Patrice M. Pitts

Patrice M. Pitts: Attorney with Eversheds Sutherland (US) LLP
  • Counsel at Eversheds Sutherland (US) LLP (436 Attorneys)
  • 700 Sixth Street NW, Suite 700, Washington, DC 20001-3980
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Biography

Combining her legal and business experience, including nine years on the Securities and Exchange Commission (SEC) staff, PC Pitts guides clients on regulatory matters involving investment companies, investment advisers and variable insurance products. She counsels clients regarding registration, reporting, disclosure and compliance issues under the federal securities laws as a member of Eversheds Sutherland (US)'s Financial Services Practice Group. She spent two of her years with the SEC as a member of the general counsel staff, providing advice to the Commissioners on proposed enforcement matters and rulemaking initiatives. PC also worked with the SEC’s Division of Investment Management.

While working in the Chief Counsel's Office of the Division of Investment Management, and later in the Office of Insurance Products, PC prepared no-action letters in response to questions arising under the Investment Company Act of 1940 and the Investment Advisers Act of 1940. During her five years in the Office of Insurance Products, PC attained the position of branch chief. PC is a member of the District of Columbia Bar and of the American Bar Association.

Awards and Rankings

Recipient, Joseph Henry Award from Princeton University (2014)

Selected Experience

Advised stable value fund entities on appropriate terms for products following financial downturn.
Counseled life insurance companies on the redesign of registered separate account products.
Counseled clients on federal securities laws.

News

In the News

New Guidelines Governing IUL Illustrations Coming (June 11, 2015)
Employee Benefit News
Sutherland’s legal alert, “NAIC Close to Adopting Guideline for IUL Illustrations,” is featured in Employee Benefits News.

Press Releases

Sutherland Attorney Patrice Pitts Receives Princeton University’s Joseph Henry Award (June 25, 2014)
WASHINGTON-Sutherland Asbill & Brennan LLP is pleased to announce that Counsel Patrice Pitts has been recognized with the 2014 Joseph Henry Award from Princeton University. She accepted her award at ...

Publications

“My current work leverages the knowledge I have gained in the legal profession and my previous work with the SEC.”

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), ...

Legal Alert: Court Rules on the SEC’s Indexed Annuity Rule (July 22, 2009)

Articles

Using Electronic Media to Offer and Sell Securities (June 2000)
Reprinted with permission The Review of Securities and Commodities Regulation

Areas of Practice (7)

  • Financial Services
  • Corporate
  • Mutual Funds
  • Capital Markets & Investments
  • Investment Adviser
  • Insurance Products
  • Insurance Regulatory and Compliance

Education & Credentials

Contact Information:
202.383.0548  Phone
www.eversheds-sutherland.com
University Attended:
Princeton University, A.B., with honors; Yale University, M.B.A.
Law School Attended:
Yale Law School, J.D.
Year of First Admission:
1985
Admission:
1985, District of Columbia
Memberships:

Professional Activities
Member, District of Columbia Bar
Member, American Bar Association
Member, National Board, Princeton Prize in Race Relations

Birth Information:
Washington, D.C., April 19, 1957
ISLN:
904403891

Peer Reviews

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Documents (2)

Documents by this lawyer on Martindale.com

Washington, District of Columbia

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