Anne C. Choe is a partner in Willkie’s Asset Management Department. She advises a wide range of pooled investment vehicles, including mutual funds, exchange-traded funds (ETFs), private funds (hedge funds, private equity funds and venture capital funds) and their sponsors and investment managers. She has in-depth knowledge of the various securities and other laws applicable to pooled vehicles and regularly counsels investment advisers and family offices on a variety of SEC regulatory compliance matters. A key aspect of Anne’s practice is representing investment advisers and funds in SEC examination and enforcement matters.
Anne has significant experience in advising investment management firms in registering with the SEC as investment advisers. Additionally, she routinely counsels clients on the application of the Advisers Act, marketing rule, custody rule and “pay-to-play” rule, as well as the implementation of compliance programs as required by Rule 206(4)-7 under the Advisers Act. She also assists clients in connection with internal compliance reviews and investigations, and the development and testing of compliance programs, including with respect to insider trading and information barriers.
Anne’s diverse practice covers advising on the creation and operation of registered open-end investment companies and ETFs and provides counsel to fund independent boards. In addition to counseling clients, Anne has built an active fund and investment adviser transactional practice. She is regularly involved in advising on investment management M&A transactions.
Chambers USA (2022) recognizes Anne as an Up and Coming Practitioner in the area of Investment Funds: Regulatory & Compliance (Nationwide), where she is commended by clients who “rely on her heavily for all things SEC.”
The Legal 500 U.S. (2022) recognizes Anne as a Next Generation Partner in the area of Investment Fund Formation and Management: Mutual/Registered Funds, where she is praised by clients for her “incredible understanding of investment management regulation, especially as it pertains to investment advisers, and brings both significant experience and excellent industry understanding to the issues.”