Willkie Farr & Gallagher LLP recently announced that James R. Burns, former Deputy Director of the SEC’s Division of Trading and Markets, will join the firm as a partner on November 1, 2014. Burns will practice in Willkie’s Asset Management Group and will be based in the Washington, D.C. office, where he will join, among others, Barry Barbash, former Director of the SEC’s Division of Investment Management and Co-Chair of the Group. See “RCA Enforcement, Compliance and Operations 2014 Symposium Offers Insight from Top SEC Officials on Custody, Conflicts, Broker Registration, Alternative Mutual Funds and the JOBS Act (Part One of Two)
,” Hedge Fund Law Report, Vol. 7, No. 22 (Jun. 6, 2014) (describing the operations and purposes of the SEC’s Division of Trading and Markets). Burns’ practice will focus on counseling investment managers and broker-dealers on all aspects of their business, including regulatory, compliance and enforcement matters. For insight from Willkie attorneys, see “SEC No-Action Letter Suggests That There May Be Circumstances in which Recipients of Transaction-Based Compensation Do Not Have to Register as Brokers
,” Hedge Fund Law Report, Vol. 7, No. 7 (Feb. 21, 2014); “Investment Research and Insider Trading on ‘Outside Information’
,” Hedge Fund Law Report, Vol. 4, No. 29 (Aug. 25, 2011).