Lance Dial is a partner and a member of the Asset Management and Investment Funds practice. Lance has experience advising asset managers and broker-dealers in all areas of the business. He has worked with all product types, including mutual funds, ETFs, money market funds, private funds, and bank-maintained collective pools. In addition, Lance advises clients on compliance and regulatory matters under the Investment Company Act of 1940, the Investment Advisers Act of 1940, ERISA, and other related federal securities laws. Lance has significant experience with the regulation of marketing and advertising of investment products, integration and marketing of Environmental Social and Governance (ESG) investment products and trading and market structure issues. He has worked extensively on regulatory policy matters with various financial services regulators, including the US Securities and Exchange Commission, US Department of Labor, Internal Revenue Service, and US Department of Treasury.
Prior to joining the firm, Lance served as senior in-house counsel with global investment managers for almost fifteen (15) years. Prior to that, he was an associate at K&L Gates.
- Recognized by The Legal 500 United States as a Recommended Lawyer for Mutual/registered/exchange-traded funds, 2024
- Chair, Cohasset School Committee
- Interviewee, “Episode 26: An Interview with Lance Dial,” TSG Time Podcast, 14 March 2025
- Panelist, "Investment Adviser Marketing Rule," National Regulatory Services (NRS), 13 July 2023
- Panelist, "How to Navigate Pro and Anti-ESG Regulatory Action," GreenFin23, 28 June 2023
- “The Amended Names Rule—Implementation Challenges and the Path Ahead,” The Investment Lawyer Vol. 32, No. 3, March 2025
- "Model Performance Under the Marketing Rule," TSG Performance Perspectives, September 2024
- International Comparative Legal Guide - Alternative Investment Funds 2024, Chapter 25: USA, 30 August 2024
- “FINRA Proposes Rules Permitting Presentation of Performance Projections and Targets,” Journal of Federal Agency Action, May-June 2024
- Quoted, "Trump SEC chair scraps proposed market rules as he charts new path," Financial Times, 20 June 2025
- Quoted, "SEC Keeps Eye on WhatsApp, Signal Usage Despite Trump Changes," Bloomberg Law, 24 April 2025
- Quoted, "Lawyers expect limited fallout from BlackRock settlement, SEC Uyeda appointment," Responsible Investor, 23 January 2025
- Quoted, "New Trump administration means big changes at SEC, DOL," Law360, 2 January 2024
- Quoted, "How Wall Street Regulators May Adapt To Trump's Return," Law360, 1 January 2025
- Quoted, "Trump's SEC Nominee May Take Defensive Approach to Rules," Ignites, 9 December 2024
- Quoted, "A Paul Atkins-led SEC will be more industry friendly, accommodating to crypto, experts say," Pensions & Investments, 6 December 2024
- Quoted, "ESG round-up: EC proposes 12-month delay to EU Deforestation Regulation," Responsible Investor, 2 October 2024
- Quoted, "SEC’s Wamco Probe Spotlights ‘Perennial’ Industry Compliance Issue," FundFire, 16 September 2024
- Quoted, "SEC Reworking AI, Safeguarding Rules Amid Push Back: Compliance Pros," FundFire, 6 May 2024
- Quoted, "26 States in Uphill Battle to Overturn DOL's ESG Rule," Ignites, 19 April 2024
- Quoted, "Disloyal Acts’: Barings Sues Corinthia, Ex-Employees over Private Credit Lift-Out," FundFire, 19 March 2024
- Quoted, “SEC's Climate Disclosure Rules Invite Litigation from Both Sides,” Ignites, 8 March 2024
- Quoted, "JPMorgan Asset Management Quits $68 Trillion Climate Group," Bloomberg, 15 February 2024
- Quoted, "Securities Regulations To Watch In 2024," Law360, 1 January 2024
- Quoted, "Finra in Surprise Proposal to Allow Predicted Returns in Marketing," Investment News, 20 November 2023
- Quoted, "Wall Street watchdog floats plan to let brokers promise future results," Financial Times, 19 November 2023
- Quoted, "Loose Practices and Imprecise Recordkeeping Prompt SEC Scrutiny, Even When Investors Are Unharmed," Private Equity Law Report, 16 November 2023
- Quoted, "'Be Careful': SEC, Industry Grapple with 'Gray Area' in Marketing Rule," FundFire, 24 October 2023
- Quoted, "Sustainable Finance, A Texas boost for Biden's ESG investing rule," Reuters, September 2023
- Quoted, "Analysis: New anti-ESG rule in Missouri offers US Republicans another path away from 'wokeness'," Reuters, 10 July 2023
