David Williams

David Williams represents and counsels clients in the investment management industry, with particular focus on counseling investment advisers on registered investment company fund formation, regulatory requirements and corporate governance. He also counsels institutional investors on fund due diligence and investment management agreement negotiations. A growing part of David’s practice is advising global fund managers on environmental, social and governance (ESG) and impact funds, and their unique investment and governance considerations. In addition, David counsels investment advisers on the design and launch of closed-end interval and tender offer funds that enhance distribution channels for advisers.

View the full bio for David Williams at the Faegre Drinker website.

Articles by David Williams:

A Look Inside the SEC’s Final RIA Guidance and Its Discussion of “Best Interest”

In light of the significance of the final rules and commission interpretations issued by the Securities and Exchange Commission on June 5, 2019, Drinker Biddle & Reath’s Best Interest Compliance Team is publishing a series of articles on the subject. The first article, “The Final Reg BI Package: What to Know and What’s Next,”  described the final package of rules and interpretations. The second article covered “Form CRS .” The third article, summarized here, will provide a more detailed analysis of strategically selected provisions of the RIA Guidance.

The Securities and Exchange Commission (SEC) Interpretation Regarding Standard of Conduct for Investment Advisers (RIA Guidance) reaffirms, interprets, clarifies, and provides guidance regarding the fiduciary duty an investment adviser owes to its clients under the Investment Advisers Act of 1940 (Advisers Act) as it has been interpreted by common law and SEC guidance. The RIA Guidance also describes the underlying responsibilities that constitute an investment adviser’s fiduciary duties: the Duty of Care and the Duty of Loyalty.

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