Biography
Claudette Druehl is member of the Capital Markets and Financial Services Regulatory practices and has extensive experience representing both US and non-US financial institutions, broker-dealers, investment advisers, fintech, asset managers, exchanges, and investors in a wide range of regulatory matters and compliance matters. She advises clients on structuring and the necessity of SEC and FINRA registration and reliance on various exemptions and assists brokers and advisers in the state, federal, and self-regulatory organization registration process. She helps clients establish policies and procedures to facilitate compliance with supervision and regulatory requirements and advises clients on day-to-day legal and compliance matters. Claudette advises on both routine and for-cause regulatory examinations. She also represents clients in drafting, reviewing, and negotiating, placement agent agreements, chaperone agreements, intercompany service agreements, and fund marketing materials. In addition, she advises on federal securities law matters including exemptions and corresponding state law exemptions.
Claudette advises all types of US and non-US financial institutions and their investors and has long-term relationships with a number of these clients, including Nomura Securities Inc., Morgan Stanley, Deutsche Bank, Jefferies, Intesa Sanpaolo SpA, Pacific Alliance Group, Societe Generale, CVC Capital Partners, as well as other large, mid-size investment management and brokerage firms in connection with numerous legal and compliance matters. Claudette also works with fintechs, asset managers, private fund advisers, venture capital firms, brokers, placement agents, and trading platforms as they launch their businesses.
Experience
Advising Multicoin Capital on regulatory aspects related to investment in Forward Industries' US$1.65 billion private placement to initiate Solana treasury strategy.
Advising Nomura on regulatory aspects related to entry into an agreement with Macquarie to acquire its US and European public asset management business for US$1.8 billion (subject to purchase price adjustments). Both entities have US broker-dealers.
Advising European bank on hostile takeover of another European bank, both with multiple regulated US entities.
Advising an ATS on formation and registration, including advice connected to creation of new product and recordkeeping on blockchain.
Advising non-US exchange on ability to provide direct access for various products to US persons.
Providing advice on Exchange Act and other regulatory considerations to clients in connection with relationships with MarketAxess and other US counterparties.
Representation of PAG on US regulatory matters related to its private funds, including advice under the Investment Advisers Act and Securities Exchange Act.
Advising new manager on launch of funds relying on AI technology, addressing novel Investment Advisers Act issues related to structure of funds.
US subsidiary broker-dealer of global bank, including expanding business lines, developing policies and procedures, drafting service agreements, advising on AML, and advising on off-channel communications.
Advising large family office in connection with US regulatory matters, including advice in connection with the establishment of a registered investment advisor.
Advising Franklin Templeton Institutional and its subsidiary based in Hong Kong in connection with US regulatory matters, including establishment of an offshore adviser.
Reviewing and drafting investment adviser advertising and marketing materials to ensure compliance with the Investment Advisers Act, and relevant SEC staff guidance regarding the presentation of performance data for numerous clients.
Representing a US broker-dealer on the sale of its majority interest to a large international pension fund.
Representing a US broker-dealer in connection with advising on the offshore outsourcing of the back-office operations of one of the world's largest investment banks and securities broker-dealers.
Advising and registering a broker-dealer subsidiary of a major fund adviser for marketing private funds in the US.
Advising non-US entities with respect reliance on Rule 15a-6.
