Ropes & Gray Adds Broker-Dealer Counsel to Asset Management Practice in New York

Ropes & Gray LLP today announced that Brynn Rail has joined the firm’s asset management practice in New York as counsel, focusing primarily on broker-dealer regulatory issues.  

Ms. Rail has significant experience representing U.S. and international broker-dealers on regulatory and securities law issues, including registration, FINRA compliance, trading, margin, net capital, and clearance and settlement. She counsels investment advisers on structuring and distributing their private investment fund products and compliance with Investment Advisers Act requirements. Ms. Rail negotiates prime brokerage and custody agreements on behalf of investment advisers and their clients, and she also advises clients in connection with M&A transactions involving broker-dealers and investment advisers.

“We are pleased to welcome Brynn to our team,” said partner Leigh Fraser, co-leader of the firm’s hedge funds practice group. “Her experience advising on the full range of broker-dealer issues is invaluable, as these matters are critically important to our asset management clients around the world on a daily basis.”

Before joining Ropes & Gray, Ms. Rail practiced in the investment management group at Skadden, Arps, Slate, Meagher & Flom. She received her J.D. from the University of Connecticut School of Law and her B.A. from Boston College.

Ms. Rail joins Ropes & Gray’s award-winning asset management practice, which provides unmatched service to a global client base, including fund sponsors, investors, investment advisers and the independent directors of many of the largest and best-known fund groups. Ropes & Gray was recently named firm of the year for mutual/registered funds by The Legal 500 US, as well as firm of the year in private funds/hedge funds law by U.S. News & World Report-Best Lawyers.