Jessica Reece is a partner in Ropes & Gray’s asset management group, where she advises on the complex regulatory and transactional issues facing participants in the investment management industry. She represents registered investment companies, their independent trustees, and investment advisers on a broad range of regulatory, transactional, and compliance matters.
As a member of the firm’s broker-dealer team, Jessica advises broker-dealers operating in the registered funds arena on key regulatory and securities law matters, including SEC registration and FINRA membership, Exchange Act and FINRA Rule compliance, regulatory inspections, and FINRA and SEC examinations and enforcement matters.
Jessica also serves as co-leader of the firm’s collective investment trust (CIT) practice, advising on the design, structuring, and ongoing operations of CITs, particularly those focused on alternative investments.
Experience
Jessica counsels funds (including open- and closed-end funds, ETFs, CITs and interval funds), their boards, investment advisers, and fund service providers on a range of issues, including:
- Development, registration, and operation of complex fund products and strategies across a range of asset classes
- Governance structures and practices
- Independent director matters
- Fund service provider contracts and filings with the U.S. Securities and Exchange Commission
- Transactions with affiliates
- Affiliated and unaffiliated fund reorganizations, mergers and conversions
- “Manager-of-managers” arrangements
- Creation and implementation of compliance programs for investment advisers, broker-dealers, and investment companies