Tom Steed focuses his practice primarily in the business and finance, investment management, and securities area. He has extensive experience in public and private investment fund transactions, including assisting clients with the formation of all types of funds, fund management and governance matters, and evaluating and negotiating investments in investment funds. In addition, he has experience in investment advisory matters, including assisting clients with the formation and registration of investment advisory firms and management and governance related matters. Mr. Steed works with clients on all types of funds and investment advisory matters. He provides counseling on domestic and foreign fund organization and structural issues, negotiating key terms with third party service providers, and providing legal advice on applicable state and federal securities laws. Mr. Steed has knowledge of, and experience dealing with, the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940 and the regulations of the Financial Industry Regulatory Authority. Mr. Steed represents registered mutual funds, hedge funds and other private investment pools. He also represents registered and nonregistered investment advisers. In addition, he represents institutional investors in connection with their investment in funds and other types of investment pools. Mr. Steed also has general business law experience and has worked with clients on a broad range of corporate, business and M&A matters. Prior to joining the firm, Mr. Steed served as general counsel to a mutual fund administrator, where he worked with a number of registered mutual funds, hedge funds, government funds and other types of investment pools, assisting with offering and compliance matters and day-to-day operational needs. He also previously served as Vice-President and Assistant General Counsel in the Legal Department of Hardee's Food Systems, Inc., where his responsibilities included handing all types of corporate, real estate, litigation and marketing matters. Professional & Community Activities Rocky Mount Academy, Member of Board of Trustees and Past Chairman First Presbyterian Church of Rocky Mount, Deacon and Sunday School Teacher Covenant Homes, Inc. (Non-project retirement home), Former Member of Board of Directors and Secretary Wake County Bar Association, Young Lawyers Division, Past President Certified Public Accountant, North Carolina Experience SEC registration of mutual fund for major North Carolina financial services company, Assisted a major North Carolina financial services company in organizing and registering with the SEC a new registered mutual fund. Representation of investment adviser and mutual fund family, Ongoing representation of multi-billion dollar investment manager with specialized focus on 401(k) products; and ongoing representation of related mutual fund family. Representing investment manager in structuring investment vehicles, Representing and advising a $1 billion investment manager in structuring privately-offered domestic and offshore investment vehicles. In-fill real estate projects representation for Grubb Ventures LLC, Represented Grubb Ventures LLC in various in-fill real estate projects in Raleigh, North Carolina, including acquisition, redevelopment and structuring of investment partnerships for financing Country Club Homes Apartments, Whitaker Mill Apartments, Palms Apartments and Methodist office building and redevelopment of Glenwood Place office park. Mutual fund and investment management disputes for large financial institution, Represented multi-billion dollar mutual fund family for a Fortune 500 financial institution in action alleging inappropriate investments in securities lending arrangement with mutual fund's custodian and lending agent. Litigation for investor to obtain assets from investment advisor under SEC investigation, Assisted an investor in obtaining a return of his assets and securities from an investment account at an investment advisor in receivership and under SEC investigation for alleged fraud. Registered INHAM adviser to major U.S. timber producer, Registered corporate "INHAM" adviser to a major U.S. forest products manufacturer. Ongoing representation of INHAM adviser and related multi-billion dollar pension fund in alternative and other investments. Improper trading activity by an investment advisor, Represented financial institution and investment adviser in alleged improper trading activity by a portfolio manager. Securities advice for a registered asset and investment advisory firm, The firm represented a registered asset and investment advisory firm in organizing and registering with the SEC. Also assisted the client with organizing a private investment pool. *Experience gained by attorney prior to joining Kilpatrick Townsend Publications 17 January 2012, New Department of Labor Regulations Offer More Investment Advisers the Opportunity to Provide Advice to Participants in 401(K) Plans and IRAs, Legal Alerts 20 September 2011, Deadline for Meeting the New Investment Adviser Regulatory Requirements Under the Dodd-Frank Act is Quickly Approaching, Legal Alerts 09 November 2010, SEC Adopts New Form ADV, Part 2, Legal Alerts 30 September 2010, SEC Proposes New Approach to Mutual Fund Asset-Based Distribution Fees, Legal Alerts 13 July 2010, The SEC Targets the Advertising of "Target Date Funds" with New Proposed Rules, Legal Alerts 19 January 2010, The SEC Amends Custody Rule for Registered Investment Advisers, Legal Alerts 11 September 2009, Investment Companies May Provide Summary Prospectuses to 401(k) and Other ERISA Plans Offering Their Funds, Legal Alerts 05 March 2009, SEC Adopts Revisions to Form D and Mandates Electronic Filing, Legal Alerts 25 November 2008, Mutual Fund Boards Should Consider Proposed Guidance Regarding Fund Brokerage Trading Practices, Legal Alerts 10 October 2007, Heightened SEC Oversight and New Rules to Benefit Investors, Legal Alerts 20 July 2007, SEC Publishes Compliance Alert, Legal Alerts Events 23 October 2008, Pension and 401(k) Investments: Avoiding the Pitfalls, Events |