Lorna J. MacLeod

Lorna J. MacLeod: Attorney with Eversheds Sutherland (US) LLP
Attorney Awards

Biography

Lorna MacLeod advises clients on the design and sale of SEC registered and unregistered investment products and compliance with related SEC and FINRA rules. Lorna also has experience advising managers of private funds on registration and compliance with the Investment Advisers Act of 1940 and addressing status questions under the 1940 Act for a wide variety of business organizations.

Previously Lorna spent seven years as senior counsel in the corporate finance group of a large international law firm and she served as branch chief in the SEC Division of Investment Management, Office of Insurance Products. Her first professional role was as a legal advisor to an audit team at the General Accounting Office - Office of General Counsel, reporting directly to Congress on matters involving federal securities laws, the Commodity Exchange Act and laws governing over-the-counter (OTC) derivative contracts. While there, she played a key role in the production of two groundbreaking reports on OTC derivative contracts.

Selected Experience

Advised client on design and regulatory filings for a novel longevity insurance product.
Advised client on design and regulatory filings for a new structured index insurance product.
Represented life insurance client in obtaining novel exemption relief from 1940 Act.

Publications

“‘Key Provisions of Financial Regulatory Reform Legislation for Life Insurance Companies’ was the first article in the marketplace to identify provisions of Dodd-Frank as it related to life insurance companies that issue variable insurance products.”

Legal Alerts

Legal Alert: SEC investment company filings during government shutdown (January 2, 2019)
The Securities and Exchange Commission (SEC) is subject to the current federal government shutdown due to lack of funding, and generally it will follow its “Operations Plan Under a Lapse in ...

Legal Alert: SEC proposes new variable contract disclosure regime (November 6, 2018)
The US Securities and Exchange Commission (SEC or Commission) recently proposed a new disclosure framework for SEC-registered variable annuity contracts and variable life insurance policies ...

Legal Alert: New York Proposes Best Interest Standard for Life and Annuity Sales Alongside NAIC Proposal for Annuities (January 4, 2018)
On December 27, 2017, the New York Department of Financial Services (NYS-DFS), the regulatory authority for the insurance industry in New York, published a proposal (New York Proposal) to add a “best ...

Legal Alert: NAIC Adopts Revisions to Actuarial Guideline 49 (December 16, 2016)
On December 13, the National Association of Insurance Commissioners (NAIC) Executive (EX) Committee and Plenary adopted revisions to Actuarial Guideline 49 (AG 49) with an effective date of March 1, ...

Legal Alert: NAIC Life Actuarial (A) Task Force Approves Revisions to Actuarial Guideline 49 for Exposure and Comment (October 27, 2016)
On October 20, the NAIC Life Actuarial (A) Task Force (LATF) of the Life Insurance and Annuities (A) Committee met and approved proposed revisions to Actuarial Guideline 49 (AG 49) for exposure and ...

Legal Alert: NAIC Life Insurance and Annuities (A) Committee Adopts Revisions to Actuarial Guideline 49 (August 1, 2016)
On July 27, 2016, the Life Insurance and Annuities (A) Committee adopted revisions to Actuarial Guideline 49 (AG 49) to address situations where indexed universal life (IUL) insurance policies make ...

Legal Alert: NAIC IUL Illustration (A) Subgroup Approves Proposed Revisions to Actuarial Guideline 49 for Exposure and Comment (March 2, 2016)
On February 24, the IUL Illustration (A) Subgroup of the Life Actuarial (A) Task Force approved proposed revisions to Actuarial Guideline 49 (A.G. 49) for exposure and comment. Among other things, ...

Legal Alert: NAIC IUL Illustration Subgroup Proposes Revisions to Actuarial Guideline 49 (November 9, 2015)
On November 3, the National Association of Insurance Commissioners (NAIC) IUL Illustration (A) Subgroup circulated for comment proposed revisions (Proposed Revisions) to recently adopted Actuarial ...

Legal Alert: NAIC Close to Adopting Guideline for IUL Illustrations (June 10, 2015)
On June 4, after long deliberation and extensive consultation with issuers of indexed universal life (IUL) insurance policies and other interested parties by the Life Actuarial (A) Task Force (LATF), ...

Articles

SEC Offers Relief for Insurers Registering Contracts (December 20, 2018)
Law360
For many life insurance companies, the most burdensome aspect of registering insurance contracts that are not investment company securities with the U.S. Securities and Exchange Commission is the ...

Key Provisions of Financial Regulatory Reform Legislation for Life Insurance Companies
Practising Law Institute, January 2010

SEC Publishes Final Anti-Fraud Rule
Ignites, August 27, 2007

Areas of Practice (7)

  • Corporate
  • Financial Services
  • Insurance Products
  • Investment Adviser
  • Mutual Funds
  • Insurance
  • Insurance M&A and Demutualizations

Education & Credentials

Contact Information:
202.383.0817  Phone
www.eversheds-sutherland.com
University Attended:
Stanford University, B.A.
Law School Attended:
University of California at Berkeley School of Law - Boalt Hall, J.D.; Georgetown University Law Center, LL.M., with distinction
Year of First Admission:
1983
Admission:
District of Columbia; 1983, California
Memberships:

Professional Activities
Women's Bar Association of the District of Columbia

ISLN:
911840061

Peer Reviews

  • 5.0/5.0 (1 review)
  • Peer Reviewed
  • Legal Knowledge

    5.0/5.0
  • Analytical Capability

    5.0/5.0
  • Judgment

    5.0/5.0
  • Communication

    5.0/5.0
  • Legal Experience

    5.0/5.0

*Peer Reviews provided before April 15, 2008 are not displayed.

Documents (2)

Documents by this lawyer on Martindale.com

Washington, District of Columbia

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