Rita M. Molesworth

Partner

New York
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099

Rita M. Molesworth is a partner in the Corporate and Financial Services Department and is a member of the firm’s Asset Management, Regulatory and Capital Markets Practice Groups. She Co-Chairs the Firm’s Financial Institutions/Regulatory Practice Group. Rita is active in advising clients on the implementation of the Dodd Frank Act and has substantial experience with the Commodity Exchange Act and U.S. securities laws applicable to hedge funds.

Rita advises commodity pool operators, commodity trading advisors, investment advisers, hedge fund managers, futures commission merchants and other businesses on futures and other derivatives and general corporate and securities law matters.

Rita is active in assisting clients in U.S. and non-U.S. offerings of public and private commodity pools and hedge funds employing stand-alone and master-feeder structures. She also assists clients with derivatives (Commodity Exchange Act) and securities regulatory compliance. She also advises clients on CFTC and NFA requirements with respect to privacy and cybersecurity. Rita’s deep experience has been recognized by Expert Guides (2015) and The International Who's Who of Private Funds Lawyers, where she has been named as being among the world’s leading lawyers for private funds. Rita is recognized in The Best Lawyers in America for hedge funds law.

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Highlights

Rita M. Molesworth is a partner in the Corporate and Financial Services Department and is a member of the firm’s Asset Management, Regulatory and Capital Markets Practice Groups. She Co-Chairs the Firm’s Financial Institutions/Regulatory Practice Group. Rita is active in advising clients on the implementation of the Dodd Frank Act and has substantial experience with the Commodity Exchange Act and U.S. securities laws applicable to hedge funds.

Selected Significant Matters

  • Advised a major hedge fund manager on the redomiciliation of its suite of funds from one jurisdiction to another.
  • Ongoing representation of commodity pool operator and commodity pools offered by a large financial services institution.
  • Assist numerous clients in classifying whether the instruments they trade are swaps subject to regulation by the CFTC or security-based swaps subject to regulation by the SEC.
  • Assist numerous commodity pool operators and commodity trading advisors in determining whether they will have to register with the CFTC as a result of the rescission by the CFTC of a widely used registration exemption.
  • Assist numerous hedge fund managers with registration with both the SEC and the CFTC and provide assistance with all aspects of ongoing compliance and reporting (Forms PF, CPO-PQR, etc.).

Prior Experience

Rita has significant prior experience in the futures industry having worked at the National Futures Association as well as with energy trading companies on the trading floor of the New York Mercantile Exchange.

Selected Professional and Business Activities

Rita serves as Vice-Chair of the ABA's Derivatives and Futures Law Committee.  She is a member of the New York City Bar's Committee on Futures and Derivatives Regulation and served as its Chair from 2003 to 2006 and its Secretary from 1997 to 2003. Rita is a past member of the New York City Bar’s Private Investment Funds and Energy Committees.

Rita has served on the Executive Committee of the Law & Compliance Division of the Futures Industry Association, is a member of the Board of Editors of the Futures and Derivatives Law Report and a member of the Managed Funds Association’s CTA/CPO Forum and its Outside Counsel Forum. She publishes articles and is a regular speaker on educational panels with respect to derivatives and investment management issues. Rita is also a lecturer at Columbia Law School, where she teaches Derivatives Law and Regulation.

Publications / News / Events

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