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Lori L. Schneider

Partner
+1.202.778.9305
Fax +1.202.778.9100

Ms. Schneider is a partner in the Investment Management group of K&L Gates and is based in the Washington, D.C. office. She has over twenty years of experience in representing investment advisers and investment companies on transactional, regulatory and compliance matters. She also advises the independent directors of investment companies on corporate governance and regulatory matters. She has substantial experience advising clients on issues relating to social media and cybersecurity. She also assists clients in developing and structuring registered products using alternative investment strategies and “manager-of-managers” structures.

Ms. Schneider serves as Chair of the Subcommittee on Investment Companies and Investment Advisers of the Committee on Federal Regulation of Securities of the American Bar Association’s Business Law Section. She previously served as Co-Chair of the ABA Task Force that authored the Fund Director’s Guidebook, Fourth Edition (2015) and was a significant contributor to the Guidebook’s content.

She is currently serving as Co-Chair of the 2018 ABA Task Force to update and modernize the role and responsibilities of fund directors, which will address how to assist directors in performing their responsibilities most effectively in today’s regulatory and market environment. She also has led efforts to organize, and is serving as a member of, the ABA Task Force on Blockchain and Cryptocurrency and their impact on the asset management industry, and is a member of the ABA Task Force on Investment Company Use of Derivatives and Leverage.

Ms. Schneider was named “Independent Counsel of the Year” in 2017 at the 24th Annual Mutual Fund Industry Awards sponsored by Fund Industry Intelligence and Fund Director Intelligence. The Mutual Fund Industry Awards recognize honorees for their excellence, achievements and contributions to the mutual fund industry. The Independent Counsel of the Year award recognizes a lawyer who has delivered outstanding representation of independent directors. She also has been recommended for mutual/registered funds by The Legal 500 U.S.

Her experience includes:

  • Advising independent directors in their review of advisory contracts and their fiduciary and regulatory responsibilities;
  • Developing governance programs for fund boards, including reviews of board committee structures, committee charters and industry practices;
  • Developing and reviewing compliance programs for investment advisers, investment companies and their various service providers;
  • Responding to regulatory issues raised by the SEC staff during inspections and examinations;
  • Structuring and conducting due diligence for mergers and acquisitions of investment companies and investment advisory firms;
  • Negotiating contracts with major service providers to investment companies;
  • Organizing and registering investment companies using various fund structures, such as master-feeder and multiple class;
  • Preparing and filing SEC exemptive applications and no-action letters;
  • Drafting and reviewing the social media policies of investment advisers and broker-dealers; and
  • Advising financial services firms on the federal securities regulations applicable to social media use.

Professional Background

Ms. Schneider's professional background includes:

  • Federated Investors, Law Department, 1994 - 1995

Professional/Civic Activities

  • Chair of the Subcommittee on Investment Companies and Investment Advisers of the Committee on Federal Regulation of Securities of the American Bar Association’s Business Law Section
  • Co-Chair, 2018 ABA Task Force on Fund Directors
  • Member, ABA Task Force on Blockchain and Cryptocurrency
  • Member, ABA Task Force on Investment Company Use of Derivatives and Leverage
  • Advisory Board, Mutual Fund Directors Forum
  • DC Bar (Corporation, Finance and Securities law section)
  • Women’s Bar Association

    Speaking Engagements

    • “Current Issues in Investment Management: Discussion with the SEC Staff,” panel with Paul Cellupica, Deputy Director and Chief Counsel of the SEC’s Division of Investment Management, ABA Business Law Section meeting, Washington, D.C., November 16, 2018
    • “Blockchains, Cryptocurrencies and Investment Management: Emerging Legal Trends,” ABA Business Law Section Fall meeting, Austin, TX, September 14, 2018
    • IAA Social Media Compliance Forum, December 7, 2017
    • “Like This: How to Assess & Manage Your Social Media Risk; Breakout Session: Social Media Use by Investment Management Firms,” K&L Gates General Counsel University, Chicago, IL, October 25, 2017
    • “The Impact of the Trump Administration on Investment Management Regulation,” panel with Jane Jarcho, Deputy Director of the Office of Compliance Inspections and Examinations, ABA Business Law Section Meeting, Chicago, IL, September 15, 2017
    • “Current Issues in Investment Management: Discussion with the Division Director,” ABA Business Law Section meeting, Washington, D.C., November 18, 2016
    • “Looking at Both Sides of the Border: A Comparison of Board Governance Practices and Regulation of Mutual Fund Companies in the United States and Canada,” ABA Business Law Section meeting, Montréal, Canada, April 8, 2016 
    • “Board Oversight of Intermediary Fees - The SEC’s Recent Guidance,” Mutual Fund Directors Forum 2016 Policy Conference, Washington, D.C., March 29, 2016
    • "Current Issues in Investment Management: Discussion with the Division Director," ABA Business Law Section meeting, Washington, D.C., November 20, 2015
    • “How Social Media Has Impacted Broker-Dealers and Investment Advisers,” K&L Gates Webinar, October 7, 2015
    • “Issuers, Broker-Dealers, Investment Advisers and Funds (and Regulators) Embrace Social Media: "Like" It or Not (or, To Tweet or Not to Tweet: That Is the Question),” ABA Business Law Section Meeting, Washington, D.C., November 21, 2014
    • "Joining the Conversation: The Perils and Possibilities of Social Media for Financial Services Companies," K&L Gates Webinar, April 5, 2012