ProfessionalsAaron J. Schlaphoff
Aaron Schlaphoff is a partner in the Corporate Department and a member of the firm’s Private Funds Group. He regularly represents many of the industry’s largest asset managers on a wide range of legal, regulatory and compliance matters. Aaron previously served as an attorney fellow in the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC).
Aaron has unique expertise in the broad spectrum of legal, regulatory and compliance regimes that apply to asset managers, including the Investment Advisers Act, Investment Company Act and the Commodity Exchange Act, as well as related securities and banking laws and regulations. He advises his clients on a wide range of matters, including:
- fund formation, operation and maintenance, including all types of private equity, credit and hedge fund products, as well as closed-ended registered investment companies and business development companies (BDCs)
- investment adviser registration, exemptions and ongoing compliance
- SEC examinations, investigations and enforcement matters
- M&A, IPO and restructuring matters involving asset managers
As a former regulator, Aaron offers invaluable insight into the SEC, including its policies, procedures, operations and processes. During his tenure, Aaron contributed to a wide range of matters relating to investment advisers and vehicles subject to SEC regulation, including private funds, registered funds, BDCs, mutual funds, and exchange traded funds and products (ETFs/ETPs). In addition to his work in the Rulemaking Oﬃce of the Division of Investment Management, Aaron also advised other SEC divisions and oﬃces on matters speciﬁcally relevant to the private funds industry, including the Division of Examinations (formerly OCIE) and the Division of Enforcement. He also represented the SEC in its interactions with the Financial Stability Oversight Council (FSOC) and the Financial Stability Board (FSB) relating to U.S. and international ﬁnancial stability and systemic risk.
Aaron is an active writer and speaker on issues pertaining to investment funds and regulatory compliance, including panels hosted by the Practising Law Institute and the New York City Bar Association, among others.