conducting Annual Meetings - (Posted On Thursday, March 26, 2020)
- FINRA Announces 2020 Exam Priorities - (Posted On Monday, March 02, 2020)
- OCIE Announces 2020 Examination Priorities - (Posted On Sunday, March 01, 2020)
- SEC Issues Notice of Intention to Grant Exemption from Board’s In-Person Meeting Requirement to Approve Sub-Advisory Agreements - (Posted On Saturday, February 29, 2020)
- Agencies Propose Volcker Rule Amendments Relating to Covered Funds - (Posted On Thursday, February 27, 2020)
- SEC Proposes Expanding Access to Private Funds - (Posted On Friday, January 31, 2020)
Vedder Price's Investment Services group is recognized by the National Law Review as a Go-To Thought Leader for the group’s regular contributions on and analysis of SEC amendments and regulations, enforcement actions and proposed rulemaking. Topics addressed by Vedder’s Investment Services group related to the SEC include: enforcement proceeding settlements, the modernization of fund disclosure regime, amendments to proxy rules and the review process for exemptive applications. The following Vedder Price attorney authors were the most frequent contributors: John S. Marten, Nathaniel Segal and Jacob C. Tiedt.
The National Law Review recognizes Rachel Behar, Robert M. Crea, Joseph M. Mannon, John S. Marten, Nathaniel Segal, Jacob C. Tiedt, and Jeff VonDruska of Vedder Price as 2021 Go-To Thought leaders for their well-thought-out and timely updates on developments at the SEC. The SEC reporting team at Vedder Price covers a range of topics including fixed income trades, wrap fee program deficiencies, advisor fee calculations and breaks down the most critical issues, and provides readers actionable insights.