Marybeth Sorady

Marybeth Sorady works in several areas within the financial services industry, with emphasis on the representation of asset managers and funds of all types. She represents investment advisers, registered investment companies and unregistered investment funds and broker-dealers, with emphasis on regulatory compliance in portfolio management and trading, market conduct and sales practice issues.

Ms. Sorady rejoined the firm following five and a half years as a managing director in the Regulatory Compliance Consulting Group of PricewaterhouseCoopers LLP. Her practice consists principally of the following:

Investment Managers. Registration of advisers at federal or state level and preparation or review of all documents, including investment advisory contracts and policies and procedures necessary for registered advisers to conduct business; preparation of compliance policies and procedures manuals; advice to clients on specific compliance issues, including proxy voting and anti-money laundering; compliance control reviews; representation of clients seeking relief through SEC no-action or exemptive process; pre-SEC examination inspections of registered investment advisers; representation of investment managers in regulatory examinations and enforcement proceedings.

Funds. Organization and documentation of, and ongoing advice related to, hedge funds with a broad range of investment strategies and registered investment companies; representation of sponsors or advisers in complying with federal and state securities laws throughout offering process; for unregistered funds, ongoing advice concerning 1940 Act avoidance, 1933 Act and 1934 Act compliance; for registered funds, advice to mutual fund sponsors and boards and representation as independent legal counsel to funds and their independent directors.

Broker-Dealers. Ongoing advice concerning trading issues and such issues as needed for registration or licensing, supervision generally, supervision of sales practices, supervision of independent contractors, preparation for regulatory examinations; preparation of compliance policies and procedures.

Lectures and Articles

Ms. Sorady has written and published the following articles or given the following presentations, among others:

• Marybeth Sorady, Daren R. Domina, Wendy E. Cohen, Fred M. Santo, Henry Bregstein, Meryl E. Wiener, Marilyn S. Okoshi and Jack P. Governale "Summary and Analysis of Dodd-Frank Rules for Investment Advisers: Registration Requirements, Exemptions, Family Offices, Performance Fee Eligibility," Journal of Investment Compliance, New York: Institutional Investor Publications, Vol. 12, No. 4, December 2011.
• Meryl E. Wiener, Daren R. Domina and Marybeth Sorady, "SEC Adopts Amendments That Overhaul Form ADV Part 2," Derivatives: Financial Products Report, New York: Thomson Reuters/WG&L, Vol. 12. No. 2, October 2010.
• Daren R. Domina and Marybeth Sorady, "Senate Financial Regulation Bill Requires SEC Registration for Hedge Fund Managers with $100 Million Under Management," Derivatives: Financial Products Report, New York: Thomson Reuters/WG&L, Vol. 11, No. 10, June 2010.
• Marybeth Sorady, "SEC Enforcement Actions Involving Hedge Fund Managers," Practising Law Institute, Hedge Funds 2007 Conference, New York, June 6, 2007.
• Marybeth Sorady, "Investment Advisers: Fiduciary Duties and Conflicts of Interest" and "Strategies for Handling a Difficult SEC Examination," Katten Muchin Rosenman LLP, 1st Annual Conference, Investment Management Regulation, September 27, 2006.
• Marybeth Sorady, “Building an Effective Compliance Program for Hedge Fund Managers,” Financial Research Associates 3rd Annual Conference, Hedge Fund Regulation and Compliance, May 3-4, 2004.
• Anthony S. Evangelista and Marybeth Sorady, “Valuation of Portfolio Securities: Best Practices and Procedures,” Journal of Investment Compliance, New York: Institutional Investor Publications, Vol. 2, No. 4, Summer 2002.
• Marybeth Sorady, “Designing an Effective Sales Practice Compliance System,” presented with Robert Butler at IIR Mutual Fund Sales & Operational Compliance Conference, Washington, DC, September 25-26, 2000.
• Anthony S. Evangelista and Marybeth Sorady, “SEC Proposes Customer Privacy Protection Regulations: Industry Gears Up for Compliance,” Journal of Investment Compliance, New York: Institutional Investor Publications, Vol. 1, No. 4, Summer 2000.
• Marybeth Sorady, “New Opportunities to Market Investment Funds in the USA,” Journal of Financial Regulation and Compliance, London: Henry Stewart Publications, Vol. 6, No. 1, March 1998.
• Marybeth Sorady, “New Developments for Non-US Investment Advisers Doing Business in the USA,” Journal of Financial Regulation and Compliance, London: Henry Stewart Publications, Vol. 5, No. 3, September 1997.

Education

Juris Doctor, Georgetown University Law Center (1977)

• Law Review: The Tax Lawyer
• Legal Postgraduate Work: Courses in corporate accounting, takeovers and acquisitions, and regulation of securities markets

Master of Arts, French Language and Literature, University of Maryland

Master of Arts, Education, Catholic University of America

Bachelor of Arts, Russian Language and Literature, with high honors, University of Maryland

• Phi Beta Kappa
• Phi Kappa Phi
• Dobro Slovo (Slavic Language Honorary)
• Alpha Lambda Delta (Women's Honorary)