RELEVANT EXPERIENCE
Prior to joining Practus, Bobby was a partner at Dechert, LLP, where his practice focused on Financial Services and Investment Management, Banking and Financial Institutions, Regulatory Compliance, Broker-Dealers, Securities Trading and Markets and Anti-Money Laundering.
Bobby’s areas of expertise include:
- Broker-Dealer
- Anti-Money Laundering
- Investment Management
- Asset Management
- Bank Regulatory and Receivership
- 40 Act
- Advisers Act
- Regulatory Compliance
- Fund Formation and Registration
- Fund Financing
- Transfer Agents
REPRESENTATIVE MATTERS
- Launched numerous open-end mutual funds, ETFs (passively and actively managed), listed and unlisted closed-end funds, and private funds.
- Represented investment company borrowers to negotiate various types of credit facilities ranging from $10 million up to $4.5 billion, including liquidity facilities, leverage facilities, asset-based facilities, and margin loan facilities. Borrowers included single funds and large fund complexes in single borrower and joint lines of credit.
- Represented online broker-dealers in SEC registration and FINRA membership application.
- Represented amici curiae in submitting amicus briefs before the D.C. Circuit Court of Appeals and the U.S. Supreme Court in connection with the FHFA conservatorships of Fannie Mae and Freddie Mac.
Mergers & Acquisitions, including (but not limited to):
- Buyer representation/regulatory due diligence in the acquisition of four large retail broker-dealer platforms.
- Equity investor representation/broker-dealer regulatory due diligence in connection with a private equity investment in an institutional trading firm.
- Buyer representation of financial holding company asset purchase of a municipal securities dealer and advisory business.
- Seller representation in connection with the sale and change in control of a large broker-dealer.
- Private equity buyer representation/broker-dealer regulatory due diligence in connection with purchase of mid-sized retail brokerage.
- Seller representation/managed Continuing Membership Application process with FINRA and state notice filings in connection with sale of investment advisory and broker-dealer entities.
Other Transactions:
- Represented a bank holding company in establishing a joint venture with a Korean financial services group to engage in private credit lending activities.
- Seller representation in connection with the sale of certain assets from its transfer agent operations, and related outsourcing agreement.
- Represented closed-end fund issuer in its organization, registration, and $1.2 billion initial public offering.
