David Tang
PEOPLE

David Tang

Partner
tang.david@dorsey.com

Overview

DAVID SPECIALIZES IN PROVIDING REGULATORY COMPLIANCE COUNSELING TO REGISTERED INVESTMENT ADVISERS, INCLUDING PRIVATE FUND MANAGERS.

David has advised registered investment advisers on more than 200 SEC examinations. He leverages the information gained from these representations to advise private fund managers on their compliance programs and best practices, and to navigate SEC examinations.  David also conducts mock audits designed to prepare investment advisers for SEC examinations.

David counsels investment advisers, including exempt reporting advisers, on the design and implementation of compliance policies and procedures, including the code of ethics, personal trading, marketing, insider trading, expert networks, best execution, investment allocation, valuation, expense allocation, conflicts of interest, business continuity, cybersecurity, and recordkeeping.

David regularly advises investment managers on compliance with new rules and regulatory requirements.  He also advises U.S. and international investment advisers on SEC and state registration requirements and available exemptions.

David’s advice draws from a wealth of in-house experience, having served as chief compliance officer and senior counsel to SEC-registered investment management firms.

In addition, David has deep experience in the formation and representation of private funds, advising on offering documentation, investment management agreements, separate account agreements, solicitation agreements, seed capital arrangements, side letters, employment matters, non-compete and non-solicit agreements, non-disclosure agreements, brokerage agreements, and service provider agreements.

 
 

Education & Admissions

University of California, Los Angeles (UCLA), School of Law (J.D., 2002)

Binghamton University (B.A., Economics and History, 1996), magna cum laude

Admissions

  • New York

Experience

  • David has successfully represented numerous investment advisers on registration with the SEC and examinations by the SEC’s Division of Examinations.
  • David has conducted mock audits designed to prepare investment advisers for SEC examinations.

News & Resources

Articles

The SEC Issues Marketing Rule FAQ on Calculating Gross and Net Performance
SEC Issues Report on its Review of the Accredited Investor Definition
2024 Private Funds Compliance Calendar
2024 SEC Examination Priorities for Investment Advisers
SEC Adopts New Short Position and Short Activity Reporting Requirements
Deadlines for 2024 IARD Renewal Program
RIA Regulatory Review
The SEC Adopts Significant New Rules for Private Fund Advisers
SEC Proposes Rules to Address Conflicts of Interests Associated with the Use of Predictive Data Analytics
RIA Regulatory Review
SEC Amends Form PF to Require Event Reporting
SEC Issues Risk Alert on Observations from Examinations of Newly-Registered Advisers
SEC Proposes New Rule Regarding the Safeguarding of Client Assets
2023 SEC Examination Priorities for Investment Advisers
2023 SEC Rulemaking Priorities for Investment Advisers
SEC Issues New Marketing Rule FAQ Regarding Performance Results of Case Studies
2023 Private Funds Compliance Calendar
Deadlines for 2023 IARD Renewal Program
SEC Proposes New Oversight Requirements for Certain Services Outsourced by Investment Advisers
SEC Issues FAQ Relating to Investment Adviser Considerations of DEI Factors

News & Press Mentions

Tang Quoted on SEC and Outsourcing
Tang Quoted on Private Fund Diversity

Industries & Practices

  • Banking & Financial Institutions
  • Corporate Governance & Compliance
  • Cybersecurity, Privacy & Social Media
  • Financial Services Regulatory
  • Investment Funds
  • Investment Management
  • Mergers & Acquisitions
  • Private Equity
David Tang