Insights

New York – June 6, 2024: Christopher Mendez, former general counsel and chief compliance officer at several investment management firms, has joined Crowell & Moring’s Financial Services Group as senior counsel in New York, bringing in-depth experience advising on fund formation and other corporate matters.

The Private Fund Rules were the most comprehensive set of regulations for the private funds industry since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”). On June 5, 2024, a unanimous three-judge panel of the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) vacated the Private Fund Adviser Rules (“Private Fund Rules”).