Hess Legal provides tailored legal services to broker-dealers, investment advisers, and private fund managers, offering deep expertise in regulatory compliance, market operations, and transactional support.
Key Services:
- Formation and Regulatory Compliance:
- Guiding broker-dealers, investment advisers, and funding portals through formation, registration, and compliance, including NMA, CMA, Form ADV, Form BD, U-4, and U-5 filings.
- Advising on essential regulatory requirements, including Regulation Best Interest (Reg BI), Customer Relationship Summary (Form CRS), net capital rules, and anti-money laundering (AML) compliance.
- Private Fund Formation and Documentation:
- Assisting with private fund formation, including drafting Private Placement Memorandums (PPMs), Limited Partnership Agreements (LPAs), and Investor Subscription Documents.
- Advising on exempt reporting adviser registration, fund structuring, and ongoing compliance.
- Trading and Market Conduct:
- Advising on trading rules and compliance for broker-dealers, including Regulation SHO, Regulation M, and Rule 144A, and developing policies to meet supervisory and order handling requirements.
- Structuring prime brokerage, margin, clearance, and settlement arrangements.
- Financial and Operational Compliance:
- Providing guidance on net capital requirements, books and records, and insider trading.
- Developing robust policies and procedures, including supervisory controls, information barriers, and business continuity planning.
- Funding Portal Registration and Compliance:
- Assisting with funding portal registration under Regulation CF and advising on ongoing compliance requirements, including Funding Portal filings and investor disclosure obligations.
- Regulatory Advocacy and Dispute Resolution:
- Representing clients in regulatory inquiries, investigations, and disputes, and preparing exemption and no-action requests.