Philadelphia partner Audrey Talley examined securities and commodities law issues that could face family offices in the ACTEC (American College of Trust and Estate Counsel) Journal.  The article analyzes federal statutes that could require family office pooled investments to register and report to the U.S. Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).  This area of law is often not very well known to most trusts and estates lawyers, and Audrey helps to clarify which law applies and explains how a family office may operate under a statutory exemption, an order of exemption from the SEC or a “no-action letter” from the CFTC.

To read the full article, click on the above PDF.
Source: The American College of Trust and Estate Counsel Journal
Leave Drinker Biddle to Learn More