Shane Shannon focuses his practice on representing registered investment companies, their independent board members, and investment advisers on a broad range of regulatory, transactional, and compliance matters arising under the U.S. federal securities laws, particularly the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Securities Exchange Act of 1934. He works closely with clients to adapt to new SEC rules affecting the asset management industry.
Shane regularly works with a variety of different fund structures, including mutual funds, closed-end funds, exchange-traded funds, unit investment trusts, and business development companies. He has experience drafting and reviewing registration statements, proxy statements, and tender offer documents, as well as other legal documentation relating to the formation, registration, and ongoing operation of investment companies. In addition, Shane advises fund distributors on various matters, particularly with respect to product offerings, fund due diligence, and distribution-related agreements. Shane also has experience performing legal and compliance audits and mock SEC exams.
Prior to joining the firm, Shane was associate general counsel for a Chicago-based asset manager, where he advised on a variety of investment management and securities law matters, including the formation, registration, and ongoing operations of investment companies. While in law school, Shane interned for the SEC Division of Trading and Markets in Washington, D.C. and the SEC Division of Enforcement in Miami, Florida. He has particular experience advising on regulatory and compliance matters arising under the Investment Company Act of 1940, Investment Advisers Act of 1940, Securities Exchange Act of 1934, and Securities Act of 1933.
- "Could Charitable or Financial Incentives Improve Fund Shareholder Participation in the Proxy Process?," The Investment Lawyer, Vol. 26, No. 8, August 2019
- “SEC’s Division of Investment Management Offers New Guidance on “Distribution in Guise” Payments,” Journal of Investment Compliance, Volume 17, No. 2, 2016
- “Making Sense of Auditor Independence Issues,” The Investment Lawyer, Vol. 23, No. 12, December 2016